Heat, Storms and Hazards: How Contractors Insurance Covers You in a New Jersey Summer

Summers in Keyport, NJ can be busy times for contractors. While the warm weather and long days may offer extra time to complete projects, you may also need to account for unique risks and concerns on a daily basis. At Colonial Insurance Agency, our experienced and dedicated team can help local contractors understand these factors and how the right insurance package might address them.

What Is Contractors Insurance?

You should first understand that contractors insurance does not typically refer to a single type of policy. Instead, you’ll often need to build your own insurance package consisting of various coverages and several policies. Once assembled, your contractors insurance portfolio can address many potential incidents and losses, including those particularly relevant during the summer.

How Can My Coverage Address Summer-related Concerns?

Summer may involve hot and humid conditions, volatile weather, heavy traffic and various other concerns. Consider the following possible concerns and how the right insurance may account for potential losses:

• Heat—Summer’s high temperatures and plentiful sunlight can be pleasant at times, but may also put you and your employees in danger. Workers’ compensation insurance can help manage losses and expenses if staff should suffer from a heat-related illness. Additionally, commercial property insurance, inland marine insurance and builders risk insurance may be necessary to replace or repair equipment damaged due to high temperatures.
• Storms—Commercial property insurance, inland marine insurance and builders risk insurance may cover losses arising from many weather-related perils. However, you may need to account for certain exceptions. For example, wind-related damage may not always be covered in coastal areas and floods are generally excluded from standard policies.
• Traffic—As tourists and travelers cruise up and down the coast and locals head for beaches or other attractions, you may need to navigate heavy traffic. Make sure your commercial auto insurance is up to the task. Even if you’re using a personal vehicle, as long as you’re conducting business-related tasks, you’ll often need a commercial policy.

We’re Here to Help

Contact Colonial Insurance Agency today for help planning your insurance during a busy summer in Keyport, NJ.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.