Workers Compensation Insurance Philadelphia

Looking for Better Rates on Worker’s Compensation Insurance in Philadelphia?

Call Humphries Insurance at 215-646-5633. We can help you find the workers compensation coverage you need for your business.

As a leading independent insurance agency we have the ability to shop the market for the best rates available on Workers Compensation Insurance in Philadelphia for your company no matter if you are a small or large business.

Workers Compensation Insurance PhiladelphiaWhy Choose Us for Philadelphia Worker’s Compensation Insurance?

We can help you find better options!

Companies selling workers compensation insurance direct or through captive agents can’t offer coverage through multiple companies as is true of our company.

For this reason you can trust Humphries Insurance to find better alternatives for your business as we represent top rated and highly competitive workers compensation insurance companies in Philadelphia.

Why Should I Shop My Philadelphia Workers Comp Insurance?

Rate can differ significantly between workers compensation insurance companies in Philadelphia.  For instance one company may be paying $10,000 per year for the workers compensation insurance while another company is only paying $7000 per year!

Why can there be such a large difference in premiums between companies?

There are a number of reasons why rates fluctuate between companies.  One of the principal reasons is based on claims activity.

Example of How Philadelphia Workers Compensation Insurance Companies Set Pricing.

Let’s assume a certain insurance company wishes to offer Worker’s Compensation insurance to a certain niche of construction workers, for instance workers Compensation insurance for roofing contractors as an example.

Prior to insurance companies opening up a different line of business they will typically analyze their competition and price their business insurance packages lower to gain market share.

Let’s assume the ABC Insurance Group prices their workers compensation insurance for roofers in Philadelphia at a 30% price modification.

This tactic proves to be very effective and roofing contractors from all over the state of Pennsylvania begin to buy insurance with this company because the rates are very good.

Later claims begin to be filed with the ABC Insurance Group at a rate significantly more than projected by the insurance company and because of this they need to raise prices by 50% just to break even!

While it’s true there are a number of other factors that influence the prices of workers compensation insurance, claims paid by insurance companies is the principal factor in determining Philadelphia workers compensation pricing!

Some Insurers are more aggressive in pricing and do not experience heavy claims activity while other companies have more claims than anticipated and must take aggressive rate action to avoid financial downgrades.

For this reason worker’s comp rates can differ from company to company by a significant amount.

Choose Humphries Insurance When You Need Philadelphia Workers Compensation Insurance.

Call us today at 215-646-5633 for better alternatives on Pennsylvania workers compensation insurance.

We can insure any type of company, big or small!

Contractors Insurance Philadelphia

Contractors Insurance PhiladelphiaPhiladelphia Contractors Insurance – Quotes & Coverage The Same Day!

When you’re searching for contractors insurance in Philadelphia and the surrounding areas call 215-646-5633!

Or use our convenient online quote submission system when you click Contractors Insurance Philadelphia.

Humphries Insurance represents a large number of companies offering fantastic pricing for contractors insurance in Philadelphia!

Prices As Low As $425 per Year for Philadelphia Contractors Insurance!

If you need great prices and fast coverage we can help!

As a leading independent insurance agency in Philadelphia we can help you find the appropriate commercial insurance no matter if you are a subcontractor, general contractor, starting a brand-new construction company, or you are a construction firm with many years of experience.

Please be aware that not all contractors will qualify for our $425 general liability insurance program, but many will.

How Can You Determine If You Qualify for Our $425 Philadelphia Contractors Insurance Program?

Please call us at 215-646-5633 to speak with one of our commercial lines specialists or if it’s after hours send your information to us online when you click Philadelphia Contractors Insurance.

The $425 contractors insurance program is for general liability insurance only and does not include coverage for tools, workers compensation insurance, commercial automobile insurance, employment practice liability insurance, professional liability insurance, cyber liability insurance, or builders risk insurance.

If you need coverage for any of these different types of insurance policies we can help. Call us or submit your information to us online by clicking Philadelphia Contractors Insurance.

What Type of Contractors Insurance Do Your Need? 

It is really dependent on a number of factors including the exact type of work you perform.  For example if you are an individual painter with no employees looking for insurance for painters in Philadelphia you might only need general liability insurance and coverage for your tools.*

If you are a general contractor or much larger construction company it’s likely you will need Philadelphia workers compensation insurance, commercial auto to protect your vehicles, Philadelphia contractors bond, business personal property covering buildings you own and equipment that is either leased or owned, builders risk insurance policy in Philadelphia, employers liability insurance, professional liability insurance, cyber liability coverage, commercial crime coverage, and perhaps even employment practices liability insurance.*

The Right Kind of Contractors Insurance Coverage is Important. 

Choosing the right coverage is more than important, it’s absolutely necessary!

Any claims not paid by insurance would be the responsibility of the business or even the business owner if certain legal structures are not in place.

What would happen if your business was hit with a $10,000 claim not payable by insurance? If you are a sub-contractor a $10,000 out-of-pocket might mean the difference between you continuing to work on your own or needing to work for another company or file for bankruptcy protection.

What if the claim was $100,000 or even $1 million or more?

Certainly larger construction firms may be in a position to absorb such a claim but the most important question is this: would you want to take the chance of absorbing a large claim?

The quickest route for large construction firms to file for bankruptcy protection is when they are facing a large judgment not covered by your Philadelphia contractors insurance policy!

Contact Humphries Insurance Today When You Need Contractors Insurance in Philadelphia!

Call to speak with our business insurance specialist by dialing 215-646-5633 or submit your information to us online when you click on Contractors Insurance Philadelphia Pa.

Need Business Insurance in Other Areas?

  • Contractor’s insurance Blue Bell Pa
  • Contractors insurance Norristown
  • Contractors insurance Conshohocken
  • Contractors insurance upper Darby Pa
  • Contractors insurance King of Prussia Pa

*This is a general assumption and you should not rely upon this information exclusively as your circumstances may require other coverage not listed. Call our office to speak with one of our representatives for more details.

  • Car Insurance

    A common mistake made by insurance shoppers is assuming coverage is identical between insurance companies.

    You might have the same limits of liability and deductibles with two different insurance companies, yet the claims results can be completely different.

    That's why it's important to work with our insurance team. We will help you put together an insurance plan to meet your individual needs.

    Call us today at 215-646-5633 or use our convenient online rate quote system when you click on instant quotes for car or home insurance!

  • Home Insurance

    Do you know the difference between the HO3 and HO5 Policy Form?

    The difference in coverage between the two policy forms might mean the difference between a claim being covered or denied on your personal property!

    The HO5 is a superior policy yet the majority of home insurance policies sold today is the HO3!

    Call us today at 215-646-5633 or use our convenient online rate quote system when you click on instant quotes for home insurance to learn why the HO5 is better!!

  • Business Insurance

    There are a variety of different types of business insurance policies available for companies.

    From General Liability, Business Property Coverage, Commercial Auto, Workers Compensation Insurance, Employers Liability Insurance, Professional Liability Insurance, Commercial Crime Coverage, Inland Marine Coverage, Cyber Liability Insurance, and many more.

    We at Humphries Insurance can help you choose the coverage most appropriate for your company.

    Call us today at 215-646-5633.