Do Self-Employed Masons Need Mason Contractor Insurance?
Masons and stoneworkers who are self-employed usually don’t have coverage through a personal insurance policy for their work-related risks and therefore, frequently can benefit from getting a mason contractor insurance policy.
Additionally, masons who are employed by a larger company but moonlight on their own occasionally may also need their own policy. Although employers often have policies that provide coverage for their employees, employer-sponsored coverage usually doesn’t apply to work that’s done on the side and not for an employer. Thus, anyone who moonlights may need to purchase their own mason contractor policy to make sure they’re covered when completing side projects and gigs.
What Coverages Do Mason Contractor Policies Offer?
As stated, mason contractor policies normally come with multiple individual coverages that are bundled together. The exact combination of coverages included in policies can vary, but there are many protections that policies commonly offer. Many of these can be classified as liability protections or property protections.
Some liability protections that mason contractors might want to look for are:
Some property protections mason contractors might want include:
- Commercial Building Coverage, which may cover a company-owned office or other building
- Contractors Tools and Equipment Coverage, which may cover basic and specialized tools
- Builders Risk Coverage, which may cover company-owned property kept at job sites
- Inland Marine Coverage, which may cover equipment and supplies when they’re moved between locations
Along with these, mason contractors often can get extra expense coverage, business income coverage and many other protections if they need or want them.
How Much Do Mason Contractor Policies Cost?
Insurance companies consider many factors when setting rates for mason contractor policies, so premiums frequently vary. The following are merely a few of the items that can influence how much a masonry business pays for insurance:
- Where the business is located
- How many employees the business has
- How much the business does in revenue
- What type of mason work the business does
Even with the variances that exist in policies’ premiums, however, insurance tends to be affordable for businesses in this industry. Most policies certainly cost much less than what a potentially expensive disaster or lawsuit could run if no protection is in place.
How Can Mason Contractors in Massachusetts Get Mason Insurance?
If you work as a self-employed mason or own a masonry business in Massachusetts, let the independent insurance agents at Paul T. Murphy Insurance help you properly protect your business. Our agents have the expertise necessary to help you find a mason insurance policy that offers robust protection.
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