Contractors Insurance in Massachusetts

Atlantic Insurance Brokerage, Inc is providing insurance options for Contractors Insurance to businesses in Massachusetts & beyond.

Start Your Quote
Contractors Insurance Massachusetts

Get a Quote for Contractors Insurance in Massachusetts


Contractors Insurance Massachusetts

What is contractors insurance?

Contractors insurance is a comprehensive insurance package designed specifically for businesses in the construction industry. It typically combines several types of coverage into a single policy, offering protection against various liabilities and financial losses that may arise during a project.

What does contractors insurance cover?

The specific coverages offered under contractors insurance may vary depending on your policy and the specific risks associated with your business. However, some common coverage areas include:

  • General Liability: This coverage may protect your business from third-party claims of bodily injury or property damage arising from your operations. For instance, if a neighbor trips on debris from your worksite and sustains injuries, general liability insurance may cover their medical expenses and legal fees.
  • Commercial Auto: If your business utilizes vehicles for transportation of equipment, materials, or workers, commercial auto insurance may be included in your contractors insurance package. This coverage may help pay for repairs or replacement of your vehicles in case of accidents, and may also extend to liability if you cause damage to others’ property while driving.
  • Workers’ Compensation: In Massachusetts, workers’ compensation insurance is mandatory for businesses with at least one employee. This coverage may help pay for medical expenses, lost wages, and rehabilitation costs for employees who are injured on the job.
  • Builders Risk (Contractors All-Risk): This coverage may provide protection for physical structures and materials at the job site against various perils such as fire, theft, vandalism, and weather events. It may also cover delays caused by these events.


Get a Quote

Send us a bit of your information and we’ll be in touch shortly!

“Dan was so knowledgeable and helpful with both my personal insurance and also our commercial policies. Can’t recommend more!! Always nice to be able to pick up the phone and deal with an agent directly.”

D. Wallace

Google Review

What are the additional coverage options for contractors insurance in Massachusetts?

Depending on your specific needs, your contractors insurance policy may offer additional coverage options, such as:

  • Pollution Liability: Accidents happen, and construction projects are not immune. This coverage may kick in if your work activities cause environmental damage, such as a spill or leak contaminating the soil or water. For instance, if a fuel tank on your construction vehicle ruptures, causing soil contamination, pollution liability may help cover the costs of cleanup and remediation.
  • Builders Risk: This provides financial protection for a building or project under construction. It may cover damage caused by fire, theft, vandalism, or even weather events depending on the policy. Imagine a sudden storm damaging the roof of a half-built house. Builders risk may cover the cost of repairs or rebuilding the damaged portion.
  • Inland Marine: Contractors rely heavily on their tools and equipment. Inland marine insurance may cover loss or damage to these items, whether they’re stolen from the job site, become lost during transport, or get destroyed in a fire. If your expensive surveying equipment is stolen from your work truck, inland marine may reimburse you for the replacement cost.
Contractors Insurance Massachusetts

How much does contractors insurance cost in Massachusetts?

The cost of contractors insurance in Massachusetts will vary depending on several factors, including:

  • The type of construction work you perform 
    • Higher Risk = Higher Cost: Work like roofing, electrical, demolition is riskier, so expect higher premiums compared to painting or remodeling.
    • Reasoning: These jobs have a greater chance of accidents or property damage, leading to more claims for the insurer.
  • The size and experience of your company
    • Larger Companies = Potentially Higher Cost: Larger companies with more employees typically have a higher payroll, translating to potentially more workers’ compensation costs.
    • Newer Companies = Potentially Higher Cost: Insurance companies view experience as an indicator of lower risk. New businesses might pay a premium until they establish a track record.
  • Your claims history
    • Clean Record = Lower Cost: A history of accidents or lawsuits may lead to higher premiums. A clean record suggests you manage risk well, potentially earning a discount.
  • Your chosen coverage limits and deductibles
    • Shop Around: may help you get quotes from different insurers to find the best price for your needs.

Tailor Coverage: Don’t just go for the cheapest option. Ensure the policy covers the specific risks associated with your type of work.

  • Permit and License Bonds: Some construction projects in Massachusetts may require you to obtain permit and license bonds. These bonds guarantee that you will comply with all applicable laws and regulations while completing the project. Contractors insurance typically does not cover these bonds, and they may need to be purchased separately.
  • Subcontractor Insurance Requirements: If you hire subcontractors for your projects, it’s crucial to verify they have their own contractors insurance. This protects your business from liability in case of accidents or property damage caused by subcontractors on your worksite.
  • Understanding Your Contractual Obligations: Many construction contracts will specify insurance requirements for the contractor. Carefully review your contracts to ensure your contractors insurance policy meets the minimum coverage amounts and types of coverage outlined in the agreement.
  • Reviewing Your Policy Regularly: The construction industry and your business may evolve over time. It’s important to review your contractor’s insurance policy annually with your agent. This allows you to ensure your coverage remains adequate as your business grows and your risk profile changes.

While contractors insurance offers comprehensive coverage, it’s essential to understand what isn’t included. Here are some common exclusions to be aware of:

  • Intentional acts: The insurance company will not cover any damages caused by deliberate actions taken by you or your employees.
  • Faulty materials: If a project suffers damage due to faulty materials not installed by your company, it typically won’t be covered under contractors insurance.
  • Pollution or environmental damage: Contractors insurance generally excludes coverage for any pollution or environmental damage caused by your work.
  • Warfare or terrorism: Damages resulting from acts of war or terrorism are not covered under standard contractors insurance policies.
Atlantic Insurance Brokerage, Inc

How can businesses get contractors insurance in Massachusetts?

Don’t leave the future of your Massachusetts-based contracting business to chance. Reach out to the agents at Atlantic Insurance Brokerage today for top-notch service and expert guidance on securing the right Contractors Insurance coverage for your needs. Our team is here to support you every step of the way, ensuring you have the peace of mind to focus on growing your business.

Request a Quote!

Don’t navigate insurance alone! Contact our Massachusetts team to find the perfect coverage for your needs.

Request your quote below