Contractors Insurance No Comments

The Benefits of Roofers Insurance

Roofing is one of the more methodical jobs in the contracting world, but it is also one of the most dangerous. A study of fatal construction falls from 1992 to 2009 found that a third of all the incidents happened while atop a roof. Time magazine even revealed that roofing is the fourth most dangerous job in the country, with 40.5 deaths per 100,000 workers.

Aside from occupational hazards, roofing is a job with little room for error. Every procedure must be done consistently so that the home or building will be properly protected from the elements. Even a single misplaced screw can cause a leak that leads to water intrusion and full-blown structural damage.

For reasons like these, having insurance while operating on the job is a necessity. Read more

Contractors Insurance No Comments

Benefits of Artisan Contractors Insurance

Casual or artisan contractors include such professionals as plumbers, electricians, roofers, carpenters and the like. These are men and women who work in the skilled trades as experts in a particular area. These people have specialized insurance requirements and need coverage that is different than most 1099 employees.

This coverage involves tools and gear that are heavily used and moved about and are not addressed by normal policies. In general, artisan contractors insurance comes in the form of a Business Owner’s Policy, or BOP. Most businesses with whom you contract will not offer coverage for you, so it is important to have your own.

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Collin McGorty No Comments

Why Contracting Businesses Should Offer Health Benefits

All Contracting Businesses Should Offer Health Benefits.

All Contracting Businesses Should Offer Health Benefits.

If the HR person for your contracting business would like to recruit the best of the best, they must consider offering quality health benefits.  Many potential employees, who are worthy of working for your company, will most likely be receiving multiple job offers.  Some of those vying for your opportunity might make their decision based on salary or location, but time and time again, it is those companies which offer comprehensive health care which most often recruit the best workers.

While Employer health insurance requirements vary state to state, typically, group health care plans purchased by the employer have lower premiums due to the volume at which coverage plans are purchased.  Additionally, a majority of workers are healthy and few statistically ever file a claim for expensive health care.  Traditionally, the employer pays 85% of the premiums while the employee covers the rest.

The idea of paying up to 85% of the insurance premium initially seems steep.  The cost can add up if you have a large number of employees but making a decision like this should be thought of as an investment because it makes employees feel happy and secure.  By offering health care to your employees, your contracting business will thrive by attracting more qualified workers as well as retain them after the hiring process is done.  It will also save you money in the long run by minimizing the cost of training new hires.  Even if your contracting corporation happens to be a small one, offering health benefits can be the make or break for each new employee you take on.

Whether you are just starting out in your business, or have been running for decades, it might be time to consider a new health care plan for your employees.  Providing coverage will increase morale and productivity in the short term and profits in the long run.  If you are unsure of where to start, contact us today with any questions you may have.