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Build a customized policy that addresses the unique risks your paving contractor business faces.
As a residential paving contractor of driveways and parking lots, your job is hard work — from levelling and transporting to mixing and laying concrete. With this type of work, you’re responsible for handling heavy equipment and hazardous materials on your clients’ properties. But what happens if your operations are responsible for causing your customer to suffer property damage or even a bodily injury? What if the pavement isn’t levelled correctly, and causes someone to trip and hurt themselves? Are you covered if you face a lawsuit?
A paving contractor insurance policy is designed to protect your business against the unique risks you face, including accidents, stolen equipment, and third-party damages.
Not sure if your profession will qualify for insurance? There are many titles that fall under the paving contractor umbrella, including the following:
As a paving contractor, you want to protect yourself and your business from the unexpected, and if you’re not protected, you run the risk of financial loss or even bankruptcy. While having insurance in place will give your potential clients peace of mind, there may be situations where you are required to provide proof of insurance before you can even start a new job.
One way to protect your bottom line is to mitigate unexpected losses with an insurance policy that considers the unique risks you face as a paving contractor.
What if someone injures themselves on your job site?
While you may take extra care to ensure your job site is tidy and clear of debris, all it takes is a slip, trip, or fall for someone to make a claim against you.
What if your clients’ sensitive data is breached?
As a contractor, you may have access to privileged client information, such as credit card numbers. But if that information is compromised, you may be held liable.
What if your negligence results in a lawsuit?
If a client alleges that you didn’t fulfill your duty of care responsibilities — or if a faulty paving job causes an injury or property damage — you could be sued for negligence.
What if your tools or equipment are stolen or damaged?
Paving contractors are always on the move, working at different job sites. Theft or vandalism could result in loss or damage to your tools or equipment.
Having a comprehensive insurance policy doesn’t have to be complicated. The following coverages may be the most beneficial for your business’ unique needs.
Commercial general liability coverage is essential for any contractor or subcontractor, including paving contractors. It’s designed to help protect business owners when they’re found legally liable for bodily injury or property damage to a third party.
Even if your job takes you on the road, you still could have a workspace for storing tools and equipment. Commercial property insurance can help protect your equipment, furniture, computers, and supplies within your workspace, against loss or damage from things like burglary, theft, vandalism, and fire.
As a paving contractor, you rely on tools, equipment, and building materials to get the job done. While most commercial property insurance policies protect your workspace and its contents, they may not cover you for the sudden, accidental breakdown of your equipment. Equipment breakdown insurance can help you recover the costs of replacing tools and equipment if the unexpected happens.
As a paving contractor, you may assume that your business won’t be the target of hackers. But cybercrime is on the rise — and 43 per cent of all cyberattacks target small businesses, which typically don’t have sophisticated cybersecurity precautions in place. If your business gets hacked, cyber risk and data breach coverage can help with data recovery expenses due to malware or extortion expenses as a result of ransomware.
Commercial auto insurance can help protect commercial vehicles you use in the operation of your business, whether they’re driven by you or by your employees.
Every business is different, and some businesses need more coverage than others. The cost of insuring your paving contractor company depends on a variety of factors, including:
To get started on finding out how much it will cost to protect your contracting business, start building your customized quote today.
We’re as flexible as you need us to be.
We’re always open for you. With around-the-clock claims support by phone and online, we make settling claims fast, simple, and stress-free.
Pay for your policy all at once or in convenient monthly installments. We also offer 0% interest and we’ll even accept payment by credit card.
If you need to update your coverage at any point during your term, give us a call and we’ll walk you through the process. You can also cancel your policy at any time with no early termination fees.
There’s more to your TruShield policy than meets the eye. Here are a few other ways we’re here to support you, so you can focus on doing your best work for clients.
Every TruShield customer has access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces and how to prevent loss.
Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a loss.
Legal Assist provides you access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.
* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.
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