Before we talk about who is the best, lets settle what makes the best insurance company for Connecticut Contractors.
First obviously, price is a factor, the best insurance company should offer a fair premium while not necessarily being the cheapest.
Second, stability, an insurance company is ideally a long term partner to your business providing coverage through the years and growing with your business. Having to change insurance companies every year is not ideal.
Third, Coverage, if the policy has more holes than swiss cheese it is not worth it no-matter how low the premium is. You need an insurance company that understands the risks of your business and has the coverage you need.
With that settled let’s get into it.
For convenience, you can jump around with the links below.
Carpentry Contractors
Concrete Contractors
Electrical Contractors
Excavation Contractors
General Contractors
Handyman Contractors
HVAC Contractors
Landscaping Contractors
Painting Contractors
Plumbing Contractors
Roofing Contractors
Sheet Metal Contractors
Best Carpentry Contractors Insurance Company
Carpentry Contractors – Wood working, framing, builder of things with wood
If the above describes what you and your company do, the best insurance company for you is Main Street America Group
Why? Because Main Street America offers a great policy for carpenters and several other trades as you will can see below. With blanket additional insured included by default, per project aggregate and umbrella policies up to $5M, they are a company that can scale with your business.
A lot of insurance companies come and go when it comes to construction insurance but Main Street America has been insurance contractors consistently for many years. That stability helps you avoid large swings in pricing as MSA knows how to price your policy right so they don’t need to do massive price corrections or pull out of the market. Plus, they have been around since 1927, and they maintain an A rating so you can be sure they are financially sound. In addition to a great policy, MSA makes it easy come audit time with a simple payroll based self-audit form.
Best Concrete Contractors Insurance Company
Concrete Contractors – repair, replace and build concrete patio’s and foundations.
If you build and repair with concrete in Connecticut, Main Street America is the best insurance company for you.
Why? Because Main Street America gives you the coverage you need at a price you can afford. Blanket Additional Insured, Primary Non-Contributory and Waiver of Subrogation are all included by default!
With stability in the construction insurance business since 1927 Main Street America is an insurance company you can trust will be with you for the long haul. A rated, and an easy self-audit makes doing business with them a breeze.
Best Electrical Contractors Insurance Company
Electrical Contractors – Residential focused – Electrical Wiring within buildings – No fire or burglar alarm work.
If the above describes your type of work, the best insurance company available is the Hartford Insurance Group. Now the Hartford has a very strict approval process but if you get approved they can offer a full lines solution with General Liability, Property, Umbrella and Workers Compensation all on one easy monthly bill.
The Hartford Spectrum policy is a great choice for Electrical Contractors for several reasons, the primary reason is the coverage is excellent. With very broad coverage terms if an accident happens there is little to no doubt of if it is going to be covered. In addition, they can package the umbrella and property right on the Spectrum BOP up to $15,000,000 in coverage.
Best Excavation Contractors Insurance Company
Excavation Contractors – Digging with heavy equipment including digging foundations and site prep work, and occasional septic work or similar heavy equipment WITHOUT Demolition work.
If your company works as an excavation company, the best insurance company for you is Main Street America Group. They are a great fit offering broad coverage and both General Liability, Property coverage for your equipment and auto coverage for your trucks and trailers. Plus they will even insure the workers compensation.
Main Street isn’t a company that is jumping into the excavation insurance business, they have been a market leader writing excavation contractors for many many years. Plus, with several different excavation class codes there is opportunity for reduced rates if you specialize in one type of excavation related work.
Best General Contractors Insurance Company
General Contractors – A contractor whose primary function involves hiring sub-contractor to perform the labor.
If your construction companies sub-contracts >25% of your gross receipts by insurance definitions you are classified as a General Contractor, and for Connecticut based general contractors the best available liability insurance comes from MUSIC Insurance Company. (Mesa Underwriters Specialty Insurance Company)
MUSIC is one of the hidden gems of the insurance industry. Being a company you have probably never heard of, and saving all the advertising spend of the big companies they offer a favorable rate with solid general liability coverage. However, they are part of the Selective Group so they have a great stable financial backing.
Best Handyman Contractors Insurance Company
Handyman Contractors – General smaller jobs focused on private residences. Can perform various types of home repairs or improvements. From Doors and trim, to painting and drywall.
