Contractors

Contractors work in a world where a single bad decision can lead to financial ruin. Downtime, loss of equipment or injured employees can destroy your business. Equipment hazards, unsafe work conditions or environments and often the use of transient labor make the risk of running a contracting business a difficult task. But, for those who know their trade and recognize and control the risks will prosper. Recognizing and controlling risks is call risk management.

Risk management is when you identify the risks involved in your business, find ways to control or reduce those risks then either transfer or eliminate the risks you cannot afford. An example would be buying a piece of heavy equipment: the cost to replace or repair the equipment, taxes and loan on the equipment, training an employee to operate the equipment and injury or property damage to others caused by the equipment are all risks to equipment ownership and operations. Risk is not bad, you just have to know that a risk exists and what to do to reduce the risk.

“You should receive more than just a quote.
You should also receive advice and guidance on
how best to protect your business.”

As a contractor, you have to keep up with a lot of information and must know that the many risks that threaten their business are identified and controlled. This is where your insurance agent becomes your partner. Just as you use an accountant to identify and control the risk of properly filing taxes, you should use your agent as a professional in risk management. Your agent should know your business and be able to offer solutions to the risks that threaten your business. You should receive more than just a quote. You should also receive advice and guidance on how best to protect your business.

Obtaining an insurance policy is the last step. First we learned about your business and suggest ways to reduce or remove risks. Then, for those risks that remain, we shop your coverage requirements through several different insurance companies to assure you receive the best price.  Contact Conner Agency today and get more than just a policy.

 agent@connerinsurance.com