Understanding General Liability Insurance Coverage For Contractors And Construction Businesses

​Insurance of general liability covers customer injuries, property damage, and related lawsuits. Businesses involving commercial leases and contracts are usually required to have coverage. Employees such as general contractors and carpenters as well as construction businesses and contractors face high risks. In cases of injury or damage at your business site, general liability insurance can pay for the costs of medical bills and repairs. General liability insurance coverage involves: 

1. Customer injury
   In case of a customer getting injured, while you’re attending to electrical or carpentry work, you could be sued for the injury. This entails paying for the customer’s medical and legal expenses, but with general liability insurance, you can be covered for attorney fees, settlements, court-ordered judgments, medical expenses, and funeral bills due to fatal incidents. Employee injuries are not covered by this policy, a separate workers’ compensation insurance must be purchased for that.
   
   
2. Customer property damage
   You are safeguarded by general liability insurance when it comes to damaged client property which covers for the property’s cost of repair or replacement. This also covers lawsuit costs in case a client takes action against you for the damaged property.
   
   
3. Libel and slander
   At times, unintentional replication of another business’ slogan or campaign may happen during advertising or promotion. In cases of accidental advertising injuries, such as copyright infringement, defamation, both libel, and slander, it is covered by general liability insurance.
   
   
4. Products-completed operations
   Products-completed operations coverage guards your business when your completed work caused damage to property or injury to a person caused by faulty workmanship. This coverage would protect the business owner from possible lawsuits in the future, should the customer file a complaint.

Conclusion
Managing one’s business can be challenging at first as it entails an effort to start up a business more so to maintain its reputation and keep it going. By understanding the components of general liability insurance coverage for contractors and construction businesses, you could handle your business safer and better. Ensure that your insurance policy addresses all of your business’ potential risks.

At Desmond 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 (859) 491-5100 or Click Here to request a free quote.