Understanding Contractor’s Insurance
Erie Insurance developed an insurance policy specifically designed for the small contractor. Erie’s Fivestar for Contractors Policy is designed for contractors and subcontractor with 10 or less employees and is based on number of employees and not payroll.
This policy offers general liability for contractors but can also provide tool coverage, installation coverage, voluntary property damage coverage, contractors equipment coverage and other important endorsements for contractors. These coverages are not standard but can be added for extra premium at not a lot of extra cost. Erie also offers a Contractor’s Enhancement Endorsement that includes several of these coverages in one endorsement.
- Tool Coverage – The Tool Coverage forms are designed to provide coverage for portable hand tools, both powered and non-powered used on and off premises by those in construction, service, and machinery maintenance trades.