As an owner of contractor's insurance, you should find out more about the policy now that you have it. Do not be afraid to do more research to get to know what the policy can offer you. This way, you will be able to find out some of the answers to questions about contractor's insurance as a whole.
Listed below are five facts that you should know about contractor's insurance even if you have it already.
It Offers Protection from Third Party Injury
First, you should know that contractor insurance usually protects you from third-party injury or damage claims. It means that if you injure yourself or any member of your team through a third party, this particular insurance policy should cover it.
It Offers Protection For Property Damage
The contractor's insurance also takes care of additional coverage for constructing buildings and other similar projects. It means that it protects those involving construction as well as the property itself. You won't have to think of additional expenses if something happens to your workers on the site.
The Policy Protects Subcontractors
Additionally, third-party injuries may include those incurred by subcontractors as well as the foreman and engineer himself. Thus, the protection this insurance policy offers extends to all the members of the construction team.
If you are part of the construction project, you have the right to this particular policy. Knowing this, if you work for a company that does not offer this particular policy for their workers, you have all the right to complain.
Full Protection and Coverage
It is also important to note that this particular insurance policy aims to protect all those involved in the construction from the financial repercussions of physical and structural damage regardless of who caused the accident.
It is why you should have read the fine print as soon as you got your own contractor's insurance policy. This way, you will protect yourself and your team from any exceptions from insurance in the future.
In addition to this, the contractor's insurance also covers risks and some natural calamities. For example, if your construction site gets damaged because of storms or fires, the policy can reimburse you for sure.
Contractor's insurance was created for the protection of the workers on any construction site. If you have your own contractor's insurance, make sure that it has all the right features to protect your employees effectively.
This way, you will gain public trust and have the best construction projects and people around you.
Additionally, do not hesitate to ask your insurance company about any questions regarding your policy. This way, you will be able to figure out the features that would be best for your employees instead of any additional factors you might include in the policy itself.
Our agents and representatives will surely help you out.
At Black and Associates Insurance, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (509) 464-0058. You can also request a free quote by CLICKING HERE.
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