COMPREHENSIVE INSURANCE FOR ALL CONTRACTORS IN NEW YORK
BROKERAGE
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LOCATION
ISOM provides insurance and bonding services for all of the Tri-State Area. We are located in Long Island City, NY.
SUPERIOR RISK MANAGEMENT
Customized Risk Management Services will help guide clients to the most affordable and comprehensive solution.
PERSONALIZED RELATIONSHIP
We provide a very personalized service with a lot of care and attention to detail. All of our clients receive exclusivity and priority service.
WHAT IS CONSTRUCTION INSURANCE?
In reality, the term “construction insurance” is a broad categorization that relates to construction projects, and it is not itself an actual form of insurance.
Many factors dictate the type of insurance coverage one would need for a given project or operations. These factors include, the person’s relationship to the project (contractor, property owner, subcontractor, etc.), the type of entity buying the insurance (business or individual), and the type of operations/property to be covered.
UNDERSTANDING CONSTRUCTION INSURANCE
There are many different types of insurance designed to protect property owners, developers, and contractors through the various phases of a construction project.
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Contractors and commercial developers, especially those who bid on large construction projects, are often obligated to purchase a large amount of insurance coverage. Cost of insurance policies should still be an important consideration for contractors as it makes you more competitive in the bidding process.
GENERAL LIABILITY
Competitive Insurance for Contractors in NYC
DISABILITY POLICY
Learn about all of our Disability Policy Options
bonding
Bonding for all Construction Trades
BUILDERS RISK
Prevent loss from damages with the proper insurance
WORKERS COMPENSATION
Take care of your employee with the best workers compensation
OCP/OWNERS INTEREST
Make sure your business has the perfect insurance plan to get the job done
SMALL BUSINESSES
EMERGING CONTRACTORS
ESTABLISHED COMPANIES
NO MATTER WHAT FIELD OF CONSTRUCTION, WE CAN INSURE YOUR BUSINESS AND PROVIDE YOU THE BEST INSURANCE PROGRAM
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FACTORS THAT AFFECT THE COST OF CONSTRUCTION INSURANCE
Several factors will affect the cost of construction insurance policies. Even though construction insurance policies are all sold independently and vary in what they cover, they are usually influenced by the same set of factors, which are:
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Loss history of the business
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Experience of owners / business
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Size of the project or volume of business
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Coverage limits and deductibles
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Other factors may affect the cost of insurance policies that are necessary for your operations. In general, these factors are used by the underwriter to estimate the likelihood of a covered loss, or the risk associated with insuring the project, contractor, or business.