Permanent Yard Contractors Insurance
For permanent yard contractors insurance is essential to protect against risks like theft, property damage, and workplace injuries. Without the right coverage, your business could face costly repairs, legal fees, and lost profits from unexpected incidents. Insurance helps secure your equipment, materials, and workers on the yard, keeping your business financially safe.
Choose the right coverage from trusted insurance providers.
Why Insurance Matters for Yard-Based Contractors
If your permanent yard contractors don’t have insurance, you could face unexpected costs like theft or damage to your equipment and materials. For example, if someone vandalizes your construction equipment or steals from your storage yard, you might lose significant profits while paying for replacements.
This is where insurance comes in to protect your business. Without the right coverage, you could even face a lawsuit due to an injury at the yard. Luckily, with Eagle Nation, you can easily compare small business insurance options and get several quotes from top U.S. carriers with just one application. Whether you need to cover your yard or workers, getting started is simple with an easy application online.
What Types of Business Insurance Do Permanent Yard Contractors Need?
Permanent yard contractors need business insurance to protect against risks like injuries, theft, and property damage. These policies cover the common dangers at a permanent yard and ensure that the business stays financially protected.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How Much Does Insurance Cost for Permanent Yard Contractors?
The cost of insurance for permanent yard contractors depends on the size of the storage yard and the type of services offered. Smaller yards are usually cheaper to insure than larger ones.
Factors That Affect Premiums:
- Services offered (e.g., equipment storage or maintenance)
- Business property and equipment
- Business income
- Types of insurance purchased
- Policy limits and deductibles
A construction contractor calculating insurance costs should assess these elements carefully to get the most accurate quote.
How Do I Get Permanent Yard Contractor Insurance?
When I helped a friend get business insurance for his permanent yard, the process was quick because he had all his company details ready, like the number of employees and yearly revenue. With Eagle Nation, it just took one application to get multiple quotes from top-rated U.S. insurers, all visible right on his laptop screen.
Their easy application asked a few simple questions, then we could compare options and pick the right coverage. In just minutes, we paid online and downloaded the certificate. It’s honestly the fastest way for permanent yard contractors to get insured against things like theft, injury, or lawsuit risks, whether you’re a solo worker or manage a team.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
FAQ’s About Permanent Yard Contractors Insurance
Permanent yard contractors should consider a Business Owner’s Policy (BOP), commercial auto insurance, general liability insurance, workers' compensation insurance, and tools and equipment protection. These policies help protect against risks such as theft, injuries, and property damage on the yard.
The cost varies depending on factors like the size of the yard, services offered, business property and equipment, and the types of insurance purchased. Smaller yards generally cost less to insure, while larger yards with more equipment and higher business income may have higher premiums.
To get insurance, you can easily apply through platforms like Eagle Nation. By providing basic details about your business, such as the number of employees and yearly revenue, you can compare quotes from top U.S. insurers and choose the coverage that best suits your needs.
Yes, even as a solo contractor, it’s important to have insurance. Insurance helps protect you from risks such as equipment theft, injury, and lawsuits. It also ensures that you can cover any damages or liabilities that may arise during your work, keeping your business financially secure.
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Eagle Nation made getting Permanent Yard Contractors Insurance super simple. I filled out one application and had quotes in minutes!