What Type of Insurance Does an Asphalt Contractor Business Need?
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 15
- 2 min read
Operating an asphalt contracting business involves numerous risks, from heavy equipment accidents to property damage and employee injuries. Without proper insurance, a single claim could severely impact your business. Understanding the types of insurance you need ensures compliance, client trust, and financial protection.
This guide explains the essential insurance types for asphalt contractors and how Wexford Insurance can help you secure tailored coverage.
Essential Insurance for Asphalt Contractors
Asphalt contractors typically need a combination of policies to fully protect their business. Key coverages include:
Covers third-party bodily injury and property damage claims that occur on job sites. This is the foundation of any contractor insurance program.
Required in most states for businesses with employees. It covers medical expenses and lost wages if an employee is injured on the job.
Protects vehicles used to transport staff, materials, and equipment, including trucks, trailers, and vans.
Covers claims arising from project mistakes, design errors, or faulty workmanship that result in client losses.
Protects expensive asphalt machinery and tools such as rollers, pavers, compactors, and sealcoating equipment.
Covers offices, storage yards, and warehouses used to store materials, equipment, or vehicles.
Why These Coverages Are Important
Protect Your Finances: Lawsuits, accidents, and equipment loss can be expensive.
Meet Legal Requirements: Most states require workers’ compensation and minimum liability coverage.
Build Client Trust: Many clients and contractors require proof of insurance before hiring.
Ensure Business Continuity: Insurance helps your company recover quickly after a loss or claim.
How to Get the Right Coverage
Evaluate Your Risks: Consider job types, locations, equipment, and employee exposure.
Gather Business Information: Include number of employees, vehicles, equipment, and revenue.
Compare Multiple Carriers: Review limits, exclusions, and policy costs.
Work With a Specialist: Wexford Insurance specializes in contractor insurance and can provide tailored quotes that balance coverage and cost.
👉 Request a customized asphalt contractor insurance quote from Wexford Insurance today to ensure your business is fully protected.