If you performing handyman work you need general liability insurance, few companies like to provide liability for handyman contractors but Utica First Insurance company is one of the few that does. They provide an excellent value for handyman contractors with less than 5 employees.
Utica First is great for Handyman Liability insurance because they allow the various type of work performed and they rate on the number of employees so it makes it easy to keep track and budget your insurance costs. Also for a very modest up charge, they can provide blanket additional insured so you can list all your customers as additional insured without an additional charge each time. The only downside to Utica First is the pesky survey they require for all contractor’s insurance policies. But if you are honest with your broker the survey shouldn’t be an issue, as they just confirm the type of work you perform.
Best Heating, Ventilation, and Air Conditioning Contractors (HVAC) Insurance Company
Heating, Ventilation, and Air-conditioning Contractors HVAC – IF your business installs, repairs or replaces heating ventilation or air conditioning systems.
HVAC Contractors can sometimes struggle to find the right general liability insurance as you perform various types of work. The good news is the Hartford has an excellent policy just for HVAC contractors. They can insure your vehicles, tools, liability, and workers all on a single monthly bill.
Why the Hartford? Stability, Broad Coverage and an affordable premium. Plus the Hartford can scale with your business to up to $15,000,000 in coverage.
Best Home Builders Insurance Company
Home Builders – Typically sub-contract out majority or labor, and build a few custom single family homes per year. Generally, on the higher end of things but not always.
For Connecticut home builders, the best general liability insurance for 2017 would be with ProSight Specialty. They have been insuring home builders for many years. With a unique rating basis on the number of new home starts vs. a typical policy rated on payroll or gross sales, they make it very easy to keep track of your expenses. Plus, they are A-rated and can add hired and non-owned auto. In addition, they can even add an umbrella or XS liability for those tough customers requiring additional limits of liability.
With premiums starting around $5,000 you can’t go wrong with ProSight for your home building business.
Best Landscaping Contractors Insurance Company
Landscape Contractors – lawncare, occasional hardscape, planting and even snow removal for homeowners and small commercial businesses.
IF you operate a landscaping business in Connecticut the best general liability insurance can be had with Main Street America group. Simple broad coverage forms with endorsements for snow removal to keep rates low for those of you that don’t perform snow removal. In addition, MSA can offer commercial auto, workers comp and umbrella coverage to be an all lines insurance carrier so you only have one insurance bill each month.
Best Painting Contractors Insurance Company
Painting Contractors – Interior or exterior painting, primarily residential but some commercial work is acceptable as well.
Finding the right painting insurance is tough, with restrictions on applications and inside vs outside, you don’t want to be left uncovered. Main Street America is there for you. With a broad coverage form and low deductible for property damage you can rest easy.
Best Plumbing Contractors Insurance Company
Plumbing – leaking faucets no more, and frequently the butt of jokes.
If you need to get contractors liability insurance for your plumbing business look no further than Liberty Mutual Insurance Group. Although Liberty advertises for personal insurance primarily they are leading provider of plumbing insurance in Connecticut.
Best Roofing Contractors Insurance Company
Roofing – Shingles, rubber, roll down, and many other roofing materials
If you’re in the roofing business you know it can be a challenge to get affordable and reputable roofing insurance. There are many companies that come and go… but Markell has been providing roofers with contractor’s general liability insurance for years. With policies based on gross sales you can easily factor your insurance cost right into your bid. Additional insured, primary non-contributory and just about any other endorsement you might need can be added onto the basic policy. We can build your roofing business, a custom insurance policy without unnecessary extras.
Best Sheet Metal Contractors Insurance Company
Sheet Metal workers – Typically jobs including decorative or ornamental steel work, or shop type steel work. Non-structural steel.
For Connecticut Sheet Metal contractor’s liability insurance, the best insurance company is Main Street America Group.
Main Street America offers broad coverage forms with blanket additional insured primary non-contributory and waiver of subrogation. In addition, they can provide commercial auto and umbrella insurance to provide a more comprehensive single source insurance company.
Bottom Line
If you are looking for the best insurance company for your construction business we should chat. The above are just suggestions and depending on your unique business the company above might not be the best fit for your particular business.
[inbound_button font_size=”24″ color=”#2ea3f2″ text_color=”#ffffff” icon=”” url=”https://grbminc.com/next-step-3-0/” width=”100%” target=”_self”]Take the Next Step[/inbound_button]
