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Property Preservation Contractor Insurance

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Property Preservation Insurance Quotes

  Additional Insured Included:   YES
  Free Certificates:   YES
  Payment Options:   YES     (Pay in Full OR Payment Plans)
  Low Down Payments:   YES     (Flexible Payment Options)
  Coverage Limit Minimum:   $2,000,000 / $2,000,000 / $1,000,000

As a property preservation contractor, you have the important task of preventing buildings from falling into disrepair. Property Preservation is a vital service for any community, because it protects surrounding home values and safeguards important assets for local financial institutions.

As a property preservation contractor, it's a sure thing that every client you work for will tell you that you need commercial General Liability and Errors and Omissions coverages before you begin work.  Many, if not most, REO asset management companies and banks may let you start working for them if you have the General Liability policy, and they will give you 30 or 60 days from the beginning of your work to get the Errors and Omissions policy.

Commercial General Liability insurance should include personal injury and advertising injury protection as well as care, custody, and control coverage. Errors and Omissions insurance should cover you for work including trash outs, removing and securing contents of vacant property, minor repair and maintenance work, winterization when applicable, lawn care, and changing locks.

Additionally, Workers' Compensation insurance is also a must-have coverage. In states where it is not mandatory that you cover your independent contractors -- the ones you issue 1099s to -- you might think it would be easier to let them shoulder the burden for their own Workers' Compensation insurance, but in actuality, requiring that they do so is going to narrow the employment field substantially. That being the case, you are going to run into trouble when you need to put together a team in a hurry.

You will probably want to ask your insurance carrier if they offer "pay as you go" Workers' Compensation policies, where your Workers' Compensation premiums are calculated using your actual payroll numbers rather than a fixed or estimated number of insured people.

You will want to look into what other types of insurance you need, such as Commercial Auto, unemployment, and health insurances. Be sure to check with your state and local city to find out about any requirements they have with regard to insurance coverages for property preservation contractors.

Our mission is to help medium and small businesses manage risk by finding business insurance quotes at a reasonable price. Let us help keep your mind at ease.

You can get competitive insurance quotes for your property preservation contracting business by entering zip code into the blue box above and hitting the button that says "Let's Start".