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Chicago General Contractor Insurance

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You work hard to build you business, and we support your dream. SMI understands general contracting and can reinforce businesses of all sizes: large, small, and even self-employed. SMI’s construction contractor insurance and construction bid bonds are designed to meet your specifications.

Construction Accidents Happen


A construction site can be a dangerous place for your employees, customers, subcontractors and suppliers. Protect yourself and your business with SMI’s contractor liability insurance, request a quote today. Our contractor liability insurance will cover you in case of:

  • damage to customer’s property
  • misunderstood instructions from the customer
  • lost or stolen materials & tools
  • slips, trips & falls
  • project delays
  • injuries to customers or employees

Many business owners mistakenly believe that the incorporation process (Inc., LLC) completely separates their business from their personal assets. Unfortunately, that is not always the case. SMI’s contractor liability insurance makes sure that you are covered no matter what type of legal entity you have chosen for your business.

There are other risks too, for example expensive tools have a habit of getting lost, damaged or stolen. What if you can’t replace them immediately? There could be costly delays to the job. But with SMI’s tools and equipment coverage , we’ve got you covered.
Also, if you employ any workers – even on a casual basis – you’ll need workers compensation insurance as part of your construction contractor insurance.

Why It’s Important to Have Contractor General Liability Insurance

In the unfortunate event that your business faces a lawsuit, or is held legally responsible for an injury or damage, SMI’s general liability insurance policy that is designed for contractors can prevent a legal suit from turning into a financial disaster . Your SMI construction contractor policy may include:

  • bodily injury coverage
  • property damage coverage
  • products liability coverage
  • contractual liability coverage
  • legal defense costs
  • and more…

Workers Compensation Insurance for Construction Contractors

Workers Compensation Insurance is designed to help general contractor companies pay benefits to employees who are injured on the job. In most states, including Illinois (IL), you are required to carry workers compensation coverage. Even in non-mandatory states it can be a very good idea, particularly if you have many employees or if they are engaged in hazardous activities.

Inland Marine Insurance

Any general contractor who regularly moves expensive materials, equipment, or supplies from one job site to another job site should have some type of inland marine insurance. This way, in the event of an accident, the goods or materials being shipped are protected separately from your auto policy.

Umbrella Policy

SMI’s umbrella insurance policy plugs holes in your existing coverage. It provides additional protection that kicks in when the primary insurance coverage has been exhausted.\

Bonds

Bonds, including construction bid bonds, are commonly used in the construction industry as an assurance between the contractor and the client as well as between a general contractor and his or her subcontractors. SMI Insurance offers:

  • Construction Bid Bonds
  • Payment and Performance Bonds
  • Contract Bonds
  • Subcontractor Bonds
  • License & Permit Bonds
  • and more…

 

Call 877-379-0083 for a free quote or consultation.

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