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.
The other thing that general liability insurance covers for is personal injury. Even though you may be very careful when serving clients, accidents can occur at a worksite, especially to untrained visitors. If you have a general liability policy, your contracting business operations will not be affected by personal injury lawsuits. If such an accident takes place, your policy will cover the medical expenses, funeral expenses or the court awarded compensation of an individual who was severely injured at your worksite.
The policy of a contractor can also pay for property damage claims. It can protect the contracting business against the cost of a lawsuit where a client alleges that the contractor damaged his or her property. It also protects a contracting business against claims related to the products it has produced or the services it has offered. For instance, if a contractor installs cabinets that have unstable shelving that ends up injuring a homeowner, the legal expenses resulting from such a case can be covered.
If you regularly advertise your contracting business, you should buy a policy that covers for brand or copyright infringement. Allegations that your business copied the advertising methods of another business or caused other types of nonphysical damages can arise. These allegations are common because of the competition that exists between businesses in the same industry. A licensed insurance agent can assist you to assess the risks of being a contractor and buy a good policy to ensure that your business will not be defenseless against lawsuits.
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.
The other thing that general liability insurance covers for is personal injury. Even though you may be very careful when serving clients, accidents can occur at a worksite, especially to untrained visitors. If you have a general liability policy, your contracting business operations will not be affected by personal injury lawsuits. If such an accident takes place, your policy will cover the medical expenses, funeral expenses or the court awarded compensation of an individual who was severely injured at your worksite.
The policy of a contractor can also pay for property damage claims. It can protect the contracting business against the cost of a lawsuit where a client alleges that the contractor damaged his or her property. It also protects a contracting business against claims related to the products it has produced or the services it has offered. For instance, if a contractor installs cabinets that have unstable shelving that ends up injuring a homeowner, the legal expenses resulting from such a case can be covered.
If you regularly advertise your contracting business, you should buy a policy that covers for brand or copyright infringement. Allegations that your business copied the advertising methods of another business or caused other types of nonphysical damages can arise. These allegations are common because of the competition that exists between businesses in the same industry. A licensed insurance agent can assist you to assess the risks of being a contractor and buy a good policy to ensure that your business will not be defenseless against lawsuits.
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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