For your Contractor Company liability coverage is essential but you are wrong if you think it is all you need. It covers a specific risk, that of being sued for causing harm to another. However, it does not protect you from a host of other risks that you face. You should know what it covers you for, and what else you need.
Contractors Liability coverage plays a very important role in protecting your company. If you are sued for causing bodily injury to someone and/or damaging their property, this coverage will assist. It helps with your legal defense, including your defense team, witness fees and costs of evidence. It will also assist with settlement costs. A lawsuit is very expensive. If you do not have liability coverage you will have to pay these costs yourself. It is possible that your company will have to shut down and you could lose personal possessions too.
Contractors Liability coverage does not protect your employees. It also does not provide the property protection you need as a contractor company, namely Workers Compensation and Builder’s Risk Insurance.
Why do you need Builder’s Risk Insurance?
This coverage is useful to your company because:
Before you purchase this insurance you should know the following:
Builder’s Risk.net specializes in this coverage. We have many years experience in the industry. Our agents are experts. Call Builder’s Risk at 877 960 0221 and we will get you the right coverage to protect your project.