Jobs in the masonry industry include masonry contracting using bricks, block or concrete; pointing, cleaning and caulking; stucco contracting; stone contracting; and working with other materials such as slate, marble and granite. As an independent contractor or a business owner in this field, it is important that you protect your business assets by investing in a comprehensive masonry insurance portfolio. Working with an independent insurance agent can ensure that you do not have any significant gaps in your coverage.
Liability insurance is required in some states before you can receive state licensure. Without it, you will not be able to work legally. Also, you can expect that anyone who hires you to do masonry contracting work will ask you to provide them with proof that you carry general liability insurance coverage.
Liability insurance can shield your masonry business from overwhelming financial losses in the event of a lawsuit by covering legal defense fees, court costs and financial damages. However, it is necessary that you have the right types of coverage. Your independent insurance agent will likely talk to you about the following:
Masonry work has a high risk for job-related injuries. Masons can suffer musculoskeletal strain from heavy lifting; they can be injured in slip-and-fall accidents on the job site, sometimes from dangerous heights; they can suffer puncture wounds and cuts that require medical attention; or they can succumb to a host of other work-related hazards. This is why workers compensation insurance is so important. It protects your business from liability lawsuits by paying for necessary medical expenses and covering lost wages. In the case of fatal injuries, this insurance can also pay survivor benefits to the worker’s family.
Most states mandate that employers carry workers' compensation insurance; but even if your masonry contracting firm is located in a state that does not, those who hire you will probably require that you provide proof of coverage. The general contractor or building owner who hires you may ask you have your insurance company provide them with a waiver of subrogation. This guarantees that the insurance company will not try to recoup losses stemming from workplace injuries by suing them.
Of course, your workers’ safety is your top concern. Independent insurance agents who are experienced with construction-type business policies can recommend workers' compensation insurance companies that can serve as wonderful resources for safety protocols and information.
If you keep a storefront or a central location where you display sample materials and handle administrative paperwork, you can protect the property kept there through a standard business personal property policy. However, you will need different kinds of insurance to protect your property, including building materials, tools and machinery, while you are out on the job site. You can get this coverage in one of two ways:
You may also want to speak with your independent agent about extra expense insurance. This type of policy can provide compensation for expenses incurred if your storefront or central office is damaged by a covered event and you need to rent temporary office space while repairs are made.
When you are ready to shop for masonry insurance, you can contact an independent agent in the Trusted Choice® network. These agents are available to answer your insurance-related questions and can help you determine which coverage types are right for your business. They can also help you save money by shopping around for suitable coverage at a competitive rate. Find a Trusted Choice agent with an office near you, and schedule an obligation-free appointment to learn more about masonry insurance and the many ways working with an independent insurance agent can benefit you and your business.