As a contractor, you create new spaces that bring great joy to your clients. Your job also involves a good deal of risk for you and those who work for you. Whether you’re hanging drywall or installing windows, you need to protect yourself, your employees and your clients from situations that can arise unexpectedly. Contractors insurance policies can provide the reassurance you desire and keep your business safe.
If you’ve never purchased insurance before, you may want guidance on how to navigate the process. Read on to learn why you should invest in insurance and how to find the right policy.
The Benefits of Contractors General Liability Insurance
Many contractors choose to purchase general liability insurance for their business. This is a sort of catchall for many different situations you may encounter. You will receive coverage against lawsuits, accidents and other unforeseen circumstances that can occur when you work in construction.
For example, say a client hires you to put an addition on their house. The client comes home one day and trips on materials, resulting in serious injury. General liability insurance ensures you would not pay out of pocket for any damage claims that may arise from such an incident. General liability also covers you in cases such as:
- Daily work of you and your employees
- Accidents that happen on the job and prohibit you from working
- Legal fees if you face a lawsuit
What Can Contractors Insurance Protect Me From?
Insurance claims come in all types for contractors. Due to the unique nature of your job, you may face situations other businesses do not encounter. For example, you might be hired by another general contractor and need general liability insurance to be let on the job. You might work with a client who requires this type of insurance for anyone they hire to protect themselves from losses. You can also customize your coverage to include things your business needs, such as protection for:
- Hired Auto: Guard against liabilities that can arise when you or one of your employees uses a hired vehicle, such as a van to transport materials.
- Loss of Income: If you sustain injuries that keep you at home for a month, you don’t want to worry about paying your bills.
- Identity Theft: This all-too-common occurrence can cause untold problems for a business owner.
Make sure your insurance company understands the type of work you do. The policy for, say, an electrical contractor will differ from one for someone who performs mostly HVAC work. Getting the right coverage is key to preserving your assets.
Find Insurance for Contractors in Pennsylvania
Whether your business is based in Camp Hill, Harrisburg, Lebanon or another part of Central PA, you can count on Strock Insurance to give you the aid you want. We can advise you on what type of policy to buy and how much protection you need. You can get a free online quote right now, contact us online or give us a call to get the process underway.
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