Contractors Insurance in Cary, Greensboro, and Raleigh, NC

Contractors get the job done—but take on a lot of risk while doing it. The Bureau of Labor Statistics reports that about 4% of all workers in the industry suffer injuries or illnesses—and the resulting costs add up. This is compounded by the many other problems that can occur at a given work site. Due to the many risk factors contractors routinely face in their work, good insurance policies become essential to any successful contractor's operation.

You should also consider how you're going to run your business. For example, running it as a Limited Liability Company (LLC) can help insulate you from cost overruns and avoid putting your personal assets at risk if a claim larger than your policy is filed. Our agents can help you determine the likelihood of hazardous situations to your business and how best to prepare for them.

What a Contractors Insurance Package Covers

Contractor's insurance covers problems typically associated with the risks of construction and renovation projects, including risks to your employees, your work site, and anyone or any equipment involved. Most of these policies are a combination of other policies, often including:

  • A Business Owner's Policy
  • General Liability Insurance
  • Worker's Compensation
  • Commercial Vehicle Insurance

From there, what coverage is needed depends on the work that you do. Contractors in different industries often have different insurance needs (and occasionally different requirements, depending on local legislation). Pelnik Insurance can help you determine which forms of insurance are required for your company and ensure that you're never left exposed.

Contractors Equipment Insurance

Getting a job done takes more than human expertise and a keen eye for detail—you need to have the right tools for the job, or it's probably not going to be finished. However, if something goes wrong and your equipment is damaged or destroyed, you stand to lose a lot of money. This is particularly true if your company operates any larger pieces of equipment (bulldozers, etc.), which are sometimes omitted from normal coverage.

Pelnik Insurance's goal is to mitigate your risks as much as possible, and the more we know about your equipment, the better the policy we can offer. On request, we can let you know about how certain pieces of equipment are classified, the associated level of risk, and what kind of reimbursements you can expect if something goes wrong.

Contractor Vehicle Insurance

If you're one of the growing number of contractors who use vehicles during a job—not just to get to and from a worksite—then you may need an additional commercial vehicle policy that covers the vehicle(s) you use.

If you don't use your vehicle for commercial purposes, you may be able to lower your monthly premiums by having this coverage removed from your policy. The choice is ultimately yours, but if you're having trouble deciding, our agents can help you figure out whether or not your use of a given vehicle qualifies as a commercial purpose.

 

1. "About the Specialty Trade Contractors Subsector." U.S. Bureau of Labor Statistics. Accessed April 20, 2016. http://www.bls.gov/iag/tgs/iag238.htm.

2. "Sole Proprietorships vs. LLCs." Nolo.com. Accessed April 28, 2016. http://www.nolo.com/legal-encyclopedia/sole-proprietorships-vs-llcs.html.

3. Utschig, LeRoy. "Contractor's Equipment." Rough Notes. Accessed April 20, 2016. http://www.roughnotes.com/rnmagazine/1997/sept97/09p98.htm.

Our Locations

Triangle Office

100 Ridgeview Drive, Suite 100
Cary, NC 27511
Main office: 919-459-8000

Triad Office

3828 Burlington Road
Greensboro, NC 27405
Main office: 336-621-5057

Our Providers

Testimonials

High caliber, phenomenal customer service!! Expeditious responses from agents and extraordinarily knowledgeable! Accolades to all you folks that work at Pelnik Insurance!! I am very pleased to be a customer!!
Anne S
They provide the best pricing around, but the most important reason to do business with Pelnik Insurance is the professional, kind staff. Claims situations can be difficult, but they made it painless. First Class Agency!!
Jeanette B
I have never had to submit a claim before, but recently had a significant hail damage claim. I was worried about how long it would take to fix and a little lost as to what I needed to do. Pelnik Insurance helped me handle it quickly and very professionally too. Overall, great service from their staff and they were able to save me a significant amount of money on my insurance policies. Thank you!
Alex K
After a less than satisfactory experience with a couple of large, faceless insurance companies, I was referred to Pelnik Insurance. After my first meeting with Chris Pelnik, it was an easy decision to begin consolidating all of my business insurance to his agency. Throughout the 3+ years I have been with Pelnik, I have received outstanding customer service. Because we are frequently asked to provide insurance documentation to our customers, I make a lot of requests of the company. I have even had to file some claims. Every employee I have dealt with has provided immediate personal service. I also appreciate the annual review of my policies which is done in a face-to-face meeting prior to the renewal date of my policies. I highly recommend Pelnik Insurance.
Bruce F
Exceptional customer service and extremely competitive pricing are just some of the few reasons Pelnik Insurance has my business.
Robert T