Insurance Guide 2021: General Liability Coverage For Contractors

​Contractor general liability insurance covers the medical bills due to work-related damage. The amount owed is from the damages caused by injury, property damage, or personal injury.

The contracts are recommended to get this coverage as this protects them. Aside from this, insurance is also a requirement for them to get accepted for work.

Coverage of Contractor General Liability Insurance
General liability insurance is protecting contractors from financial payments. That arises from business operations. But, damages such as faulty quality or insured's work are not covered by this. The following are the coverages applicable to the insurance

• Injury
  These are claims due to injury, sickness, or death of a person.
• Property Damage
  These are the damages or physical injury on the property itself and the resulting loss of its use.
• Personal and Advertising Violation
  These are charges from false accusations, copyright infringement, malicious prosecution, and slander. Or any violations of human privacy. 
• Product and Completed Operations
  This coverage only covers the work completed during the policy period.
• Medical Payments
  The policy covers the medical expenses to be paid caused by injury during the policy period.

Relation of Claims With Insurance
Based on covered claims, there are two types of general liability insurance. These are occurrences and claims-made policies. Occurrence policies protect the claims that occurred during the policy period. No matter when it is filed. 

On the other hand, claim-made policies only cover the claims if they happened when the policy is active. These policies are not accepted as a form of general liability insurance coverage. Now, contractors have to carry the occurrence policy. They must further focus on claim processes through this.

Conclusion
Accidents can happen anytime, so it is better to be prepared for such unexpected events. It will help you when you need to pay for the damages or medical expenses. This is for your own protection so you can have a safety net when a crisis comes.

At Desmond Insurance, we do our best to ensure 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 (859) 491-5100 or Click Here to request a free quote.