4 Reasons To Consider a Construction Liability Insurance Company

Posted by One West Insurance Services Inc on March 20th, 2020

We may not be fully aware of this, but working as a contractor takes into consideration high number of risks. In the end it is a tiring and physically demanding task or job. Every single day, these workers have to deal with many potentially dangerous tools, machineries and equipment. There are number of factors as well as variables that you may not be able to completely handle, and they are essential part of the job. Since this issue prevails, it becomes imperative to get additional protection by getting help from a construction general liability insurance policy.  

What are some of the most commonly practiced contractor jobs or task? The following is a list of the same: general contractors or handyman, carpentry, painting, electrician, plumbing, construction and gardening or landscaping.  

Each and every jobs or tasks listed above come with different risk factors. Not just to you, but the risk can also impact your client's property which you are currently working on. Accidents can happen even when we take all the precautionary measures. Below are 4 great advantages of investing in a contractor general liability insurance policy.

Protection against injury

The most prominent thought for considering a contractor of liability insurance is to get protection against various forms of injuries. As we discussed previously, contractor work is pretty much physically demanding and is also highly dangerous. There can be two major scenarios with that: You may be working high up in scaffolding, taking care of electrical wires, or you can be making use of heavy equipment, where potential injury is possible.

Shielding against damage of property

There is always the threat on the property in which you are currently working o to get damaged. You may unintentionally hit a pipe, that can lead to flooding. There can also be instances where there is failure of certain products that you installed. You can also accidentally knock over an highly valuable artwork on display. Contractor insurance will make sure that the damages made are compensated in due course of time.

Employee and asset protection

It will always a good things to find assurance that knowing that your employees and the assets that they are managing are in good shape and most of them are covered for anything that might happen due to natural reasons or human errors.

Covering legal fees

For instances when actions do not lead to legal action, your insurance advisor can help you with the estimated legal fees. Court cases can last for some time and can also waste your precious time and keep you off from your work. You can have some form of coverage for the various legal fees. This takes into account attorney fees as well as witness fees.

Consider this post and make sure to use construction general liability insurance for your company’s benefit.