Month: June 2024

Deciding to work with a contractor to upgrade your home is exciting but can also be nerve-wracking. Specialty contractor insurance is a type of insurance carried by your contractor (not you) to protect your contractor if something goes wrong while your contractor is working on your home. We’re proud to meet your insurance needs at Choice One Insurance Inc., serving Portland, OR. Let’s take a look at what you need to know about specialty contractor insurance. 

What is Specialty Contractor Insurance?

Contractors carry out this type of insurance. Professional liability insurance is one component of specialty contractors insurance (also known as errors and omissions insurance). If you sue your contractor for faulty work or fail to meet your expectations, specialty contractor insurance works to ensure that they can cover the costs and damages associated with your claim. 

Specialty contractor insurance can also cover the builder’s risk, which covers your home during construction. This type of coverage is important in the event of a fire or other unexpected damage to your property. 

If you’re getting ready to get quotes from contractors for property upgrades, it’s wise to ensure that the contractors you’re considering carry specialty contractor insurance. 

Choice One Insurance Inc., Serving Portland, OR

At Choice One Insurance Inc., we’re proud to serve the Portland, OR community. If you’re considering having work done on your home, it’s important that you make sure you’re protected and that you’re choosing a contractor with sufficient insurance coverage. Reach out to us or stop by our office today to get a quote and learn more about specialty contractor insurance.