• Home
  • Get A Quote
  • Customer Service
  • Refer a Friend
  • About Us
  • Location Map
  • Employee Directory
  • Blog
  • Privacy Policy
  • Contact Us
Call Us Speak with an Agent (800)252-6885
Home
  • Home Page
  • Products
    • Home Insurance
    • Car Insurance
    • Business & Commercial
    • Flood Insurance
  • About Us
    • About Us
    • Testimonials
  • Contact Us
    • Contact Us
    • Join our Newsletter
  • Blog
  • Resources
    • Insurance Glossary
    • Important Links
    • Privacy Policy
Homeowners Insurance HOME

We provide Policies to protect your home and personal belongings.

Read More
Flood Insurance FLOOD

Have Peace of mind that you are covered if a flood strikes.

Read More
Auto Insurance AUTO

Coverage for you and your loved ones in the event of an accident.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your needs.

Read More
Boat Insurance BOAT

Protect your personal watercraft with an affordable rate.

Read More
Renters Insurance RENTERS

Get an Insurance policy to protect all of your personal Items.

Read More
Home > Blog > What Type of Insurance Does a 1099 Contractor Need?
WEDNESDAY, FEBRUARY 13, 2013

What Type of Insurance Does a 1099 Contractor Need?

What Type of Insurance Does a 1099 Contractor Need?


1099 contractors need insurance in order to protect their business. In addition to this, certain specific jobs they may wish to bid on have a prerequisite of insurance coverage of different kinds. Some jobs are so rigid about these rules to such an extent that the contractor is not allowed to bid on the projects unless they have the specified coverage. It could be said that the type of coverage a 1099 contractor needs is based on the kind of job he wishes to undertake. Here are some of the most common types of Maryland Contractors insurances that a 1099 contractor might need: 

Coverage for Professional Liability 
This insurance offers coverage in case some disaster occurs. Equipment breakage and injuries occurring on the job site are some of the examples of incidents covered by this scheme. In many cases, it works for the benefit of both the hiring entity and the 1099 contractor. For instance, if a personal injury occurs to someone during the job because of the 1099 contractor, this insurance will help in paying for the medical expenses. 

Disability Insurance 
This type of insurance pays a 1099 contractor a pre-determined weekly wage if the contractor is unable to work because of his disability. This kind of insurance requires a waiting period post the accident that caused disability, after which the contractor would start receiving the benefits. The premiums for this kind of insurance is decided based on many factors like the duration of the waiting period, the percentage of risk involved in the chosen field and the percentage of the actual salary that would be paid every week. 

Commercial Auto Coverage
This kind of insurance protects both the contractor and the hiring entity in case some accident occurs on the job site or during working hours. For instance, if a landscaper contractor meets with an accident when he is commuting to pick up something that is required for the project, the commercial auto coverage will cover the cost and not the client for whom the contractor is working. 

Performance Bond 
This kind of bond ensures that the contractor does the work to the clients’ satisfaction. Otherwise, the bond money would be used to pay for repairs or completion of the project. This kind of coverage works for the benefit of the entity and increases the credibility of the contractor. Undesirable procedures like getting sued for incomplete work or seizing personal property for the damages caused could be avoided when a 1099 contractor invests in this kind of bond.

For more information on Contractors Insurance or to request a free quote give us a call at 1-800-252-6885 or visit our Business  & Commercial Insurance page. 


Want to find out your options for Contractors Insurance?
Give us a Call at 1-800-252-6885
or 


Greene & Associates Insurance provides  Insurance Quotes, Rates and Policies online for Home, Auto and Business Insurance for the entire State of Florida including Lake City Fl, Jacksonville Fl, Gainesville Fl, Alachua Fl, Live Oak Fl, Ft White Fl, Branford Fl, Ocala Fl, Middleburg F, Greene Cove Springs Fl & St Augustine Fl
Posted 12:22 PM

Tags: contractor, insurance, 1099, general liability, bonds, commercial auto, professional liability, business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • home insurance(10)
  • house insurance(8)
  • homeowners insurance(8)
  • (7)
  • insurance(7)
  • florida home insurance(6)
  • car insurance(5)
  • home insurance rates(4)
  • lake city fl(4)
  • quotes(4)
  • auto insurance(4)
  • car insurance quotes(3)
  • insurance lake city fl(3)
  • home insurance quotes(3)
  • florida auto insurance(3)
  • florida homeowners insurance(3)
  • lake city(3)
  • florida(3)
  • hurricane(3)
  • compare car insurance(3)
  • fl(3)
  • florida insurance(2)
  • lake city fl home insurance(2)
  • greene and associates insurance(2)
  • top insurance companies(2)
  • rental property insurance(2)
  • house insurance quotes(2)
  • florida house insurance(2)
  • best insurance companies(2)
  • rental insurance(2)
  • pip(2)
  • insurance claims(2)
  • flood insurance(2)
  • lake city fl auto insurance(2)
  • auto insurance quotes(2)
  • best home insurance(2)
  • lake city insurance(2)
  • health insurance(2)
  • online home insurance(2)
  • home insurance quote(2)
  • auto(2)
  • rental property(2)
  • home insurance prices(2)
  • rates(2)
  • report storm damage(2)
  • homeowners(2)
  • top 10 home insurance companies(2)
  • top 10 insurance companies(2)
  • dwelling(2)
  • investment property(2)

View Mobile Version
Facebook
Twitter
LinkedIn
Google+
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier

Products offered

Home Insurance Auto Insurance Business Insurance Flood Insurance Watercraft Insurance

Company

About Us Learning Center News Staff Home Page

Contact Us

  • Mailing Address
  • 417 SW Baya Ave
  • Lake City, FL 32025
  • P: (800)252-6885
  • F: 386-754-1578
  • E: info@greeneinsurance.com