All contractors or businesses offering general contracting services should have a Contractor Insurance Property package in place. OTC carries insurance for your unique situation.

Your clients will expect you to be adequately insured. It may be the deciding factor in obtaining a particular contract. Are you sure that your insurance program has the proper coverage?

The type of coverage will depend on your particular business. Apart from Commercial General Liability Insurance, there is also Builders' Risk insurance. Coverage for builders' risk begins on the policy effective date (preferably when the build starts) and ends when the work is completed, and the project is ready for use or occupancy.  

Is your business reliant on specialized equipment to complete your work? We can provide additional coverage for equipment breakdown. Optional coverage can also include soft costs coverage. Soft costs include 

1. Interest on money borrowed to finance construction or repair.
2. Real estate and property taxes.
3. Architect, engineering and consultant fees.
4. Legal and accounting fees.
5. Advertising and promotional expenses.
6. Commissions for renegotiation of leases
7. Other expenses, if any, as may be specifically listed elsewhere in this policy.

Other optional coverages are delayed opening/loss of income endorsement and coverage for existing structures on renovation projects. Additional endorsements available are for earthquakes and floods, among others.  

Contact us at OTC insurance to obtain the peace of mind that comes with having suitable insurance. Our team members will be able to assist you in finding the appropriate coverage just for you and your requirements.