Insurance Risk Management Solutions for Companies & Homeowners

Dallas Insurance Service for Construction-Special Trade Contractors

In order to manage the numerous hazards associated with building, contractors must have adequate insurance coverage. Because construction work involves so many risks, insurers should collaborate closely with contractors on each project to account for all possible losses and to assist in the selection of suitable coverage to mitigate them.

At Tower Street Insurance & Risk Management, we understand the risks facing contractors and are able to offer tailored insurance coverage for their specialty. We routinely ensure a variety of contractors in Addison, Carrollton, Frisco, Plano, Terrell Hills, Alamo Heights, Celina, Granburry, Prosper, The Colony, Allen, Colleyville, Heath, Richardson, Trophy Club, Westlake, Argyle, Coppell, Highland Park, Rockwall, University Park and nearby communities of Fort Worth area.

Contact us today at 972-472-2040 to know more about our services with free estimates!

The Specialty about Contractor Risks and Coverage

Insurance For Construction & Special Trade Contractors

It is common to experience minor holdups and delays as a contractor, but major loss events can cause much bigger setbacks and perhaps even threaten the financial solvency of your business. Whether vandals loot your construction site, a tree falls on a recently framed home, or a client is injured due to unsafe jobsite practices, you need insurance that covers you against a wide range of unexpected events.

At Tower Street Insurance & Risk Management, we sell insurance that covers your physical assets and financial liabilities for many different risks and scenarios in Dallas, TX. From the building you operate from to your vehicles, equipment, and workers, we can help you find coverage that fits your needs.

Depending on the type of work you do, the size of your business, and your unique occupational risks, we may recommend coverage for:

General Liability: If you are accused of negligence that results in a third-party loss, you could be sued for compensation of damages. Whether you leave on hot equipment that causes a jobsite fire or you accidentally harm a client’s pet while working, be prepared for whatever comes your way with general liability insurance from Tower Street Insurance & Risk Management. We can help you cover the cost of defending yourself against accusations in court, as well as pay for judgments and out-of-court settlements up to the limits of your coverage. Our team can help you determine how much general liability coverage you may need to protect your financial assets against loss.

Workers’ Compensation: Workers’ compensation pays for employee medical bills and wage compensation due to workplace injuries, regardless of fault. It is necessary for all businesses that hire one or more employees, regardless of industry. Given the nature and physical risks of various contractor trades, however, it is especially important that you purchase worker's compensation to protect yourself and your employees against on-the-job injury expenses. Without it, you could face legal consequences, as well as tremendous financial liabilities if an employee sues you for compensation of damages.

Employee Theft: You cannot prevent employee theft, even with thorough background checks. You can, however, minimize your vulnerabilities to fraud, forgery, and third-party damages by purchasing special trade contractor insurance.

Excess Liability (Commercial Umbrella Coverage): Don’t take chances with your business by under-insuring yourself. Consider purchasing commercial umbrella insurance to provide additional liability protection when a major lawsuit drains the available coverage in your primary liability insurance policy. Umbrella policies can provide millions of dollars in excess protection that pays for legal fees, judgments, settlements, and more. Having one of the policies could help you continue in business despite litigation and even help you avoid potential bankruptcy.

It Is Necessary to Have an Insurance Service for Special Trade Contractors in Business

If you are not insured by special trade contractors, there is no legal penalty – you may, however, regret it. You would have to pay a solicitor yourself if someone sues your business and you do not have public liability insurance, and then a settlement could be costly if the claim against you is successful. You may even have to cover the legal fees of the person who is suing you.

We highly recommend protecting your piece of the world with a special trade contractor policy from Tower Street Insurance & Risk Management in Dallas Fort Worth. Our program is designed specifically to meet the special needs of contracting businesses. Written under a business owner policy, it provides commercial general liability protection for legal liability exposures unique to your business. It also offers business property protection – at competitive rates.

We also have insurance services for homeowners, auto, aviation, family offices, secondary homes, ranches, general liability, commercial liability, and many more!

Please contact us today at 972-472-2040 or contact us online to get our services in your nearest city at the earliest time!

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Reviews from Our Satisfied Customers

I love Tower Street and receive the best service from them! They are reliable, caring, and always supportive. Can’t recommend them enough!

- Abby

Chris is a great insurance advisor. He has extensive knowledge of markets, coverages, and risk. I highly recommend him. I wish I had more business to send him.

- Larry

Hear From Customers We've Helped

How Tower Street saved Josh 500k
Hear How Tower Street Saved Josh $500k

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