Protect Your Construction Business with Contractors’ Insurance

If you're a general contractor, builder, or trade professional, you know the construction industry is full of potential risks, both on and off the job site. Having the right contractors’ insurance is crucial to protect your business from costly claims, delays, and unexpected setbacks.

At The Arnold Insurance Agency, we specialize in commercial insurance for contractors and construction companies. We understand the unique exposures in your industry and provide custom insurance solutions that help you stay protected and competitive.

What Is Contractors’ Insurance?

Contractors’ insurance is a combination of policies designed to protect construction businesses from a range of job-site and business risks. These policies can cover everything from workplace injuries and property damage to equipment loss and legal liability.

Whether you’re a general contractor, subcontractor, or construction company owner, having tailored insurance is not only smart—it’s often required by law or contract.

Common Risks Faced by Contractors and Construction Businesses

Operating in the construction industry means dealing with complex, high-risk environments. Some of the most common exposures include:

• Injuries on the jobsite (falls, machinery accidents)

• Damage to client property

• Theft of tools and equipment

• Project delays and contract disputes

• Pollution or hazardous material liability

Without the right insurance coverage, a single incident can jeopardize your entire business.

Essential Insurance Coverages for Contractors

Here are the key types of contractor insurance coverage every construction business should consider:

1. General Liability Insurance for Contractors

Protects against third-party bodily injury, property damage, and completed operations liability.

2. Workers’ Compensation Insurance

Covers medical expenses and lost wages for employees injured on the job. Required in most states.

3. Commercial Auto Insurance

Insures vehicles used for business, including trucks, vans, and trailers.

4. Contractor’s Equipment Insurance

Covers loss or damage to tools, machinery, and equipment, whether on-site or in transit.

5. Builders’ Risk Insurance

Provides coverage for buildings under construction, including materials and temporary structures.

6. Professional Liability Insurance (Errors & Omissions)

Ideal for contractors who provide design or consulting services. Protects against claims of negligence or errors.

7. Surety Bonds for Contractors

Guarantees your obligations to project owners, helping you win bids and stay compliant with regulations.

Why Choose a Commercial Insurance Agency That Specializes in Construction?

Working with an agency that understands contractors and construction insurance makes a difference. Here's why businesses choose The Arnold Insurance Agency:

• ✅ Construction Industry Expertise
  We speak your language and understand your day-to-day challenges.

• ✅ Customized Coverage Plans
  We tailor insurance to your trade, project types, and risk profile.

• ✅ Access to Top-Rated Carriers
  We partner with trusted insurance providers specializing in the construction sector.

• ✅ Fast Certificates & Claims Support
  Get the documentation you need quickly, and rely on us when it matters most.

Build a Stronger Business with the Right Contractors’ Insurance

Your business is built on strong foundations. Shouldn’t your insurance be the same? At The Arnold Insurance Agency, we help contractors, subcontractors, and construction professionals find affordable, reliable, and comprehensive insurance solutions.

📞 Contact us today for a free coverage review or quote. Let’s make sure your business is protected on every job and every site.

The 10 Things Every New Homeowner in Ohio Should Know About Insurance

Ohio homeowners face many responsibilities, and one of the most important is making sure their property is adequately protected. Your home will most likely be the most expensive thing you own, and while homeowners insurance is a legal requirement, it also provides peace of mind for your investment. However, navigating the complexities of insurance policies can be tricky. Here are the 10 essential things every Ohio homeowner needs to know about home insurance to make the best choices.

1. Understanding Basic Coverage Types

Homeowner insurance typically covers four main areas:

• Dwelling protection: Covers the structure of your home.

• Personal property coverage: Protects your belongings in case of theft or damage.

• Liability coverage: Offers protection if someone is injured on your property.

• Additional living expenses: Covers costs if you need to live elsewhere while your home is being repaired.

Each type of coverage has limits, and it’s important to ensure these limits meet your needs.

2. Ohio’s Common Perils

Ohio homes face a variety of potential risks, including severe weather such as tornadoes, flooding, and winter storms. Standard homeowners insurance policies generally cover wind damage but do not include coverage for floods. If you live in a flood-prone area, consider purchasing separate flood insurance.

3. Flood Insurance Isn’t Included

Ohio, with its proximity to rivers and lakes, can be susceptible to flooding, especially in areas near Lake Erie. Many homeowners assume their standard insurance policy covers floods, but it doesn’t. You’ll need to purchase a separate flood insurance policy, especially if you live in a designated flood zone.

4. Tornado Coverage

Ohio lies in Tornado Alley, and while tornadoes aren't frequent, we saw in 2024 they do happen. Standard policies typically cover windstorm damage, including tornadoes. However, it’s critical to verify that your policy includes sufficient coverage for the full value of your home, as rebuilding costs can escalate.

5. Replacement Cost vs. Actual Cash Value

When insuring your home, it’s important to understand the difference between replacement cost and actual cash value coverage:

• Replacement cost pays the amount necessary to repair or replace your home without factoring in depreciation.

• Actual cash value covers the cost minus depreciation, which may not be enough to fully rebuild or replace items.

Replacement cost coverage typically offers better protection but comes with higher premiums.

6. Deductibles and Premiums

Your deductible is the amount you’ll pay out of pocket before your insurance kicks in. Ohio homeowners can often adjust deductibles to manage premium costs. You will need to find balance between the two because even though a higher deductible usually results in a lower premium it’s essential to ensure the deductible is affordable to you in the event of a claim.

7. The Importance of Personal Liability Coverage

Liability insurance protects you financially if someone is injured on your property or if you accidentally cause damage to someone else's property. Ohio homeowners should ensure their policies include sufficient liability coverage, as medical and legal expenses can quickly add up. Many experts recommend at least $300,000 in liability coverage.

8. Home Improvements May Impact Your Insurance

Certain upgrades to your home, such as installing a new roof, replacing plumbing, or upgrading your electrical system, can reduce your premiums. Conversely, adding a swimming pool, trampoline, or wood-burning stove can increase risk factors and lead to higher premiums.

9. Home Inventory

One of the best ways to ensure your personal property is protected is to create a home inventory list. Document all your belongings, including furniture, electronics, appliances, and personal valuables. This can simplify the claims process if you experience theft or damage. A well-documented inventory helps ensure you are compensated fairly.

10. Review and Update Your Policy Regularly

It’s essential to review your homeowner’s insurance policy at least once a year. Life changes, home improvements, or updates to Ohio’s insurance regulations can impact your coverage needs. If the value of your home or belongings increases, you may need to adjust your policy limits. Also, check if you qualify for any discounts, such as bundling home and auto insurance.

Conclusion

Having the right homeowners insurance in Ohio ensures you’re protected from the unique risks that come with owning property in the state. Understanding the nuances of your policy, including coverage limits, deductibles, and exclusions, is key to ensuring your investment—and your peace of mind—is secure. With these 10 essential tips, you can make informed decisions about your insurance needs and keep your home safe.