Understanding General Liability Insurance: Essential Coverage for Contractors

general liability insurance for contractors

As a contractor, having the appropriate insurance coverage is crucial for safeguarding your business. General Liability Insurance safeguards you from unexpected financial expenses during accidents. By familiarizing yourself with the intricacies of this insurance coverage, you can make informed decisions to mitigate potential risks and secure the financial well-being of your contracting business. Continue to learn more about General Liability Insurance for Contractors, who needs it, and its extensive coverage.

What Is General Liability Insurance for Contractors?

General Liability Insurance, also known as Commercial General Liability Insurance, is a type of insurance that provides coverage for third-party claims of bodily injury or property damage resulting from your business operations. This type of insurance covers legal fees, settlements, and judgments against your business.

What Types of Contractors Need General Liability Insurance?

General Liability Insurance is essential for all contractors working with clients or customers. It includes but is not limited to, general contractors, electricians, plumbers, carpenters, landscapers, painters, and HVAC contractors. If your business involves working on someone else’s property or interacting with the public, you need General Liability Insurance.

What Does General Liability Insurance for Contractors Cover?

General Liability Insurance for Contractors covers a wide range of risks, including:

  • Bodily Injury: If a third party faces an injury due to your business operations, General Liability Insurance can cover medical expenses, lost wages, and legal fees associated with a lawsuit.
  • Property Damage: If your business causes damage to someone else’s property, such as a customer’s home or business, General Liability Insurance can cover the cost of repairs or replacement.
  • Products Liability: If your business sells or distributes products, General Liability Insurance can cover claims of injury or damage caused by those products.
  • Completed Operations: If your business completes a project that later results in injury or damage, General Liability Insurance can cover legal fees and settlements related to those claims.
  • Advertising Injury: If your business’s advertising causes harm to a third party, General Liability Insurance can cover legal fees and settlements related to those claims.

Seek Expert Guidance with Gee Schussler Insurance Agency!

If you are a contractor in need of General Liability Insurance, contact the experts at Gee Schussler Insurance Agency. Our team of experienced professionals will help you identify the perfect insurance coverage tailored specifically for your business. Contact us today for a free consultation and to learn more about our insurance solutions for contractors.