Save Money on General Contractors Insurance Rates

Keeping your insurance costs under control is always important. But in an economy that's put a strain on construction companies large and small, having the most competitive rates possible for your insurance for general contractors may make a difference in whether or not your company survives.

There are steps you can take to reduce your general contractors insurance premiums. The first step is to review the current coverages and policy limits for your insurance for general contractors in light of your construction company's current economic situation. Once you've know what you need in terms of general contractors insurance, it's time to compare policies and rates from several different companies to see who can offer you the best deals.

Reviewing Your Insurance for General Contractors
Have you sold some major pieces of equipment? You may be able to reduce the policy limits on the business property portion of your general contractors insurance policies. That will cut your general contractors insurance premiums.

Have you had to lay off employees? Although workers compensation is sold separately from other types of insurance for general contractors, your premiums for this coverage can make a big dent in your bottom line. If you've reduced your workforce, see if you're eligible for workers comp premium reductions.

If you're no longer using as many vehicles in your contracting business--trucks or vans or automobiles--make sure that the vehicles that have been retired are no longer listed on your commercial vehicle insurance policies. Removing those vehicles from both the vehicle liability and collision coverages can add a few more dollars to your bottom line.

You'll want to consider your options carefully before cutting back on the general liability portions of your general contractors insurance, however. Construction is still a risky business, and the number of problem areas for which contractors are held responsible--lead paint, pollution, asbestos--seems to grow all the time.

Comparison Shopping for General Contractors Insurance
Once you've assessed your needs in your insurance for general contractors, it's time to make sure that you're getting the best possible prices on your policies. makes the job easy. Simply go to the website, fill out a form about your business insurance needs and will deliver insurance quotes from several of the leading companies in your area. Using will save you time and money on your insurance premiums--and that's a glimmer of good news for any business in these difficult economic times.

See how much you could save today on your insurance. Get your free business insurance quotes today!