Hunter Insurance Blog

Which Contractor Insurance Policy Covers Workplace Damages?

Which Contractor Insurance Policy Covers Workplace Damages?

Sometimes it really pays to have contractor insurance coverage in place. Most days, you may never even think about your insurance. But when an accident happens, you’ll breathe a sigh of relief knowing you won’t have to deal with a major financial loss, even if the accident is (gulp) - totally your fault. But when you’re at fault for an accident which leads to damage while you’re working on a project, you may be surprised at which of your contractor insurance policies you should have in place to cover it. And it’s ...
Understanding Exclusions in Your Contractor Insurance Policies

Understanding Exclusions in Your Contractor Insurance Policies

Waiting too long to learn what your insurance policy’s exclusions are can be frustrating at best and disastrous at worst. Picture this: You’re working on a new construction job when the whole roof caves in. Turns out you didn’t have the right support beams for the weight of the structure. You call your insurance company, only to find out your contractor insurance doesn’t cover faulty materials or design. You’ve just discovered an exclusion- the hard way. So, what is an exclusion? An exclusion is a limitation or restriction of your insurance coverage. Your policy’s ...
How Does a Contractor License Bond Claim Work?

How Does a Contractor License Bond Claim Work?

If surety bonds confuse you, you’re not alone. There are many different types of surety bonds, and different reasons people might make a claim against them. So what do you do if someone makes a claim against your bond? Read on for more information on the claims process, and discover how a claim could impact your business. When a Claim Is Filed Against Your Contractor License Bond… One type of surety bond is required by law in most states: a contractor license bond. A contractor license bond, like other surety bonds, is like ...
7 Tips to Lower Your Contractor Insurance Costs

7 Tips to Lower Your Contractor Insurance Costs

As a responsible business owner, finding a great insurance policy is important to you. It’s the best way to safeguard your interests and protect both yourself and your employees. Great contractor insurance coverage shouldn’t feel like it’s pinching your wallet, however. Taking a little time to implement these practical tips can help you keep your insurance rates low without sacrificing your coverage. How to Save on Your Contractor Insurance Costs Ready to save some extra cash for your business? Let’s get started with our top money-saving ways to keep your insurance ...
Understanding Contractor License Bond Indemnity Agreements

Understanding Contractor License Bond Indemnity Agreements

When you purchase a contractor license bond in California, you will sign an indemnity agreement as part of the bonding process. If you are in the process of getting a license or just beginning to research license bonds, understanding the indemnity agreement is crucial. When you sign the agreement, you are signing a legally binding contract that could cost you in the event of a claim. What is a Contractor License Bond Indemnity Agreement? When you sign an indemnity agreement, you are agreeing to repay a surety company if they have ...