Why Contractors Need General Liability Insurance

Contractors’ projects are often associated with a number of risks that can be costly, dangerous and time-consuming. These risks can be mitigated with the help of a robust insurance program, which should include general liability insurance. Understanding the importance of general liability insurance and how it can shield your business from potential legal and financial pitfalls is crucial for any business owner aiming for long-term success and stability.

What Risks Can General Liability Insurance Help With?

General liability insurance can help with the following:

• Bodily injury claims—General liability insurance can offer financial support for third-party bodily injuries. For example, if a client trips over equipment at a jobsite and sustains an injury, general liability insurance may help cover legal fees and medical costs associated with the incident.

• Property damage claims—General liability insurance can offer financial support for third-party property damage. For example, if you damage a client’s couch during a renovation project, this coverage may help pay for the cost of repairing or replacing it.

• Personal and advertising injuries—General liability insurance can also help cover personal and advertising injuries, such as libel, slander and copyright infringement. In the competitive construction industry, these types of claims can arise from marketing activities or business disputes.

• Legal costs—Even if you are sued and not found guilty, there may still be attorney fees and court costs. General liability may help cover these and other related expenses.

Learn More

For contractors insurance near you, contact McCartan Insurance Group.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.