Pennsylvania Contractors Insurance
As an independent contractor who is PA & NJ focused, you typically do not have the same benefits that a full-time employee has, which includes the benefit of proper insurance. Therefore, as a professional that is working for yourself, it is vital that you make an investment in the right Contractors Insurance policy through Vince Capria and Capria Insurance Agency.
The Contractors policies that we offer include a wide variety of coverage types. Each of these different types addresses specific risks and has specific limits. Depending on the type of contracting business that you run, you may want to consider, property insurance, health insurance and liability insurance, just to name a few.
Health And Wellness Insurance
Finding the right Health Insurance coverage to include in your Contractor Insurance policy is often a priority for many, especially those who lost such benefits when they made the choice to venture into the world of independent contracting.
Health insurance plans for contractors, as well as medical discount and wellness plans may be available. Typically, if you belong to a contractors association or union, you may even be able to purchase this type of coverage for a group rate. Talk to your Capria Insurance Agency agent to determine which health benefits for which you are eligible.
You may also be interested in other types of preventative care coverage as well, such as vision and dental insurance. Generally, contractors may also want to consider coverage for short-term medical issues as well, such a pregnancy or surgery. In this case, you will need supplemental insurance, which will provide you with coverage for dental care, wellness visits, eye care and other preventative care visits.
When shopping for Contractors Insurance, many are not aware that coverage may be available when you are not able to work because of a disability or serious illness. Long and short-term plans may be available for just a fraction of the cost that you would have to pay for a standard health insurance policy. During a time when you are not able to be productive in your business, for insurance if you have to undergo treatment for an illness or recover from an injury, you will need this type of insurance to provide your household with financial benefits in order to help you keep up with the cost of living.
Life Insurance And Retirement
When you are focusing on your long-term goals for your contracting business, you may also want to consider included some type of retirement insurance and life insurance as part of your Pennsylvania Contractor Insurance policy. As opposed to a 401K retirement plan like you may get from a number of employers these days, a contractor can choose an independent retirement account or a retirement savings account that allows money to be set aside before taxes.
Life insurance is an important type of coverage that you will need to consider. You can choose a term life insurance plan. However, with a whole life insurance plan, you will be able to save money that will be there in case you ever need to use it to pay for any unexpected expenses that may arise.
Perhaps the most important type of Contractors Insurance is Liability Insurance. With this type of coverage, you can protect your home office and property from the devastating financial fallout that comes with theft, damage or injuries. This is a vital aspect of working as a contractor because mistakes and accidents do happen, which means that it is incredibly important that your personal assets are well protected in the event that a customer decides to bring about a lawsuit against you.
Public liability is necessary for contractors who work on projects that are located on sites that are owned by their customers. The extent of this type of liability coverage will vary according to the tasks that the project involves.
Generally, the types of liability that a contractor will need protection against include damage that takes place as a result of interacting with a client's employees or damage to a client's property. You must also be protected against omissions, miscalculations and other actions that you may take as a contractor. In order to ensure you are well protected, you will need to include the right type of liability coverage with your Contractor Insurance policy.
Capria Insurance Agency: Your Insurance Professionals
Capria Insurance Agency is a provider that is PA & NJ focused. Vince Capria and his team of talented experts work hard every day to provide contractors just like you with the best possible coverage at the most affordable price. A lot of things can go wrong in any industry, but a contractor has only himself on which he can rely. Do not take the chance of losing your tools, equipment, employees or prospective jobs because you are not properly insured. Click on the quote request button now to get started with a policy to protect your future.