What is General Liability Insurance?
General liability insurance for contractors is a foundational coverage that protects businesses against a variety of potential liabilities. It typically covers claims for bodily injury, property damage, and personal injury that may arise from your operations. This insurance is essential for contractors as it provides financial protection and helps cover legal costs in the event of a lawsuit or liability claim.
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Who Needs General Liability Insurance
Contractors and subcontractors should carry general liability insurance to protect against potential liabilities and risks inherent in their work.
Why Do Contractors Need General Liability Insurance?
General liability insurance protects contractors from financial loss due to lawsuits. It covers legal fees, settlements, and judgments if a contractor is sued for property damage or bodily injury.
Many clients require contractors to have general liability insurance before they can start work. It demonstrates professionalism and a commitment to protecting clients' interests.
It can protect contractors against claims of libel, slander, or copyright infringement arising from their advertising or marketing efforts.
Having general liability insurance gives contractors peace of mind, knowing they are protected against unforeseen circumstances that could jeopardize their business.
What Does General Liability Insurance for Contractors Cover?
Products-Completed Operations
It covers claims related to products you've sold or work you've completed that later causes injury or damage.
Medical Payments
General liability insurance can cover medical expenses if someone is injured on your premises, regardless of fault.
Frequently Asked Questions
General liability insurance usually does not cover injuries to your employees. For that, you'll need worker's compensation insurance.
General liability insurance typically does not cover faulty workmanship. For coverage for this type of risk, contractors may need to consider additional coverage options, such as professional liability insurance.
The cost of general liability insurance for contractors varies depending on factors such as the size of your business, the type of work you do, and the coverage limits you choose. It's best to get quotes from multiple insurance providers to find the best rate.
If you need to file a claim, you should contact us as soon as possible. Our professional team will guide you through the claims process and help you understand what documentation is required.