What Restoration Contractor Business Insurance Covers Explained
- Nate Jones, CPCU, ARM, CLCS, AU
- 3 days ago
- 2 min read
Restoration contractors face unique risks on every project, from water and fire damage restoration to mold remediation and structural repairs. Having the right restoration contractor business insurance is essential to protect your company, employees, and clients. Understanding what this insurance covers ensures you have the proper safeguards in place and reduces potential financial risks.
1. General Liability Insurance
General liability insurance is one of the most important policies for restoration contractors. It protects your business from claims related to:
Property damage caused while working on a client’s property
Bodily injury to clients or third parties
Legal defense costs in case of lawsuits
Many clients require contractors to carry general liability before signing a contract. It also provides peace of mind, knowing that accidental damages during projects won’t jeopardize your business.
2. Workers’ Compensation
Restoration work is physically demanding and can be hazardous. Workers’ compensation insurance covers medical expenses and lost wages if an employee is injured on the job. It also protects your business from legal claims related to workplace injuries. Even small teams benefit from this coverage, especially when working on multi-story properties or with heavy equipment.
3. Commercial Property Insurance
Restoration contractors invest heavily in equipment, vehicles, and tools. Commercial property insurance protects these assets from:
Theft or vandalism
Fire or water damage
Natural disasters like storms or floods
With proper property coverage, your business can quickly recover and continue operations after unexpected losses, avoiding costly delays on projects.
4. Professional Liability
Mistakes or oversights during restoration projects can lead to client disputes. Professional liability insurance, also called errors and omissions insurance, covers:
Claims of negligence or substandard work
Errors in service delivery
Breach of contract disputes
This coverage is especially important for high-value or complex restoration projects where mistakes can be costly.
Why Choose Wexford Insurance
Selecting the right combination of policies can be overwhelming. Wexford Insurance specializes in contractor business insurance and helps restoration companies secure tailored coverage. Our team can guide you through your options and ensure your business is fully protected. Request a restoration contractor insurance quote from Wexford Insurance today.
