Contractor Insurance in Missouri & Arkansas

Working alone does not eliminate the risk of damaging a customer’s property, causing an injury, or losing expensive tools. Self-employed contractors may need general liability, tools and equipment coverage, commercial auto, and other protection based on their work. Clients and general contractors may also require proof of insurance before you can start a job.

An LLC does not replace insurance. Your business can still face lawsuits, property damage claims, and other losses. Insurance helps protect business assets and provides defense for covered claims, while an LLC serves a separate legal purpose.

General liability may cover resulting bodily injury or damage to other property, subject to policy terms. It generally is not a warranty for your work and may exclude the cost of correcting the defective work itself. Contractors errors and omissions or professional liability coverage may address certain gaps, depending on the policy.

Products-completed operations coverage within general liability may respond to covered injury or property damage arising from completed work. Coverage depends on the circumstances, exclusions, and applicable policy period. Keep your agent informed if you close your business or discontinue coverage, because claims can arise after a project is finished.

General liability generally does not cover loss or damage to your own tools. Contractors typically need tools and equipment coverage, often written as inland marine insurance, for covered theft or damage.

It may, depending on your policy. Coverage can depend on where the tools were stored, security requirements, theft exclusions, deductibles, and item limits. Review these details before assuming everything in your truck or trailer is insured.

That depends on the vehicle, how it is used, who drives it, and your policy’s terms. Some business use may be permitted under a personal policy, while other operations require commercial auto insurance. Tell your agent about employee drivers, equipment hauling, trailers, and ownership so the vehicle can be insured appropriately.

Requirements depend on your state, business structure, and operations. A general contractor may also require proof of workers’ compensation even when you work alone. If you want protection for your own work-related injuries, confirm that you are included in the policy; purchasing a policy does not automatically mean the owner is covered.

Do not assume your policy insures a subcontractor or their work. Your policy may respond to certain claims against your business arising from subcontracted work, but exclusions and subcontractor requirements can apply. Request proof of their insurance and discuss your arrangements with MBG Insurance before work begins.

A certificate holder receives proof of insurance. An additional insured receives specified protection under a policy, usually through an endorsement. Listing someone as a certificate holder does not automatically make them an additional insured.

Some contractor policies use estimated payroll, revenue, or subcontractor costs to calculate the initial premium. An audit compares those estimates with actual figures. Higher activity or missing subcontractor insurance documentation may result in additional premium; lower activity may result in an adjustment, subject to policy terms and minimum premiums.

We typically need a description of your work, years of experience, estimated annual revenue and payroll, employee count, subcontractor use, and claims history. Vehicle details, tool and equipment values, current policies, and contract insurance requirements also help us compare appropriate options.

We typically need a description of your work, years of experience, estimated annual revenue and payroll, employee count, subcontractor use, and claims history. Vehicle details, tool and equipment values, current policies, and contract insurance requirements also help us compare appropriate options.