Contractor's insurance is an umbrella term encompassing insurance policies designed to protect general contractors, contractors, and subcontractors on the job. Some of the many types of contractors include:
- Heating & Air Conditioning firms
- Janitorial Service providers
- and more
Contractors Insurance is absolutely necessary for contractors. Depending on how many general contractors and subcontractors you work with, you may hold several contractors for any given job. If it’s not a real accident, it’s someone claiming to have one, and the cost alone of a lawyer to defend a contractor can be enough to put a business out. Fortunately, your local insurance representatives can help by making sure you've got the proper coverage for your business, and reviewing any legal agreements.
Contractors may also be interested in covering themselves against computer damage and/or office contents insurance.