Contractors Insurance in Statesboro, GA
Contractors are responsible for completing projects correctly and on schedule, which can expose them to various risks. Contractors insurance may provide financial security in case of accidents, damage or legal claims.
What Is Contractors Insurance?
Contractors insurance is generally a combination of different insurance types designed to safeguard contractors and their businesses from various financial losses associated with their work.
In many states, contractors need insurance to get licensed or pull permits. For instance, to get a contractors license in Georgia, your business must have general liability insurance. If you have three or more employees, you must also get workers’ compensation insurance.
Some contracts with clients, subcontractors or suppliers require specific insurance coverage. You could face legal issues or financial penalties if you don’t meet those terms.
What Does Contractors Insurance Usually Cover?
Your construction insurance policy can be built around your needs. Your agent may recommend these types of coverage:
- General liability insurance may help cover costs tied to third-party injuries, property damage or personal injury claims.
- Workers’ compensation insurance may help pay for medical bills and lost wages if an employee becomes sick or injured because of their job.
- Commercial auto insurance may help cover injuries, vehicle damage and liability after an accident involving your company vehicles.
- Commercial property insurance may pay for losses related to physical assets, including office buildings, equipment and tools.
- Builders risk insurance may help cover damage or loss to a building or structure while it’s under construction.
- Professional liability insurance may provide financial support if a client claims mistakes or missed details in your work.
Get in Touch
Contact Best Rate Auto Insurance today to compare quotes and find suitable coverage. Our agents are here to guide you as you explore options.