It’s great being a contractor, but for all the wonderful things it’s associated with, contracting work also brings with it a lot of risks.
Roofers, for example, work at height. That means when an accident takes place, somebody could get hurt, or some part of the property will sustain damage, or both. When that happens, clients can file a claim against the contractor, who will have to pay for those claims eventually.
In some cases, those claims aren’t limited to injuries or direct property damage. If a contractor, for instance, has installed drywall or painted a home using materials that contain hazardous materials, the client could still sue for claims.
Also, the liability of a contractor does not end when the job is done. If the client sustains an injury or property damage which arises from the work that the contractor did for them months ago, that same contractor will likely have to compensate your client if and when he or she files a claim.
It’s a good thing that the risks mentioned above can be addressed by contractors with the help of construction general liability insurance.
If you’re a contractor and you don’t have general liability coverage, better get a policy now before it’s too late. Any allegation by a third party that your contracting work has led to bodily harm or property damage will often end up with you, the contractor, paying for all those claims out of pocket. More often than not, such damage claims can hurt your bottom line and put your business in danger of ceasing operations.
It’s also worth keeping in mind that you could be the most careful contractor in the business, but you are not accident-proof. Accidents can happen to anyone, and you would do well to have liability insurance for contractors to ensure that you can deal with the financial costs of claims made against you without putting your entire business in danger of closing shop. Clients filing claims against you can be a major setback, but business general liability insurance can help your business survive it.
There’s no doubt that General Liability Insurance is a key component of your overall insurance plan. Without sufficient coverage you and your business could face some serious losses?
Unfortunately, we see many underinsured contractors who end up facing financial responsibility for something that should have been covered by the contractor(s) liability insurance policy if they had only had sufficient coverage from the start.
We won’t let that happen to you.
We take pride in customizing your general liability insurance policy to meet your exact needs which means we can all feel comfortable knowing your business is covered in the event of an accident or alleged injury or property damages.
Another thing that we take pride in is the fact that we offer cheap general liability insurance for contractors. After all, the word “affordable” is in our name, and we do everything we can to live up to it. And for only a 20% down payment, you should be able to purchase a viable liability insurance policy from us. If your contracting operation is small, then our policies of general liability insurance for small business should be a perfect fit for you.
Focusing on insuring only contractors has given us the opportunity to acquire a more in-depth understanding of the commercial liability insurance requirements of those who do contracting jobs. We assure you that any policy you get from Affordable Contractors Insurance is a customized and precise solution to your insurance needs.
Once you decide to purchase general liability insurance from us, we are going to need pertinent information from you, such as the gross sales of your contracting company, how many people are on your payroll and its total cost, subcontractor cost, and the type of contracting work that you. All these data will be taken into consideration when figuring out the final cost of the policy you have in mind.
Start your quest for the best general liability insurance available by contacting us at Affordable Contractors Insurance. When you call us, a live agent will talk to you and answer all your queries. You should also be able to receive a competitive quote within minutes to help you make a decision that will, when all is said and done, give you peace of mind.
It is understandable for many contractors to have second thoughts about taking out a general liability insurance policy. After all, it means additional expense for their business. However, no matter how you look at it, the benefits of having the proper insurance will always outweigh its costs in the end.