Contractor Insurance in Illinois
What Kind of Contractors Insurance Do You Need?
Commercial contractor insurance needs vary widely by industry and business size. Whether you’re running a one-person operation or managing a larger team, Illinois Insurance Center helps tailor coverage to your unique needs. Our experts work to find you the best protection at the most competitive rates.
Commercial contractor insurance typically includes multiple policies, each customizable to match the demands of your current projects and risks. You’ll have the flexibility to update your coverage as your business evolves.
We provide insurance solutions for a wide range of professionals, including:
✅ HVAC contractors
✅ Roofing contractors
✅ Drywall contractors
✅ Security and CCTV system installers
✅ Plumbing contractors
✅ Steel and metal workers
✅ Concrete contractors
✅ Masonry experts
✅ Handymen
… and many more across Illinois. Let us help safeguard your contracting business with coverage designed for your trade.
What is General Liability Insurance?
If you want to ensure that your small business has financial protection from unforeseen claims, general liability insurance is a smart investment. While it’s not always required by law, it may be required by certain contracts or lease arrangements. With a general liability policy, it’s easy to get protection from the costs of:
Product Liability
If products developed or sold by your business harm people or property, this coverage can pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.
Bodily Injury
If someone other than an employee is injured on your property, this coverage can take care of medical expenses plus legal expenses and damages.
Libel, Slander and Copyright
This coverage can pay for lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea and more.
Property Damage
When customer property is damaged by an employee, your coverage may pay for a replacement. For example: Your contractor accidentally sets fire to a building they are working in and repair costs can easily be in the thousands. Now, you may be liable to pay for the damages and construction costs. With small business general liability insurance from Illinois Insurance Center, you would likely have help covering the costs of those damages.
Let Illinois Insurance Center Personalize Your Insurance Portfolio to Meet Your Needs
Policies within the commercial handyman’s insurance portfolio usually include a general liability insurance policy which covers the contractor’s office, employees, hired and non-owned vehicles and legal fees, and offers protection against bodily injury, property damage and negligence claims.
Workers compensation insurance is compulsory for nearly every employer with payroll employees, much like disability coverage for employees. Commercial auto insurance is necessary if the corporation or association claims title to one or more vehicles, and inland marine insurance policies protect materials and products while warehoused or in transit.
General liability coverage is usually offered in $1 million, $2 million and $3 million limits. Depending on the specific focus o the contractor, this liability may be expanded via an umbrella policy or excess general liability rider, or through one or more separate liability policies.
Find Additional Protection Options for Your Field
Contractors working in certain fields may choose to invest in builder’s risk insurance policies. These policies provide coverage for materials, machinery and equipment on the construction site and in transit. Some policies might include coverage for sinkhole collapses, mechanical or electrical breakdowns, scaffolding and construction forms, and other variables not typically addressed by general liability policies.
Workers Compensation for Contractors in Illinois
Workers compensation exposures are high due to the operation of machinery and equipment, work at heights, work on uneven ground, and exposure to underground or above ground cables and lines. Use of power-cutting equipment can result in cuts and possible amputations. Back injuries, hernias, sprains and strains can result from lifting. Chemical applications may cause lung problems along with allergic reactions and other more serious complications. Casual labor, seasonal workforce and high turnover present a significant loss control challenge.
What Is the Risk if I Don't Have Contractors Insurance for My Business?
Operating without contractors insurance exposes your business to serious financial and legal risks. Without coverage, you could be held personally liable for injuries, property damage, or accidents on the job site. Lawsuits, medical bills, or repair costs can quickly overwhelm your finances. Additionally, many clients and licensing bodies require proof of insurance. Lacking coverage may limit your job opportunities, damage your reputation, and ultimately jeopardize your business’s future. Insurance isn’t optional—it’s essential protection for your livelihood.
How Much Does Contractor Insurance Cost?
Several factors determine the cost of your contractors insurance policy.
These include the types of coverage you select, your coverage limits (the maximum your insurer will pay for a covered claim), and your deductible (the amount you’ll pay out of pocket before coverage kicks in).
Make sure your business is fully protected—get a customized contractors insurance quote today.
Request a free estimate today on our contractors insurance plans.
Contact our office today at (708) 776-2260 in Chicago, Illinois .
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