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As a property conservation contractor, you need general liability insurance in place.
Since you primarily work on foreclosed and bank-owned properties, there are many rules and regulations you must follow, one of those is maintaining the proper insurance.
Property Preservation Insurance in Illinois
While many local insurance agents in the Chicago area may offer contractors general liability insurance, the agents at Insured ASAP specialize in property preservation general liability, property, and workers compensation insurance. Our ability to quote with many of the leading insurance carriers in the nation makes us a leader in contractors’ insurance. We provide quotes for multiple types of coverages including the following:
- General Liability Insurance
- Property Insurance
- Commercial Auto Insurance
- Workers Compensation
- Business Umbrella Insurance
- Bonds
- Business Owner’s Policies
- Professional Liability Insurance
While you may need one line of coverage, sometimes a combination of two or more may be necessary for you. Insured ASAP can package multiple coverages on one policy, called BOP (business owners policy) which is usually more affordable.
How Much is Property Preservation Insurance?
Insurance rates for contractors do vary. Typically, insurance companies set premiums by analyzing your specific operations and the risk attached to it. General liability or workers compensation insurance for a framer may be higher than a general liability policy for a painter, for example. Another critical factor is that the city or business you’re working for may ask for higher liability limits than you’ve had to carry in the past.
Who Needs a Property Preservation Insurance Policy?
General contractors, independent contractors, and subcontractors are usually requested to hold a contractor’s insurance policy by various cities, town and county laws, as well as for the businesses they work for.
What is a Certificate of Insurance? (We provide quick turn around on certificates)
A certificate of liability insurance is required from you, as a property preservation contractor, for one reason usually: TO VERIFY YOUR INSURANCE COVERAGE. A certificate of insurance is a one-page document that shows and certifies that your property conservation business has the necessary coverage to perform the job. Certificate holders are listed and notified in the event of a policy change, or cancellation.
How to get a certificate of insurance?
To get a certificate of insurance, you will first have to apply for the coverage. Then you need to sign an application once your insurance quote is received. While other insurance agencies may take up to 5-10 business days to provide you with a certificate, Insured ASAP takes great pride in same-day certificates of liability insurance for property preservation contractors.
Get a Property Preservation Insurance Quote for Your Business.
A property preservation insurance policy with enough limits can help with any concerns you may have and help you do what you do best. Start by looking at the hazards involved in running a property preservation business. An agent at Insured ASAP can help you determine those risks and may be able to provide multiple insurance quotes for the coverage your unique business needs. Call a property preservation insurance expert at (800) 641-7488.
How to get started on your quote
To get started on your quote, call our office or click over to our quotes page. Either way, we’ll make the process simple!
