General liability insurance is an essential policy that will shield you against the biggest threat you face within the building industry, and just the right place to begin when you want more coverage for your business. Here’s what you should know about general liability insurance for contractors. Construction is one of the most dangerous professions – and it is also one of the most vulnerable. The people who work on the site are exposed to all types of potential danger, from injury to death, from environmental issues to theft, and more. A contractor general liability policy can help protect your company against legal fees resulting from an injury that occurs on your property or while using your facilities. In addition, it can help cover your medical bills if an individual is injured on your property. It can also cover your legal fees if you are sued due to an accident that occurred on your property. If you use a large amount of property for business purposes, you may be surprised to find out that you can have serious problems covered under your general liability policy. The next thing you should know about general liability insurance for contractors is that it will protect your business against property damage. There are many different factors that can affect the worth of a property, such as whether or not it was built according to code. Additionally, there can be a lot of emotional harm that can result from property damage, such as loss of job or loss of business income. Most contractors take great care to do their jobs well, but sometimes accidents can occur that cause damage to someone’s property. You may be held responsible for this damage, even if it was an accident that was caused by the negligence or wrongdoing of another contractor or employee. One of the best ways to protect your business from liabilities is to purchase liability insurance. This insurance will help you limit your losses in case a person is injured or killed on your property or is damaged by a product that you are responsible for selling. Personal injury and property damage claims made against you can hold you financially responsible for any medical and dental bills as a result of the injury or damage. When you are looking for a general liability insurance for contractors, you should ask your prospective insurance companies about special coverage options. You may want to consider adding additional protection beyond just injury or property damage. In particular, you might want to purchase coverage that protects you if your contractor fails to meet subcontractor work requirements. Many times, these requirements are designed to help ensure that your construction project is completed according to schedule. Your general liability insurance for contractors won’t cover you if your contractor falls behind schedule, doesn’t create a plan to finish the job, or doesn’t pay workers when they are owed. These additional plans can help you protect yourself from potential litigation from contractors that don’t follow proper plans. If you aren’t purchasing a full general liability insurance for contractors package, you will still need to ask your prospective insurance agents about liability coverage options. These options include mental health and property damages that occur during the course of your business operations. These types of incidents can arise at any point along the process of working with clients, so you’ll need protection in case something serious happens.