Accidents happen, even when precautions are taken.

For small construction businesses, contractors insurance is an essential safety net that can make recovering from accidents and other losses possible.

Contractors general liability insurance and other business policies will not only protect small businesses when mishaps happen, they can also help them gain public trust and new customers as well.

A good policy purchased from a knowledgeable contractors insurance agency is one expense that no small contracting business should ever do without.

Contractors General Liability Insurance Is A Must For All Small Businesses

The most important protection that every small business contractor should have to protect themselves, their employees, and their customers is contractors general liability insurance.

This is the essential policy that covers when things go wrong and property is damaged or someone gets hurt.

Whether working on someone else’s property and damage is caused or someone comes to the business property and is hurt, it is this contractors insurance policy that will pay for the damages including medical care for anyone injured, relieving small contractors from having to pay these costs out of pocket.

Business can continue as usual in most cases so long as the policy limitations are sufficient to cover the loss.

What Other Contractors Insurance Should Small Businesses Have?

Although contractors general liability insurance is the most critical coverage for any contracting business to have, there are other important policies to add on which can provide different types of protection.

All sold by experienced contractors insurance agencies, they include the following:

Commercial Auto Insurance - Any business that uses vehicles must protect their work autos with a specifically-designed policy. As using personal vehicles for work purposes is not permitted by insurance companies, this separate policy protects businesses and their owners against accidents and damages occurring while performing job duties.
Commercial Property Insurance - The opposite of commercial liability coverage, property contractors insurance protects the property owned by the business, whether that is physical structures, equipment, tools, or more.
Commercial Umbrella Protection - A commercial umbrella policy provides additional protection that goes above and beyond the limitation of the standard policies. Umbrella coverage purchased from a knowledgeable contractors insurance agency provides essential coverage should any damage exceed standard insurance limits so that the business can recover and actually stay in business.
Workers’ Compensation - Required in many states, workers' compensation insurance protects businesses by allowing them to cover when an employee becomes injured on the job. Small companies can avoid lawsuits by injured employees with this low-cost, essential coverage.
Crime Insurance - Another worthwhile business insurance policy that will protect against theft, vandalism, and other crime occurring at business worksites and locations.

Build An Insurance Safety Net

Every business needs insurance to protect it when things do not go perfectly.

Contractors general liability insurance is an essential policy that every contracting business small and large must have to protect itself and its customers.

An experienced contractors insurance agency can help every small contracting business find the insurance protection they need based on the type of company, the size of the business, number of employees, and other details.

With great contractors insurance protection, even small businesses can handle mishaps when they happen, safely and legally!