Smarter Contractor Insurance
Save up to 35% on your contractor business insurance
As Featured In
Rated 5 stars
As Featured In
Rated 5 stars
What makes Foxquilt different?
Tailored To Your Business
Create Your Policy In Just A Few Taps
Only Pay For What You Need
Rated 5 stars by business owners
See why other business owners, just like you, love Foxquilt's smarter coverage, 5-star service and insurance built for them.
As a small business owner Foxquilt was perfect for my needs.read more
I used Foxquilt for Commercial Insurance and we needed it rather urgently for our home based business. They were really friendly and helpful to deal with and they turned around a policy within a few hours.read more
I moved all my business and personal insurance to Foxquilt. Love these guys! Great service and quality. Plus you get incredible rates. Highly recommend.read more
What is Business Insurance for Contractors?
Commercial General Liability
Commercial Property Insurance
Who needs contractors insurance?
Examples of Insurance Claims
Mistakes & Errors
Unfortunately property damage can be a very real problem on construction sites; your equipment accidentally breaks a client’s valuables, or damages part of their property. For example, if you’re doing chimney work (chimney repair, cleaning, etc.) and something falls and damages a neighbour’s property, property insurance can have you covered.
Frequently Asked Questions
Why Do Contractors Need Insurance?
Contractors have liabilities in their work that can carry a significant expense. Even if an injury is completely accidental, or a mistake on a job site was made despite taking precautionary measures, the consequences can carry a high price tag. Even if a contractor is not legally required to carry insurance for the job, the risk of covering expenses of property damage or medical bills for serious injury out of pocket could put any contractor out of business.
How Much Does Contractor Insurance Cost?
Contractor insurance rates can vary, so it’s important to make sure that you’re getting the right coverage for you. There’s no point in paying excess premiums on coverage you don’t need, nor do you want to have inadequate coverage that won’t meet your needs. A quote from Foxquilt can price out the right coverage for you, and provide coverage at a rate that’s probably cheaper than you might think. The other benefit to working with Foxquilt are our monthly payment plans. We understand that a year’s worth of insurance all at once can be an unexpected hit to the bottom line, especially when you’ve carefully budgeted your expenses for an upcoming project.
What Kind of Insurance Do Contractors Need?
Insurance for contractors is rarely a one-size-fits-all. Contractors often perform a wide range of services, and each of them might have their own unique insurance needs. While most business insurance for contractors includes CGL and property insurance, others may require builder’s risk, installation floater insurance, or contractors professional liability insurance (errors and omissions.) Foxquilt works with you to look at your unique needs, and give you the exact coverage that you require so that you can be fully protected, without overpaying for a costly package.
Do Subcontractors Need Insurance Too?
Yes, subcontractors are often required to carry their own insurance. A general contractor insurance plan may not cover other contractors, which means that subcontractors may not be protected in their work. Subcontractors should carry all necessary insurance to protect their business and complete their work safely.
What is a Certificate of Insurance?
A certificate of insurance (or “COI”) is the proof of insurance you receive after purchasing your policy, just like you have for your car insurance. These can be paper copies or digital, but are crucially important. Some job sites will require you to show a current COI before starting work.