Comprehensive New Construction Insurance for Contractors

A construction project filled with half built red platforms.

The typical contractor will be protected by a general liability/errors and omissions (E&O) policy and a workers compensation policy. Both of these policies provide coverage for claims that result from accidents and injuries of employees or contractors.  However, these policies typically do not provide coverage for the contractor’s operations. For example, what if a worker falls off of scaffolding that was built incorrectly? Will the workers compensation or general liability policy cover any losses associated with this accident? In many cases, neither will because these types of incidents are considered to be errors and omissions on behalf of the contractor.

Construction companies have a unique set of risks, which is why builders risk insurance is the best type of coverage for construction companies.

What are the unique threats that a new construction site has that need insurance?

To mitigate these risks, contractors should look into purchasing new construction insurance.

This type of policy is designed to fill in the gaps that a traditional workers’ compensation or general liability policy will not cover. New construction policies are usually written as all-risk policies and cover losses resulting from basic errors and omissions, such as those mentioned above.

Work With a Broker

How do you ensure that you have comprehensive new construction insurance? The answer is to work with a broker who understands the industry. Brokers work with multiple insurance companies and can layer coverage to ensure that contractors are adequately covered. Remember, not every policy is the same, and not everyone will be able to offer access to the best new construction rates.

They also should consider purchasing a blanket bond if their business has more than one location or subcontractors. Speak to your local insurance agent to better understand your options.

For contractors, the challenge is to accurately determine what their exposures are and then purchase insurance that addresses those exposures, but minimizes unnecessary costs. Insurance can be complex and confusing, but an agent who works directly with multiple carriers and understands how risks fit together can help contractors find the best coverage for their needs. The added benefit of working with a broker means you can avoid paying the markup on your insurance, and you have someone to call when you need help.

Find Local Insurance Support

Contact Prince Insurance today for a free quote on new construction insurance.

Most Important Factor When Choosing Insurance

Cyber Insurance

So what is the most important factor when choosing insurance? There are many factors to consider, but the one that usually matters most is the actual insurance itself. For instance, if you have a good idea of what you are willing to pay for car insurance, you may want to look into a more expensive company for the same coverage if it offers better reimbursement for repairs, or if they offer convenient locations you can easily visit. You may also want to think about whether or not your agent is the best one to work with and if the customer service is good.

The Key Factor

There are lots of things to consider when choosing a home insurance policy, including location, coverage, price, and the company.

But what is the most important factor when choosing insurance?

Choose insurance that has the best coverage and has value – never going for price alone. Choose insurance that is specific to your industry and your situation.  Consider having insurance from companies that are better able to cover certain losses you may experience, and have personal claims representatives available over the phone since they will be more willing to help you out in case there’s a problem.

What Agents Know

An agent should be able to tell you the exact details of your policy, including coverage amounts and deductibles, including going over the fine print with you. Always double-check to make sure that everything an agent tells you is noted in your policy. Pay attention to the time between when you bought coverage and when it takes effect to know exactly when you are covered.

Get the personal guidance of a local insurance broker to help you. They can help you through the process of finding the right insurance policy for your company and help you understand how that policy works if it should ever become necessary.

A broker will ask you a variety of questions, including what risks your business faces and what coverage is necessary to make sure all problems are covered.  

Contact Prince Insurance today for a free quote.

Why Working With A Local Insurance Broker Leads to Better Coverage

Every day, more and more Americans are choosing to get their car insurance, home insurance, life insurance, health insurance, and other insurance products from a local insurance company. Why? Because they believe that is the best way to get the most personalized attention when it comes to their insurance needs. Why not save money and time by working with a local insurance broker?

When you are comparing insurance coverage options, there are a number of things you are going to need to consider. One of those is going to be the cost of the policy since this is going to be the biggest factor in your decision. We are going to take a look at how you can make sure that your policy will be the best value for you.

One of the reasons that you will want to work with a local insurance broker in order to find your coverage is that they are going to be willing to help in making sure your policy fits within your budget. You need to ensure that the overall cost of the plan does not exceed what you can afford.

A broker is more than just a passerby on the road to the people you do business with; they can really help you get the coverage that’s right for you.

How a Local Insurance Broker Leads to Better Coverage

1. Understand the local environment and local threats to your industry.

2. Having more time for personal attention will lead to better communication and better coverage.

3. Local insurance brokers work with local agents to find the best value for your company and budget.

4. Local insurance brokers will help you understand every step in the process so that you are informed and able to make good decisions.

In time, your rapport with an insurance broker becomes a long-term relationship that you can trust with all of your insurance, personal, and business policies alike.

Find Your Local Broker

Contact Prince Insurance today to receive a free quote for your insurance policy and experience why a local insurance broker leads to better coverage.

Biggest Personal Insurance Mistakes


The world of insurance can be a confusing and scary place. There are so many things to remember, and it can be hard to know where to start. For example, there are so many different types of insurance, from life to auto to home to renters, and you could spend weeks researching each company and finding the best one.

When it comes to personal insurance, the reality is that many people are making decisions that could negatively affect their financial security. We have created a list below of some of the biggest personal insurance mistakes.

