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General liability insurance (GL) protects against lawsuits and other claims arising from your operations. Also called business liability insurance, it covers a wide range of risks that small business owners face, including: Bodily injury and property damage. Personal and advertising injury. Medical payments.
Apr 18, 2023 · A business owners policy (BOP) bundles three important coverage types: general liability insurance, including independent contractor liability insurance; business interruption...
Oct 25, 2023 · Last Updated Oct 25, 2023. As one of the most common types of insurance, general liability insurance mitigates risk for construction businesses. This type of policy protects contractors against claims that their work caused bodily injury or property damage. A single large settlement from a liability claim could financially ruin a contractor, so ...
Liability insurance for contractors and subcontractors. Contractors insurance is coverage that can protect your business from devastating financial debts that can result from work-related accidents. It’s important to protect your livelihood with adequate coverages and limits that match your exposure in case your business is threatened.
Sep 18, 2023 · General liability insurance for contractors and construction businesses. General liability insurance covers basic risks in the construction industry, like accidental damage to a client's property or a customer injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
What types of insurance do general contractors need? These commercial insurance policies cover the most common general contractor risks. General liability insurance. This policy covers basic risks, such as a client who trips over your toolbox and suffers an injury. Bundle with commercial property insurance for savings in a business owner’s policy.
Apr 18, 2024 · General liability insurance is the foundation of risk management not only for construction businesses but for almost any small business, as it offers protection from common claims relating to injuries and property damage caused by your business.
