Contractors
Bonding expertise for contractors.
Bonds keep the wheels of today’s construction turning, and Bowers Insurance has the experience and expertise to secure bonding and construction insurance for contractors of any size—from an individual carpet installer to large general contractors.
The unique, personalized nature of bonding requires a thorough knowledge of the process, and Bowers walks you through with full assurance of confidentiality and legal compliance. We offer you all the services to get the job, including:
- Fast turnaround. Usually in 24 hours
- Confidentiality. 100% assurance of financial information confidentiality
- Pricing assurance and cost-effective rates
- Subcontractor background checks, including performance record and financial stability
- Document reviews, including review of contracts, joint ventures, and buy-sell agreements to ensure provisions are consistent with bonding requirements
Insuring Subcontractors
The “additional insured” requirement for liability
coverage makes it essential for general contractors that
all subs be properly insured. Bowers Insurance helps you
in dealing with this issue so you are not named in a lawsuit
involving an uninsured or inadequately insured subcontractor.
Workers Compensation
Workers’ Comp deserves serious attention. It’s
complicated and mistakes can cost you money. We specialize
in making sure you pay only what’s required and no
more. We also follow up to make sure your subs have proper
Workers’ Comp coverage. If they don’t, payrolls
of their employees working on your jobs can be added to your
census at the next audit. We help you get Workers’ Comp
right.
Liability Coverage for Residential Contractors and Subcontractors
Obtaining liability coverage for residential contractors
and subcontractors continues to be difficult. Some insurance
companies have withdrawn from the market because of mold
and construction defects claims, while others are limiting
their business. Bowers Insurance has markets and is able
to write accounts. We can also guide you in the steps necessary
to position your business properly before completing an
insurance application.
