Contractor Insurance in Minnesota

Contractors and construction businesses can face specialized insurance exposures involving jobsite injuries, property damage, vehicles, tools, subcontractors, completed operations, and contractual insurance requirements. The right coverage depends on how the property, business, vehicle, or professional service is actually used.

Coverage can be tailored to the individual situation. Maverick Risk Partners can help clients in Minnesota compare available options from multiple insurance companies and review differences in coverage, limits, deductibles, and eligibility.

Why Do Contractor Businesses Need Insurance?

Contractors rarely face just one type of risk. A typical operation may have employees, work vehicles, portable equipment, customer property, subcontractors, and completed-work exposures. Insurance can also be necessary to satisfy licensing rules, leases, or construction contracts.

Insurance can help transfer some of these financial risks, but no policy covers every situation. The appropriate combination of coverage depends on the specific details of the risk and the insurance companies willing to consider it.

Contractor Insurance Coverage Options

The coverage that may be appropriate varies by client. Depending on the situation, an insurance program may include several different policies or endorsements.

General Liability Insurance

General liability insurance may help protect against covered third-party bodily injury and property damage claims. It can be especially important when customers, vendors, or members of the public are exposed to your operations.

Commercial Auto Insurance

Commercial auto insurance may cover company-owned cars, vans, pickups, or trucks used for business. Coverage may include liability and physical damage options, depending on the vehicles and policy selected.

Workers’ Compensation Insurance

Workers’ compensation insurance may help pay eligible medical expenses and lost wages when an employee suffers a work-related injury or illness. Requirements and available options vary by state.

Contractors’ Tools and Equipment Coverage

Tools, portable machinery, and equipment can be expensive to replace after theft or a covered loss. Inland marine or contractors’ equipment coverage may help protect property that regularly moves between jobsites.

Professional Liability / Errors & Omissions

Professional liability insurance, often called errors and omissions insurance, may help with covered claims alleging that professional advice, services, mistakes, or omissions caused a client financial harm.

Umbrella or Excess Liability Insurance

Umbrella or excess liability insurance may provide additional limits above certain underlying liability policies when a covered claim exceeds those underlying limits.

Contractor Insurance FAQs

What insurance does a contractor typically need?

Contractors commonly consider general liability, workers’ compensation, commercial auto, tools and equipment, builders risk, and umbrella coverage based on their work.

Does contractor insurance cover faulty workmanship?

General liability generally is not a warranty for the contractor’s own work. It may address certain resulting covered damage, depending on the policy and circumstances.

Are subcontractors covered under a contractor’s policy?

Not automatically. Contractors should review subcontractor requirements, additional-insured provisions, certificates, and exclusions related to subcontracted work.

Does contractor insurance cover tools stolen from a job site?

Tools-and-equipment or inland marine coverage may protect eligible portable property against certain covered theft losses.