Complete Our General Contractors Insurance Quote Form
We receive calls for Minnesota general contractors’ insurance every day. Insurance companies consider a general contractor to be a business that sub-contracts 25-35% or more of their business out to others. Many contractors think a general contractor is a company that does multiple things. This is also correct, but more so with larger general contractors.
So, a Minnesota general contractor looking for general liability insurance should really carry limits of coverage of $1,000,000/$2,000,000 or more. This is not a lot of money these days and your subcontractors should be carrying these limits too. The first number is the occurrence limit. That means the maximum amount paid per claim. The other number is the aggregate limit, meaning the insurance company’s maximum amount will pay per policy year or term.
There may also be a property damage deductible you should consider when purchasing this type of insurance. Common property damage deductibles are $1,000 – $2,500 for small to medium-sized Minnesota contractors. For a more detailed definition, click here: General Liability Insurance
Minnesota paper contractors and home builders would normally be considered general contractors too. Many types of contractors can be general contractors. Masons, concrete, drywall, electricians, HVAC, sheet metal workers, bricklayers, painters, tile setters, carpenters, roofing, framers, plumbers, and cabinetmakers.
This higher percentage of work sub-contracted out would make you ineligible for many small MN contracting insurance programs. Rates tend higher for general contractors because you give up control, and projects are larger. Protect your assets and do business with us. Read our Bio, then request your quote. Just complete our short for to the right, and we will rush a quote back to you. If you prefer, give us a call at 952-222-8073. You will receive the same lightening service and low rates. Let’s do business!
