A Comprehensive Guide To General Liability For Contractors

​General liability insurance safeguards contractors from payment responsibilities in paying for unexpected accidents for their company. These include medical costs or damages resulting from third-party property damage, physical injury, or commercial injury that occurs during the policy period and is linked to or caused by the construction company.

This article will discuss and explain how contractors’ general liability insurance works.

Importance of General Liability for Contractors
The usual choice for an insurance policy when a problem occurs on the construction site is contractors' general liability. This fundamental insurance may defend you and the business from the worst-case scenarios.

A contractor's general liability insurance may not only be there for you if you or the business is held accountable for inflicting damage to property or physical harm, but in addition, it may also cover legal expenses.

General Liability Coverage
There are a lot of things covered by general liability insurance. Since unanticipated circumstances certainly happen in the workplace, availing of general liability insurance for contractors is essential to help reduce the costs of these accidents. 

1. Damage to Property
   Physical damage to real assets may be covered by this kind of insurance policy, together with any eventual loss of access to that asset. Small businesses are protected by general liability insurance when client property is harmed. If a customer chooses to sue you over property loss, this coverage may also compensate for the expense of the court case.
   
   
2. Harm to Clients
   At a customer's workplace, residence, or place of business, general liability insurance covers third parties' bodily injury brought on by the contractor's company or an employee. General liability may help reduce the costs of medical expenses and medications for the injured customer. 
   
   
3. Advertising Injuries
   ​It is common to unintentionally copy another company's tagline or imitate another marketing campaign when promoting your business and its building services. General liability insurance covers incidental publicity injuries, like plagiarism, slander, libel, and defamation. 

Conclusion
In any company, but especially for construction firms, unanticipated events occur that may affect the workflow of the business and may be costly to pay for. General liability helps reduce the costs of paying for accidents and injuries in or out of the workplace. With general liability, you can rest assured that you don’t have to spend too much on such unexpected circumstances. 

At Desmond Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (859) 491-5100. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!