What is Contractor's Insurance
Contracting is a dangerous job that involves putting yourself at risk and has the potential of both workers and clients getting injured. Those injuries could fall squarely on the shoulders of the business in terms of the responsibility of paying for medical bills.
Contractors rely on having General Liability Insurance to address these risks. General liability insurance can offer lawsuit coverage for contractors as well as offer several other types of protections to their business.
General Liability Insurance for Contractors
Contractors are often put in an interesting position in terms of liability. Contractors need to be insured like any other small business but the type of insurance is different depending on the type of work being contracted out.
Generally speaking, contractors will need to consider a few basic types of insurance. They are:
On top of these coverage options, contractors may have to consider other things, like Worker’s Compensation for example.
General Liability Insurance for Business
General Liability Insurance, which is also known as “Business Liability Insurance” or “Commercial General Liability” typically covers contractors for:
How to get Cheap Contractors Liability Insurance
How much is insurance for a contractor business? That all depends on your specific business but to give a brief rundown, You can expect to pay between $380 and $1380 on average for general liability insurance for contractors.
Other things to consider before you get your business insurance quote, Will you need a surety bond? What about commercial property and auto coverage? Don’t forget to Worker’s Comp either.
Each business needs to be looked at individually. There are no “one-size-fits-all” policies. That’s why we urge you to contact us so that we can help you get the insurance that is right for your contracting business.
The process of getting a quote is quick and when it’s over you will have a Commercial General Liability quote designed around the needs of your business.