Masonry Contractor Insurance

Like any other business, masonry contractors need a variety of insurance to protect not only the business but your employees as well. The insurance will cover the cost for the risks that your business might be involved in like an accident and the costly lawsuits. This makes sure that your business assets are protected when a covered risk occurs by paying for the medical expenses, attorney fees, and court costs.

Below are some examples of risks that masonry contractors can face:

• You completed a project for your residential client weeks ago. Today, you receive a call claiming that the project is poorly made. If your client sues your work, make sure you have the proper insurance set.
• Your employee or sub-contractor failed to meet the contracted deadline, causing your client to sue your business.

There is no fixed cost of insurance for masonry contractors as insurance carriers will check for the size of your business, the coverage required and the number of employees you have to get the cost of your insurance policy. However, to give you an idea below is the average cost of the frequently bought insurance policies for masonry contractors:

• General Liability insurance costs $500 in annual premiums.
• Professional Liability (E&O) insurance costs $700 in annual premiums.