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Contractors

Contractors may incur significant costs due to their work-related liabilities. Even when an accident is wholly unintentional or a mistake is made on the job despite taking safety precautions, the repercussions can be very expensive. Even if a contractor is not legally required to have insurance for the job, the possibility of having to pay out of pocket for significant injuries or property damage might drive any contractor out of business.

What is CGL?

Commercial General Liability is one of the most comprehensive forms of coverage to insurance that you secure, as it helps to mitigate risk within your day-to-day operations and give you a basic level of protection that is in most cases mandatory

Why do Contractors need insurance?

Bodily injury: 

A client trips over your toolbox and fractures their leg. You could be liable for the medical costs; however, your general liability insurance policy could cover those costs, protecting your business.

Personal injury: 

One of your employees is out to lunch. He is overheard talking to another employee about one of your clients in an unflattering and false way. The client learns of this discussion and sues for slander. A general liability insurance policy could cover the subsequent claim, up the policy limits and appoint an attorney to defend you if necessary.

 Property damage and data loss:

You are renovating a home office for a client and their desktop is nearby. During the demolition phase you accidentally drop something on the desktop causing irreparable damage. A general liability insurance policy could cover the claim up to your policy’s limits of liability.

We’re here to help you keep your business running on time. Contact us today for a personalized quote and secure the protection your business needs with our comprehensive insurance for your contracting business.

FAQ

Each subcontractor licensed or otherwise will need to be documented you will need to make sure that you have the right protections insurance for your business

Though contractors’ insurance is very broad, if you need a product that has more flexibility, you’ll find that Handymen will often be the next best fit

 

We’re here to help you keep your business running on time. Contact us today for a personalized quote and secure the protection your business needs with our comprehensive insurance for your contracting business.