Keep your future home and family safe with the proper personal insurance coverage.

What Are the Biggest Personal Insurance Mistakes?

  1. Getting cheap insurance. Cheap insurance will usually mean that it lacks in coverage and will cost you more out of pocket if you ever need to use your insurance. Do not get cheap insurance, get insurance that provides enough coverage.
  2. Not asking about discounts. Ask your agent if there are any discounts you qualify for as a first-time home buyer or if you have been with the agency for some time. Many companies will offer discounts to clients who do business with them for a long period of time.
  3. Not working with an insurance broker who can help you determine the right insurance based on value, not price. An insurance broker can find ways to bundle your personal insurance, such as home and auto insurance. Review your insurance each year and checking to make sure that you do have coverages in place for these areas of your life.
  4. Not reading the fine print on your home and auto insurance and ending up not being fully covered.
  5. Thinking you don’t need insurance.

Get The Support You Need

Contact Prince Insurance today for a quote and avoid making any of the above biggest personal insurance mistakes.

Biggest Business Insurance Mistakes

Insurance Broker


Have you ever made a key mistake when purchasing your business insurance policy? If so, you are not alone, as most business owners make mistakes when buying their policies. No matter what kind of insurance you carry, there are a few things that you should know about the biggest business insurance mistakes that you can avoid. Whether you are a homeowner, auto owner, or business owner, there are a few things you must know about insurance in order to avoid big mistakes.

Common Errors

The biggest business insurance mistakes include the following.

1. Not knowing what your business really needs.

2. Not being cognizant of the coverage you are actually buying when purchasing a policy.

3. Not reading the policy and understanding it fully.

4. Not reviewing the policy on a regular basis (at least every three years) to be sure it is what you need.

5. Being fooled by fancy but extraneous insurance add-ons that appear necessary, when actually they are not.

6. Not understanding that often what you already have in your business or home is adequate coverage and that additional insurance may be unnecessary at the cost it will command.

Prince Insurance is here to support your business.

Always Consult Your Broker

Don’t make any mistakes with regard to your insurance coverages; always consult your broker so that you don’t accidentally get in trouble with your insurance provider. Depending on the broker you choose, the information you ask for may be different from the information you need to know.

Buying yourself without consulting an insurance broker puts you more at risk of making any of the mistakes listed above. A good broker knows your business and its needs very well. A good brokerage also has a network of companies that it works with, and the industry contacts to help find the best deals for you.

Contact Prince Insurance for a quote and avoid making the biggest business insurance mistakes.

Protect Your Business With the Right Insurance

Independent Insurance Broker

The right insurance can do more than protect your business from damage or injury. The right insurance can protect you and your business from both the big and small everyday risks that all businesses face. Protect your business by starting with understanding what you’re exposed to.

Think about it this way: what could happen in a single day that would cost thousands of dollars, or possibly more. For example, the wrong insurance coverage could expose you to a lawsuit for injuries caused by employees who were driving your company vehicle, or it could jeopardize your business operations if there were a fire at your place of business. By protecting yourself with commercial insurance policies from an independent insurance broker, you can protect against lawsuits and expenses from accidents involving you, your home, your belongings, and your business.

Protect your business to keep your operations running smoothly.

Protect and Grow Your Personal Assets Should You Be a Victim of a Crime

Protect your business from unforeseen loss due to theft, natural disasters, or other damage, including physical damage, computer viruses, and hardware failures.

Liability Insurance: Any business can experience litigation problems if it is responsible for damages caused by its employees — no matter the issue.

Work with a broker who has access to all the best carriers for the right insurance.

The right business insurance can be quite an investment, which is why it’s so important to work with a competent, independent insurance broker. An independent broker has access to all of the best carriers for the right policy at the right price.

A good broker will also answer questions such as: how much coverage do I need? It will depend on your needs, which is where an agent at Prince Insurance can help. They’ll ask lots of questions and tailor their recommendations to your situation.

Ideal Coverage

But you don’t just want insurance; you want great coverage that will protect you if disaster strikes. The good news is there are more business owner policies available today than ever before. This means you can select the precise coverage needed for your unique company or small business.

Protect your business and contact Prince Insurance today for a quote.

Essential Insurance to Start a Business

office team

When starting a new business, securing it with a solid insurance policy should be one of the first things on your list. You need to cover yourself, your employees, and your commercial property against potential damage, injury, and other potentially serious issues. 

There are several types of essential insurance to start a business. Here are a few to consider when you’re opening a business. 

Workers Compensation 

These kinds of benefits are payments that cover injuries related to the work you’re doing. It’s a no-fault type of payment that’s paid regardless of whose fault it was that caused an injury. If work is the cause of severe pain or disease you’ve contracted, you’re eligible for workers compensation. 

General Liability Insurance 

Also called business liability insurance, this essential insurance to start a business protects you from a wide range of claims, including personal injury and property damage that happens during business operations. 

Auto Insurance

For any vehicles used for your business, like delivery trucks for postal services or food establishments, it helps get comprehensive auto insurance coverage in an accident. 

