CSIS Insurance Services, Inc. Blog
Businesses working in the contracting sector face higher risk because they have to work with the client's property. For instance, if your contracting business is working in the construction field, you are responsible for the materials owned by the client. A general liability insurance will come to the rescue if you are facing lawsuits from dissatisfied clients. So, what do contractors need to know about this policy? Here are some things you should learn about general liability insurance
When General Liability Insurance is Needed
Your contracting company should consider getting general liability insurance if:
Coverage of General Liability Insurance
A general liability insurance policy can protect your construction company from:
Limits in General Liability Insurance
Your insurance policy will state the limit on how much your insurer will pay. The insurance company will set two limits, which are the limit in each occurrence and the limit in a policy period (aggregate limit). Contracts from a third party would usually require your company to have a limit of $1,000,000 per occurrence and $2,000,000 aggregate limit. Make sure to measure the risk before determining the limit that you need, because you might need more than the minimum.
A general liability insurance provide great protection against liability risks a contracting company could face. Liability insurance needs as well as other business insurance needs differs from one contracting company to another, and our agents would be happy to help you in determining the details of your coverage.
At CSIS Insurance Services Inc., we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (888) 501-2747 or Click Here to request a free quote.
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