Business owners and contractors in particular need to know that the important things are covered and that you are not paying for more insurance than you need. That’s why it is important to know your options and be able to customize contractors insurance.
The biggest reason contractors and businesses in general get insurance is to protect the business and the owner from financial risk associated with things like accidents, injuries, errors and more. However did you know there are other reasons for Contractors to get business insurance?
Every business is unique and faces different risks and liabilities. Even when two contractors share the same profession and are similarly sized, insurance needs can vary widely. While general liability makes sense for pretty much every business, most contractors can benefit from additional insurance that protects them from common liabilities not covered under a general liability policy.