What Types of Insurance Does Your Concrete Contractor Need?

May 3, 2021

It takes a lot of hard work and long hours to be successful in the concrete industry, which is why the job isn’t right for everyone. But that’s not all it takes to work as a concrete contractor—you also need to have proper insurance. Keep reading to learn more about what insurance contractors need in Racine, WI.

General liability insurance

All concrete contractors need to carry general liability (GL) insurance. This insurance covers costs of third-party accidents, property damage or injuries to a third party. Failing to have GL insurance can lead to paying out of pocket for these expenses—or even lawsuits in some situations. When you consider the fact that the average claim for damage or customer injury is $30,000, GL insurance is a no-brainer.

Workers’ compensation insurance

The laws regarding workers’ compensation vary from state to state, but contractors in Wisconsin must carry workers’ compensation insurance for all of their full-time and part-time employees. The average work injury costs about $41,000, and this insurance can lift that financial burden from the injured employee and the company. Additionally, workers’ compensation covers lost wages, rehab expenses and death benefits.

Why should you choose a contractor with insurance?

We’ve covered what insurance contractors need in Racine, WI; however, there are still some less-than-reputable contractors out there who work without having proper insurance. When you choose a contractor with insurance, you can rest easy that you won’t be on the hook for any damage that occurs to your property or if any injuries happen on the jobsite.

Additionally, carrying insurance is a sign that the contractor operates a legitimate business and isn’t a scam artist.

What else should you look for in a concrete contractor?

Don’t choose a team just because they have the right insurance for concrete contractors in Racine, WI. Here are a few other things to consider when looking for a concrete contractor:

  • Online reviews: Websites like Angie’s List and Yelp are invaluable resources when it comes to finding quality contractors. Obviously, stay away from the companies with poor reviews, and stick to the contractors with four- and five-star ratings.
  • Experience: When it comes to the concrete industry, the more experience a contractor has, the better. Just because someone’s new to the industry, doesn’t mean they’re necessarily bad, but it’s always a better bet to go with an established contractor with decades of on-the-job experience.
  • Prices: While you don’t want to overpay for concrete services, we don’t recommend going with the cheapest contractor, either. Those cut-rate companies often perform shoddy work. Find a company with reasonably-priced services instead of the bargain deals.

Whether you need a concrete contractor for small residential jobs or large-scale commercial ones, look no further than Langenfeld Masonry & Concrete. In addition to carrying all necessary insurance for concrete contractors in Racine, WI, we have more than a century of industry experience, and we offer free estimates. Contact our team today to schedule a consultation and learn more about what we can do for you.

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