Contractors Insurance Tampa Florida

Contractors Insurance Tampa Florida – Same Day Coverage.

If you are involved in any type of construction you need Florida Contractors Insurance.

Contractors Insurance Tampa FloridaCall 1-800-998-0662 to receive same day quotes and coverage or use our convenient online rate quote system by clicking any of the links below. (A licensed agent must review your information prior to emailing quotes)

  • Insurance for Roofers Tampa Florida
  • Insurance for Plumbers Tampa
  • Insurance for Landscapers Tampa Fl
  • HVAC Insurance Tampa
  • General Contractors Insurance Tampa
  • Insurance for Pest Control Tampa
  • Insurance for Electricians Tampa
  • Insurance for Handyman Tampa

Florida Law Requires Licensing and Insurance.

As you’re likely aware a contractor’s license is required for most occupations in the state of Florida. However there are some exceptions.

Click on My Florida License to learn what those exemptions are to see if it applies to your business.

To obtain your contractor’s license in the state of Florida click on the below link:

Construction Industry Licensing Board. 

Florida Contractors Insurance Requirements.

Minimum limits for licensing are $300,000 for bodily injury and $50,000 for property damage.

While those limits are the minimum, they likely would not be sufficient in the event of a large claim.

Note the following claim scenario to learn why the minimum limits required by the state of Florida may not be enough:

Stanley Jones owns Jones and Sons Plumbing Contractors. Stanley is 32 years old, not married, but he figures that adding ‘and Sons’ to his company names makes it appear his company is larger and better established than his competitors.

Actually Stanley is a bit directionless and has gone from one career to another and a friend tells Stanley about all the money that can be made in plumbing, so he gives it that old college try, works with another plumbing company for 6 months, gets his business name established and obtains his plumbing license and insurance.

Stanley advertises heavily on Craigslist and he gets jobs from time to time that are simple for him to complete. On a Monday afternoon he receives a telephone call from Bill Bixby, general contractor for Bixby Construction.

He needs a competitive bid for a new high-end 16 unit condominium building that is being built in Clearwater.

Stanley is eager to provide a bid and he under bids the closest contractor by $12,500 and he is awarded the job. The only problem is that Stanley is a one man band and he will need to hire some contractors to help him finish the plumbing job.

He runs Craigslist ads looking for plumbers and he finds a number of them, and he hires 2 subcontractors to help with this large project. Stanley does not check references, does not check if they have insurance, and does not check if they are licensed contractors.

The condominium building is completed 16 months later and as tenants begin to move into the purchased units, a major plumbing defect is detected when a catastrophic water claim occurs that causes more than $500,000 in damages.

Bill Bixby immediately contacts Stanley to file a claim with his insurance company which he quickly does. The insurance company inspects the damages and determines that liability would be covered for the losses and quickly writes a check to the condominium Association for $300,000.

The condominium Association contacts Stanley seeking the additional $200,000.

Stanley doesn’t have $200,000, he has about $25,000 in the bank and all those funds are seized and his accounts are frozen.

Stanley files for bankruptcy protection.

If only Stanley had paid an additional $200 for his contractor’s insurance policy, he would’ve been fully covered for this claim. 

Contractors Insurance Tampa Florida – Call us Today!

Call and speak with a licensed insurance agent Monday through Friday 9 AM to 5:30 PM Monday through Friday. If you find our website after hours click on any of the links below to submit your information to us online.

Agents are standing by seven days per week by using our online request system:

  • Insurance for Roofers Tampa Florida
  • Insurance for Plumbers Tampa
  • Insurance for Landscapers Tampa Fl
  • HVAC Insurance Tampa
  • General Contractors Insurance Tampa
  • Insurance for Pest Control Tampa
  • Insurance for Electricians Tampa
  • Insurance for Handyman Tampa