Contractor Liability Insurance
At Contractors 1st Insurance our agents have the experience to help you work through your questions when it comes to your Contractor Liability Insurance. We have over 30 years of experience finding the right liability insurance coverage for contractors. We have the policies you need to protect your company for the future.
Since we work with over 100 of the Nations Top Insurance Carriers our brokers have the ability to provide a quote for the hard to place risks and make sure you get the coverage you need quickly and conveniently.
Our brokers work closely with you to design a Contractor Liability Insurance program to fit your needs. Sometimes your coverage can become pretty complex, our experienced agents will help you to determine your risks and exposures then identify the liability coverage to fit your needs.
Let our knowledgeable agents help you find the best solutions to protect your company at a price that you can afford.
Call 800-369-3703 to get an immediate quote and speak to a live agent.
Contractor Liability Insurance Covers:
- Body Injury – This happens when someone, that doesn’t work for you, gets hurt during the operations of your business. This also covers if a third party is injured due to a malfunction in the product of the service that you produce.
- Property Damage – Works much like a bodily injury policy but for property. Liability Insurance covers the property of a third party if it is damaged during the course of business operations.
- Advertising Injury – Liability insurance covers you if a suit is brought against your company for an advertisement that has false claims and then causes financial damage to a competitor.
- Personal Injury – Liability insurance protects you against suits of claims of slander, invasion of privacy, trademark infringement, false arrest or wrongful eviction.
Who Needs Liability Insurance?
As a contractor you constantly have accidents happening on your job site. Every contractor should have the right amount of Contractor Liability Insurance to protect your company from problems that may occur.
Nowadays the cost of defending a lawsuit is often more than the suit itself. For most small business owners it is hard for them to absorb the financial hit they will take without adequate insurance coverage. The best way to make sure that you do not have to face this issue, it to carry enough liability insurance.
How Does Liability Insurance Work?
Under your General Liability Insurance policy, you will be responsible to pay any amount over your policy limit. So, if your company has a single occurrence limit of $1 million then if a suit and legal fees add up to $1.5 million then you, as the business owner, are responsible for paying the amount over $1 million.
Most companies that have a high risk of accidents have Commercial Umbrella Liability Insurance that will provide coverage over you normal liability insurance limits. With Umbrella Insurance you can also get coverage for other liabilities that your normal policies may not cover.
As a business owner, you can take a few steps in order to lower your insurance costs. Along with promoting workplace safety, contractors can have high product standards, proper reporting, proper company training, and speak to an experienced agent about other money saving tips.