Contractor Insurance
Running a contracting business is unlike any other commercial operation. You face a long list of potential risks with every job you take on. As a result, having the right contractors insurance in place is essential to protect your company, your assets and the people who work with you every day.
LANOIX INSURANCE AGENCY
Lanoix Insurance provides general contractors and sub-contractors with custom solutions with the right coverage at a reasonable price. We are committed to providing the service you need to do your job. Need a certificate of insurance on short notice? Have a question about a bond? You will have your agent’s mobile phone number. We will be there when you need us.
Contact our agency and Bryan, David or Randy will help identify the insurance coverage you need and provide competitive quotes. We serve clients throughout Baton Rouge and the River Parishes.
Features of a Contractors Insurance Package
As a contractor in Baton Rouge, you are required to carry general liability insurance, which covers property damage and injuries that may result from the work you do, but your other insurance needs extend beyond that one policy. Common policies in an electrician’s, plumber’s, finisher’s, excavator’s or roofer’s insurance package include the following:
- General liability and personal liability
- Property and casualty insurance
- Workers compensation policies
- Surety bonds
- Commercial vehicle/fleet insurance
After evaluating the needs of your business, your agent will explain what Baton Rouge Contractor insurance is required, recommend additional policies or supplements to cover gaps, and provide competitive quotes from major Louisiana and national companies. Contractors insurance is a special category of our business insurance lines.
Builders Risk Insurance for Owners and General Contractors
Builders risk insurance covers buildings under construction against damage from fire, vandalism, theft and other events. The insurance can be purchased by the property owner. In some cases, a construction contract requires the general contractor to take out builders risk.
Rising Costs of Contractors Insurance
Many contractors have seen their premiums for liability and other Baton Rouge Contractor insurance policies increase in recent years, while at the same time the criteria companies use to determine eligibility for policies has tightened. The combination of these two factors has resulted in:
- Contractors facing continuous rate increases year after year
- Policies that are more restrictive and provide less coverage than before
- Cancellation or non-renewal of policies, and difficulty obtaining new coverage
If you have been dealing with any or all of these things, contact our Port Allen or Lutcher office and ask to speak with an agent. We will work with our insurance partners to find the coverage you need at an affordable rate.
Consult with an Agent Today
Do you need a bond or certificate of insurance to submit a bid? A coverage letter for the loan on your equipment? Call or contact us online. We will provide a contractor’s insurance quote that specifically addresses the risks your business faces and offers the most protection at the best possible price. We are committed to treating every one of our customers like a family member, and not just another policy. Come meet with us today to find out how we can help you with all your business insurance needs.