Doors, Gates, and Activating Devices Contractors

A contractor's insurance package is a critical component of your business that Fairbanks Insurance Brokers urges Door and Gate Contractors to have in place when conducting operations.

Almost every residential or commercial building has at least one door or gate made from different materials.

Door and gate contractors’ risk bodily injury, property damage, and product and completed operations claims if a door or gate malfunctions.

The exposure to contractors and their employees is substantial due to the use of specialty tools and heavy lifting during installation.

Here is What We Recommend:

General Liability

Contractors’ General Liability is the cornerstone to protecting your doors and gates business.

This coverage is triggered when you or your employees are found liable for bodily injury or property damage. The policy will also respond to defense costs from lawsuits brought by a third party.

Workers' Comp

Multiple states throughout the US require door and gate contractors to provide contractors workers’ compensation insurance for their workers to carry a license.

Accidents at job sites can result in an employee becoming injured and missing work. Your workers’ compensation coverage will provide financial assistance for medical and lost wage expenses to help prevent you from being sued by your employees.

Surety Bonds

Unlike insurance protection, a surety bond is like a business line of credit.

Several states and clients require door and gate contractors to present a license or a contractor’s surety bond before bidding or working on a project once awarded.

Your surety bond is a financial guarantee for your contractual obligations and that subcontractors and suppliers get paid.

Commercial Auto

Door and gate contractors need commercial auto insurance to repair or replace company vehicles in the event of an accident, vandalism, or theft during business operations.

With a commercial auto policy, there are no limits on how many drivers or vehicles, and the policy limits reach $1 to $5 million with most carriers.

Inland Marine

Also known as Contractor’s Tool and Equipment Insurance, this policy provides reimbursement to repair or replace lost or damaged tools and equipment.

Tools are a component of a contractor’s livelihood, so we always encourage door and gate contractors to consider this valuable coverage.