With plenty of on government contract jobs, it’s always a requirement that the company provide proof of liability insurance as part of the process for qualification. Below is an explanation of the contractor’s insurance along with its benefits.
By having a promising construction insurance policy, you can ensure added protection on your business from damages or lawsuits made by claims during the process of construction. Among the most valuable advantages you can gain from having liability insurance are:
You can use construction liability insurance in the following circumstances:
The associated cost with your liability insurance usually depends on the perceived risks that come with the type of work your company handles. If your business has low risks, you should consider policies under the Business Owner’s Policy instead of liability insurance.
Usually, serious risk damage commercial contractors – such as roofing contractors or those who get involved with highly specialized trades – are the people that have the most insurance coverage. It’s always vital that you get insured by a company with ratings as B as the minimum. The higher the rate, the better.
Other damage covered includes liability for advertising and personal injury. In the building trades, the best policy is always having the right amount of insurance against liability, no matter the size of your job.
At Black And Associates Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (509) 464-0058 or Click Here to request a free quote.
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