An Insurance For Every Contractor

Having a contracting company comes with its own set of dangers. There are several ways for individuals to become injured or for property to be damaged. Whatever physical injury or property damage occurs on the project, the contractor will almost certainly be the one to file a claim—and may be obliged to pay for out of hand.
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If you're still unsure about how your insurance works, here's a refresher on the many types of contractor's insurance and their relevance.

Types of Contractors Insurance

1. Commercial General Liability Insurance
   It protects against third-party claims for bodily injury or property damage sustained during contractual employment. In addition, commercial general liability insurance also covers the legal fees spent during the case to pay the compensation sum.
   
   
2. Auto Liability Insurance
   Vehicles engaged in an accident on the job site that leads to bodily injury, damage of property, or death, the contractor who possesses those autos will very certainly face charges from the affected parties. 
   
   
3. Worker's Compensation
   It ensures that employees are protected in the event of an on-the-job accident. If this type of coverage often covers medical care, disability benefits, and rehabilitation expenditures, as well as reimbursement to families for work-related fatalities.
   
   
4. Pollution or Environmental Insurance
   Although most pollution insurance plans are acquired separately or in a monoline format, pollution or environmental coverage can occasionally be added to the current general liability coverage.
   
   
5. Builders Risk Insurance
   This insurance is normally offered in conjunction with general liability insurance, which protects builders and contractors if supplies, tools, and equipment are missing, stolen, or destroyed while building work is in progress. 
   
   
6. Roofers Insurance
   Roofers insurance protects roofing contractors if their employees are engaged in a work-related accident that results in bodily injury or property damage. 
   
   Because roofers operate at such a great altitude, the potential of an accident is substantially higher, whether due to a worker's slip or equipment falling from the roof.

Conclusion
As a contractor, you should carefully consider acquiring any or all of the forms of insurance listed above to protect yourself and your firm. 

Paying for insurance coverage is a far better alternative than needing to pay for claims that may even be large enough to deplete their resources and force them to close their doors permanently.

At Robinsons Insurance Agency LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 254-7350. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agency to go over your existing coverage. We are happy to help you make sure your needs are being met!