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Business Insurance for General Contractors in Texas

I plan on starting my own business as a general contractor in Dallas,Texas. What type of insurance do I need to ensure that my new business is properly protected?

As a general contractor, you’ll face many different types of risks on a daily basis. Whether it’s being sued by a customer for an accidental injury, or an employee in an auto accident; not having the correct coverage in place can leave you exposed to losing hundreds of thousands of dollars. Fortunately, by investing in general contractor insurance, you can cover this risk. Let's look at some insurance coverage to consider.

General Liability Insurance

Because accidents do happen, Liability insurance is there to protect your company’s assets and pay for obligations. For example, let’s say someone gets hurt on your property and sues you over the injury; General Liability Insurance can cover your legal expenses and the damages you owe if you lose the lawsuit. General liability insurance can also protect you against any liability as a tenant if you cause damage to a property that you rent, such as by fire or other covered loss. Finally, it can also cover claims of false or misleading advertising, including libel, slander, and copyright infringement.

Business Owner's Policy - BOP

Having the right protection at a good price is music to any business owner’s ears. To help save money on your business insurance you may want to consider a Business Owners Policy. This type of policy bundles two insurance policies together at reduced premiums. The two policies are

  • Property Insurance - for buildings and contents owned by the company.  
  • Liability Protection - which covers your company's legal responsibility for the harm it may cause to others. 


Commercial Auto Insurance 

Let us Imagine your employee calls to tell you that he just got into an accident on his work. As a General Contractor who did his homework, you knew that your personal auto coverage wouldn’t cover a general contractor's vehicle when it is driven for work purposes. So you got Commercial Auto Insurance and now you’re covered for any legal costs and repair expenses you may incur.


Workers' Compensation Insurance

If one of your subcontractors is injured by a falling piece of material or falls ill due to exposure of hazardous materials, your contracting business could be held responsible. Workers Compensation Insurance covers medical costs and lost wages for employees who are injured during a construction project or other work-related tasks. In most states, employers are required to have Workers' Comp. Commercial Property Insurance Commercial Property Insurance covers the building and equipment that your business owns or rents, from

  • Theft
  • Vandalism
  • Fire
  • Covered weather events.


Ready to start your own General Contractor Insurance Quote?


Thumann Agency Inc
12770 Coit Road Suite 110 Dallas, TX 75251 
Phone: (972) 991-9100 | Fax: (972) 690-1733