No matter what type of contracting work you do, you may want to consider buying some contractors insurance. Contractors insurance can help you in a number of ways, and there are several types of contractor’s insurance that you may want to consider buying. The following are some of the top areas where you need to protect yourself with such insurance:
General Contractor Liability Insurance
General liability insurance is a non-specific type of coverage that gives you protection in a wide variety of situations. For example, you will have protection in case you accidentally hurt someone while you are performing your duties. The coverage will pay for the other person’s medical bills and any other expenses that the person accrues because of the injury.
Theft protection is a type of coverage that you would want to have if you are in the home or office cleaning business. A piece of fine China could get stolen while you and a group of your workers are cleaning a large home. The insurance can help you cover for the client’s losses. Any other business where you assume responsibilities for someone’s personal possessions or property can get kind of iffy. Theft protection covers you if something happens to your client’s property while you are performing your duties for that client.
Property damages is something that can occur in a wide variety of contracting jobs. For example, you may operate a snow plow and accidentally dent or scrape someone’s vehicle. You may be a plumber who makes a mistake and accidentally bursts the wrong pipe. You could operate a tow truck that accidentally turns a vehicle loose. Those are just some examples of some things that could happen to you. You need to get insurance so that they do not.
As an independent contractor, you will not have any health insurance. Health insurance can cover you if you end up getting sick for some reason. The insurance company will cover a little bit of your medical bills so that you can recover and get back to the work that you were doing.
You can sign up for an insurance policy by first contacting a reputable agent for a quote. The agent will talk to you about the various types of insurance that you can get. He or she will help you sift through the choices so that you can make the decision that is best for yourself and your employees if you have many employees. The right agent may be able to get you a discount on the products that you need to cover your business from destruction. Call now and ask an experienced provider for assistance.