General Liability Insurance for Contractors

General liability insurance offers financial protection against a wide range of potential risks for contractors. Whether working on residential renovations or large-scale commercial projects, contractors face daily exposure to accidents, property damage and legal claims. General liability coverage insurance may help with claims of third-party bodily injury, property damage and even reputational harm such as libel or slander.

Benefits of General Liability Insurance for Contractors

If a subcontractor accidentally damages a client’s property or a passerby is injured at a jobsite, general liability insurance can help cover medical expenses, repair costs and legal fees. Without this coverage, contractors could be held personally liable, potentially jeopardizing their business and financial stability.

In many states, general liability insurance is not just a wise investment; it’s a legal or contractual requirement. Clients and project owners often demand proof of insurance before awarding contracts, making it a key factor in securing work and building trust.

Policies can be tailored to fit the size and scope of a contractor’s operations, with premiums based on factors such as business type, location and claims history. While it doesn’t cover employee injuries or damage to the contractor’s own tools and equipment, it forms the foundation of a risk management strategy.

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For general liability insurance near you, contact Smith & Associates Inc.

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.