Insurance For General Contractors

Just like how a drop cloth covers the entire floor of a work area a general liability insurance policy protects your bottom line by covering all kinds of expenses and legal fees from third party claims.
Insurance for general contractors. The general liability insurance for contractor is designed to help you protect your business from bodily injury property damages and a lawsuit that can occur while performing a project. What insurance options are available for your general contractor. General liability insurance may cover you against losses caused by your subcontractors. In most cases you will find that your policies don t cover your own subcontractors.
The need for a knowledgeable specialized insurer is paramount to your success. If you use your own contractors to complete any client work read your policy details closely to ensure your needs are met. The type of contracting business you own such as masonry landscaping or new construction as well as its size and location will affect the types of insurance you may need. Although a general liability insurance policy helps protect your business from claims alleging property damage bodily injury and slander or libel consider other insurances to give your contracting business well rounded coverage.
General liability covers property damage the contractor is responsible for as well as any negligence in workmanship once the job is completed. As a result we made it easier for customers to get the most affordable options on the market for on demand contractors insurance. Worker s comp covers injuries to a general contractor s or subcontractor s employees if they are hurt while working on the job. Because every business is different commercial insurance solutions for contractors can range from a standard policy to a more thorough mix of coverages.
A general liability insurance policy is just one part of construction insurance also known as contractor insurance. General contractors insurance fifty three percent of contractors report that professional positions project supervisors estimators and engineers are difficult to fill 1. Timelines change orders and contract administration add to your concerns.