Contractors Insurance

Contracting companies face countless challenges and exposures to potential serious claims. Nearly 4% of employees in the contracting industry will incur an injury which at minimum requires them to temporarily assume another role while they are recovering. We are there to guide you through the claims process, but perhaps more importantly, there to aid in mitigate the claim before it happens.

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The Situation

An Electrical contractor located in Maryland, with presence also in Virginia an DC, had been a family owned business for more than 30 years. For 20 of those years, they were with the same agent, but were convinced after hearing similar companies successes, to let Bogart & Brownell provide them with quotes.

Photo by Maudib/iStock / Getty Images
Photo by Maudib/iStock / Getty Images

Premium savings

During our 2 meetings (70 total minutes,) we learned that they were satisfied with their current agent for the prior 20 years and considered them close friends. However, they were interested in potential savings as well as a second opinion on coverages. After aggressively shopping their insurance, we were able to net a 32% savings over their prior year premium. This translated into a savings of $258 PER MINUTE.

additional benefits

  • Added Voluntary Property Damage Coverage.

  • Increased Business Income Limits to sufficiently cover their business when needed.

  • Offered telematics program with discounts through their carrier.

  • Provided Risk Management Resources to mitigate losses.