Freedom Tower Insurance focuses on the construction industry. We provide surety bonding as part of our Wrap up Program of Insurance. As part of this program, we offer workers compensation, health and disability, and assist with the mentoring, technical support and apprenticeship training necessary to make a contractor successful.
We are uniquely situated to handle this segment of the industry due to a 25 year history in trade apprenticeship and 17 years of bonding. Our program is authorized by the New York State Departments of Education, Labor and Insurance.
And that’s just the beginning. As a licensed New York insurance brokerage established specifically to support the contractors, we offer the following:
Commercial General Liability
Commercial liability insurance coverage protects you, your business and your employees from claims involving bodily injury or property damage, up to the limits of your policy. Policies shield you from the expense of out-of-court settlements, litigation and judgments awarded by courts.
Business Auto Insurance
Business auto insurance policies can pay for damages caused by an accident or destructive event such as fire, theft, windstorms, hail, flood and vandalism. Policies also provide bodily injury and property damage coverage to third parties when you or any other authorized driver is at fault in an accident.
Equipment Floater for Tools
If you are in a business which requires you to move your equipment from site to site, such as construction, you should consider an equipment floater as an addition to your standard insurance coverage. This type of protection is important because if your equipment is not at a single or specific location, your traditional property insurance policy does not provide coverage. Not only do equipment floaters cover the transit exposures, but they also cover thefts that may occur while equipment is being stored in a secure location.
Excess (Umbrella) Coverage
Even if you carry General Liability Insurance for your business, you might face a repair, settlement, or judgment in excess of your coverage limit. Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance), you would have to pay the uncovered expenses out-of-pocket.
Property Coverage
In the case of loss from fire, theft or vandalism, business property insurance provides financial assistance to help cover the cost to rebuild or repair business property so that operations can continue with as little disruption as possible. This includes compensation to repair damaged business property or replace what you’ve lost.
Professional Liability
Professional liability insurance protects your business assets from claims that may result from advice, expertise or professional services you provide. If your business engages in these activities, you could be at risk for being sued by a customer, client or other party who claims he or she lost money or was harmed in some way due to a negligent act, error or omission.
Errors and Omissions
Errors and omissions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. It covers you for errors (or omissions) that you have made or that the client perceives you have made.
Business Owners Policy
A business owner’s policy is a comprehensive insurance package that combines coverage for major property and liability insurance risks, and many optional additional coverages, into one convenient policy.
Workers’ Compensation
Workers’ compensation insurance coverage limits an employer’s liability if an employee brings suit against the employer for damages.
Disability Insurance
Disability insurance is designed to provide employees with some level of income replacement in case of disability caused off-the-job.
Bids & Performance Bonding
New York bid bonds are a crucial function of procuring work for a construction firm in New York State, especially when working with municipalities or state government. The bid bond is providing financial reimbursement to the entity offering the work in the event the contractor makes an offering but is unable to perform work.
Training & Mentoring
We offer technical support and apprenticeship training necessary to make a contractor successful.