The answer to contractors' business insurance needs.
Contractors Advantage contains valuable coverage and features for various contracting trades. And, as an added benefit, it offers special optional coverages to address the specific needs of your business.
Farm Family's Contractors Advantage policy includes coverage for your buildings, permanently installed equipment, outdoor fixtures (including signs) and business personal property.
Other coverages include:
- Newly acquired property.
- Property in transit or temporarily off premises.
- Valuable papers and records, including electronic or magnetic media.
- Money and securities on or off premises.
- Tools, equipment and building materials, whether on or off premises or in transit.
- Property of others while in your care, custody or control.
Loss Of Income
Your business income is paid, up to twelve months, when your business is interrupted by an insured peril. Contractors Advantage also pays for certain extra expenses needed to resume normal business operations.
Liability coverage is valuable protection in the event of suit, due to a negligent act in the course of your business. This important protection is an automatic feature of Contractors Advantage, and is available in various amounts to serve your needs.
The following items are included:
- Premises and Operations
- Products/Completed Operations
- Personal Injury
- Advertising Injury
- Fire Legal Liability
In addition to the coverages outlined here, you will also benefit from an array of special features found in Contractors Advantage:
Replacement Cost Coverage.
Pays the cost of replacing your buildings or business personal property with materials of like kind and quality at current prices. Coverage on an actual cash value basis is optional.
Automatic Increase in Insurance.
Prevents inflation from devaluing your insurance protection by automatically increasing the amount of coverage on your buildings each year. A choice of percentages is available on an optional basis.
Peak Season Coverage.
Increases your limit for business personal property automatically -- a valuable feature if your inventory fluctuates seasonally.
Allows you to choose higher deductibles if you want to benefit from possible additional savings.
Lowers your payments with credits for qualified security systems.
Spreads out your premium payments to free up capital for current business needs.
Tools and Equipment
Can increase coverage up to $100,000 ( $10,000 per item) on blanket basis or schedule some or all items.
Depending on your exact business needs, you may want to include some of the following coverages in your policy:
- Hired and Non-owned Auto
- Mechanical Breakdown
- Employee Dishonesty
- Employee Benefits Liability
- Outdoor Signs
- Accounts Receivable
- Valuable Papers and Records in higher limits