How General Liability Insurance Protects Construction and Contracting Businesses

Construction and contract work encompass some of the most diverse occupations, and with this diversity comes a number of risks. While some contractors and construction businesses have storefronts that clients could visit and potentially sustain an injury on the premises, others install drywall or kitchen cabinets in homes and could be held liable for the products if they inadvertently cause harm.

Contracting and construction business owners rely on adequate General Liability Insurance to safeguard their business against the mounting risks of potential lawsuits over accidents, injuries, and illnesses — especially in today’s litigious environment.

How General Liability Insurance Protects Construction and Contracting Businesses

Contractors benefit from General Liability Insurance in three ways:

  • General Liability coverage protects your business assets. If a third party alleges bodily harm, injury, or property damage, and you don’t have General Liability coverage, your contracting or construction business assets could be seized to pay the judgment.
  • General Liability Insurance offers a survival plan.This coverage ensures your contracting or construction business can survive if a judgment is passed, and cover court costs and settlements up to the specified policy limits.
  • General Liability gives your contracting or construction business and your employees security. With this coverage, you can carry out daily work knowing you and your employees are protected from uncertainty. General Liability coverage protects your business against claims brought against the company as a whole, as well as claims brought against individuals employed by the company.

For a contractor or construction business, General Liability Insurance offers the peace of mind that their contracting or construction business will have the necessary funds to continue daily operations — even when faced with a costly claim. General Liability Insurance covers the legal fees that can easily bankrupt a small contracting or construction business, such as the cost of attorney fees, witness fees, court expenses, and more. After a lawsuit, General Liability for construction and contracting businesses can be the difference between never opening your business doors again and weathering the storm still on your feet.

Talk to your agent to learn more about your General Liability coverage options.

 

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