Contractors who are hiring additional workers this year are encouraged to learn more about their workers compensation insurance options. Depending on the size and nature of a contractors business, certain policy options are more appropriate than others.
Spring, Texas (PRWEB) February 10, 2014
According to Dallas Morning News, the construction industry in Texas is forecasted to continue to grow throughout 2014. This boost in the industry is expected to cause contractors to increase their workforce by hiring more workers in order to meet the expected demand. These shifts in the industry will also require contractors across Texas to reevaluate their contractors insurance and workers compensation insurance needs. U.S. Insurance Source of Texas would like to offer the following pieces of advice about these types of insurance coverages:
- Make sure that all contractors’ insurance policies are reviewed annually. Since businesses can change significantly over the course of a year, some of these changes can result in the need for an updated insurance package.
- Contractors who are hiring additional workers this year are encouraged to learn more about their workers compensation insurance options. Depending on the size and nature of a contractors business, certain policy options are more appropriate than others. Furthermore, contractors who did not previously employ other workers may not realize the benefits of a comprehensive workers compensation insurance package. Businesses owners should learn more about this type of protection before hiring more employees.
- Standard business insurance policies will most likely not provide the adequate level of liability protection that is offered through a Business Owner’s Policy designed specifically for contractors. Coverage such as builders risk insurance provides extra liability protection that some contractors may need.
For more information about these insurance options, as well as a contractor’s insurance package and builders risk insurance that is specifically customized for each unique business, contractors across Texas are encouraged to contact U.S. Insurance Source’s office at 800-401-8242. The agency would also like to offer insurance claim tips for contractors across Texas.
About U.S. Insurance Source:
U.S. Insurance Source has been providing insurance solutions to Texas individuals, families, and businesses for more than 20 years. The agency focuses on using innovative processes in order to better serve their clients, and making sure that each one’s individual insurance needs are properly met. From standard personal and business insurance to insurance for businesses in more specific industries, such as trucking insurance, U.S. Insurance Source strives to fulfill all of their clients’ insurance needs, no matter where in the country they are located.