Project owners and general contractors are now increasingly using COIs as gatekeeping tools rather than as formal ...

Contractor insurance with general liability coverage will cost, on average, $142 per month. Rates can be affected by multiple factors, such as the type of coverage a contractor purchases, the number ...

An insured, bonded contractor offers more financial protection if something goes wrong or someone is injured during construction. It's not enough to rely on the contractor's word that he's got ...

General liability insurance for electrical contractors costs, on average, $48 per month. The total cost of coverage will depend on the type of insurance purchased, the coverage limits selected, the ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

Designed in conjunction with insurance professionals and specifically for construction contractors on the go, Contractor Wallet helps users access insurance rates in real time and manage their ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

When purchasing insurance, contractors have the option to add their clients as “additional insured” parties. Individuals with additional insured status can receive benefits from the insurance company ...