Contractors offer a wide variety of services and their work involves some risks. As a contractor you can protect yourself from losses if you buy general liability insurance. An accident can happen in your worksite and result in an expensive lawsuit. By choosing to buy contractors general liability insurance California dwellers can protect their businesses as well as themselves from unexpected events.
One of the things protected by general liability coverage is business assets. With such coverage, you can be sure that your contracting operations will still continue even if you are facing a costly claim. It covers the high legal costs that may affect business operations. They include court expenses, lawyer fees and witness fees.
General liability policies also cover for bodily injury claims. Regardless of how careful a contracting business is, accidents can happen at job sites, particularly to untrained visitors. With this type of coverage, business owners can protect themselves from lawsuits involving bodily injury. When an accident happens, the policy of a contractor can pay for the medical expenses, court awarded compensation and funeral expenses of a person who died after being severely injured at a worksite.
Your policy can also cover for property damage claims if you are accused of damaging the property of your client. It can also protect your business is sued by a client who does not like the services you offer or the products you sell. For instance, your policy can cover the costs or compensating a homeowner who gets injured by a product you installed such as a cabinet that has unstable shelving.
If you usually advertise your contracting business, it is advisable to purchase a general liability policy that covers the cost of infringing on copyrights or brands or copying the advertising methods used by other companies. Competition between businesses in the same industry is high and this can bring about allegations that your business caused nonphysical damages to another business. With the assistance of a licensed insurance agent, you can be able to assess the risks associated with your business and apply for the right policy.
There are various things you need to consider when applying for general liability insurance. They include the gross income you earn from your contracting enterprise, the type of contracting work you do, your contractor class and the amount of coverage you require among others. It is wise to compare the quotes provided by different insurance firms. It is also wise to find out if the insurer you are about to buy a policy from has a good rating.
You should be willing to honestly answer the questions that insurers ask in order for them to provide you with quotes. You should create a record of every quote, noting how much each insurer charges. You should also find out more about the performance of different insurers from other contractors.
The quotes will help you to know the amount you can pay for a particular policy. You should then proceed and buy a policy from an insurer that meets your needs and preferences. You can then pay the down payment and follow up on your monthly premiums. Your insurer will give you a certificate of insurance.
One of the things protected by general liability coverage is business assets. With such coverage, you can be sure that your contracting operations will still continue even if you are facing a costly claim. It covers the high legal costs that may affect business operations. They include court expenses, lawyer fees and witness fees.
General liability policies also cover for bodily injury claims. Regardless of how careful a contracting business is, accidents can happen at job sites, particularly to untrained visitors. With this type of coverage, business owners can protect themselves from lawsuits involving bodily injury. When an accident happens, the policy of a contractor can pay for the medical expenses, court awarded compensation and funeral expenses of a person who died after being severely injured at a worksite.
Your policy can also cover for property damage claims if you are accused of damaging the property of your client. It can also protect your business is sued by a client who does not like the services you offer or the products you sell. For instance, your policy can cover the costs or compensating a homeowner who gets injured by a product you installed such as a cabinet that has unstable shelving.
If you usually advertise your contracting business, it is advisable to purchase a general liability policy that covers the cost of infringing on copyrights or brands or copying the advertising methods used by other companies. Competition between businesses in the same industry is high and this can bring about allegations that your business caused nonphysical damages to another business. With the assistance of a licensed insurance agent, you can be able to assess the risks associated with your business and apply for the right policy.
There are various things you need to consider when applying for general liability insurance. They include the gross income you earn from your contracting enterprise, the type of contracting work you do, your contractor class and the amount of coverage you require among others. It is wise to compare the quotes provided by different insurance firms. It is also wise to find out if the insurer you are about to buy a policy from has a good rating.
You should be willing to honestly answer the questions that insurers ask in order for them to provide you with quotes. You should create a record of every quote, noting how much each insurer charges. You should also find out more about the performance of different insurers from other contractors.
The quotes will help you to know the amount you can pay for a particular policy. You should then proceed and buy a policy from an insurer that meets your needs and preferences. You can then pay the down payment and follow up on your monthly premiums. Your insurer will give you a certificate of insurance.
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