Contractors
The primary purpose of purchasing contractor’s insurance is to protect oneself against liability. When working as a contractor, ample opportunities for injury or damage present themselves. By purchasing this type of insurance, you can protect yourself against a lawsuit or from other damage. Many different types of contractors can buy these types of policies and they can be customized to protect against the risks that are inherent with each individual type of profession.
Whether you’re a handyman, painter, plumber, or electrician, you should have insurance to protect yourself and your business. While it’s not required by law, Contractors Insurance can cover damage to client’s property for which you’re responsible. In many instances, the person or company that hires you will require you to have insurance before you start the job. Your insurance rates will depend on the type of job you do. Your rate can also be affected by the number of vehicles you have, your location, and your claim history.