Property and Casualty Insurance 

This kind of insurance focuses on property and possession loss while also including liability coverage for instances where you’re deemed legally liable for an accident that injures someone or damages belongings. 

Choose Prince Insurance for Your New Business Insurance

Every business is unique. Our brokers can help you find insurance that’s tailored to your specific needs and gives you better protection. 

Plus, we’ll have insights into additional insurance that may be necessary depending on your industry or location. 

Need essential insurance to start a business right now? Look at our business insurance options and get yourself a free quote. With Prince Insurance, you’re guaranteed business insurance that covers various scenarios and prevents your bottom line from being affected. 

Independent Insurance Broker Can Customize Your Insurance

Independent Insurance Broker

Looking for the right insurance can be tricky. All of the options can seem a bit overwhelming. When you’re looking for insurance that’s customized to you, working with an independent insurance broker is the way to go. 

Here are a few solid reasons why independent insurance brokers are a better choice.

Insurance Options to Suit Your Needs

When you buy something important like insurance, you want to shop around to make sure you’re getting the best coverage for your budget. An independent insurance agency has access to all of the highest-rated insurance carriers, so they can do the shopping for you. 

Independent Insurance Broker

They’ll give you a choice of options that are based on your needs, not the needs of an insurance company. That means finding coverage that makes sense for who you are, at a price that meets your budget restraints. 

A Complete Insurance Portfolio

An independent broker has the ability to put together a complete portfolio of insurance that suits your lifestyle. If you’re in need of multiple types of insurance, they’ll help find solutions that fit your needs. 

When you need a customized combination of personal insurance, business insurance, home insurance, and/or auto insurance, your independent broker will be able to build a portfolio with you of policies from multiple carriers. 

Proactive Insurance Management

Life is always changing. Your insurance should change with you as you make your journey through the stages of life – buying your first home, a new car, or starting a business. 

Independent agents will stay proactive in managing your insurance. They’ll make sure you’re always covered and can help you upgrade or switch your policy as you grow and your life evolves. 

Contact an Independent Insurance Broker

Prince Insurance Group is an independently owned and operated agency, and we’re here to help you find the perfect kind of coverage for your lifestyle and budget. Contact us today and see the difference that working with an independent insurance broker can make for you!

Risks of Running a Business Without Insurance

Modern restaurant interior with tables, chairs, and cozy lighting, representing a thriving Colorado business covered by restaurant insurance.

If you’re starting a new business, one of the first things you’ll want to do is consider the different types of insurance coverage you need. A business owner can protect against a number of common risks, including property damage, injury, and liability. You’ll need to protect your personal assets (your home, car, and personal belongings) from business-related liabilities, and you’ll also need coverage to protect your business assets from claims by customers and other entities.

Risks Without Business Insurance

Running a business without insurance is never a good idea. Not only can you potentially put your personal assets at risk, but you may also be putting your business at risk as well. There are several risks to running a business without insurance, including the risk of lawsuits, property loss, and liability issues. In case anything goes wrong, having business insurance could save your business.

While you may think that protecting your assets would be enough to get your business started, you can’t afford to overlook the other legal obligations that comes with opening up shop. For instance, you may need to cover your employees with workers’ compensation insurance, which is a state-mandated insurance plan that covers medical expenses and replaces lost wages in case of work-related injuries or illnesses.

office team
Insurance gives you peace of mind that you, your employees, and customers are all protected in the event of an accident occurring on the physical premises.

Business Insurance Benefits

Business insurance is not only necessary for protecting your personal assets, but there are many financial benefits of owning a business that can be protected by insurance. Business insurance protects your company’s physical assets and financial assets, including your building, equipment, inventory, and income. And it protects you from liability for personal injury and property damage.

Get a quote for a business insurance policy today.

Why You Should Never Buy Insurance On Price Alone

We all want to save money, especially when it comes to paying for insurance. Every car owner knows that they need it to drive legally. And when it comes to your home, you always hope the day will never come when you need it. The temptation is to use price as the only factor to determine which insurance broker to chose. And yet, as we’ve seen, it’s not the best way to go. This is why finding the best insurance shouldn’t be decided based on price alone.

Finding the Best Insurance

You can’t know what you don’t know. This adage, which holds true in many aspects of our lives, is especially true when it comes to insurance. When it’s time to find the best insurance for you, it pays to educate yourself on the different types of policies and insurance companies out there. The more you know, the more likely you are to find a policy that meets your needs and fits your budget.

Discussing your options with an insurance broker is the best way to make sure you’re getting the right coverage.

Potential Consequences of Getting the Wrong Insurance

If you are looking for cheap insurance, be careful. If an insurance company is very inexpensive, it might not be able to provide you with the same level of service as a more reputable company. Cheap insurance can also be a sign of a company that is not financially stable. If you choose a plan with major omissions and drawbacks, you could face serious financial consequences. For example, in the event you are at fault in an auto accident, if your insurance doesn’t cover the cost, you may be sued for the remainder. You should always do your research before getting cheap insurance. Insurance should be a safety net, not a risk.

Make sure you’re finding the best insurance for your needs. Contact an insurance broker at Prince Insurance today for a quote.