Additionally, contractors who aren’t located in Massachusetts but who have projects within the state may need to adjust their insurance policies. For, laws vary from state to state, and an insurance policy written for doing work in one state may not provide the same protections in a different state. An agent who’s licensed in Massachusetts can help contractors in other states review their insurance policies and make sure they cover work done in Massachusetts.
What Coverages Are Included in Contractors Policies?
Because contractors in different trades have different insurance needs, the coverages included in contractors policies vary. Nonetheless, there are common coverages that many policies have, such as:
- Contractors Liability Insurance, which may offer protection against a variety of potential lawsuits
- Contractor Equipment Insurance, which typically protects a contractor’s equipment
- Equipment Leased or Rented From Others Insurance, which may extend coverage to equipment that a contractor rents or leases
- Inland Marine Insurance, which is often used to insure equipment while it’s being transported to and from job sites
- Commercial Auto Insurance, which contractors who have company vehicles are normally required by state law to carry
How Can Worcester, MA Contractors Get Certificates of Insurance?
Certificates of Insurance are frequently used by contractors to prove they’re properly insured. A potential client might ask to see a contractor’s certificate before hiring them, and many cities and towns ask for certificates in their permit application materials.
Contractors are usually sent a Certificate of Insurance when they purchase a policy, and they can use this original to create copies for potential clients, cities, and towns. Contractors who need to replace a lost or destroyed certificate can contact their insurance agent for assistance. Their agent should be able to procure a new certificate.