General Contractors Insurance

1. General Contractors Insurance Anything can happen when you work in construction. From irate customers to injury on the job, General Contractors Insurance is the perfect safeguard from the potential financial burden an unexpected problem may create. It’s a lot more comprehensive than a Business Owners policy and has helped numerous contractors weather even the toughest financial storms. Nair Insurance is here to help provide you find the best type of Contractors Insurance that fits your business. Most states already require General Contractors Insurance and most clients will want to make sure you have an existing policy. Among the things General Contractors Insurance can pay for include: Compensatory Damage This covers financial losses depending on what may be outlined in the claim Punitive Damages This covers legal fines you may need to pay due to violations you may have been found guilty of or for mistakes made during your work General Damages This covers a broad range of issues from ‘pain and anguish’ and ‘suffering,’ as determined in the insurance claim. Among the things that are covered by General Contractors Insurance include repairs to property that may have been damaged by your work, injuries incurred by your client or your employees due to your work or reputational damage due to your work. Among the coverages include: Professional Liability Insurance 0This protects you from possible damages you may have to legally pay for if you’re found negligent in court. This protects you from possible claims where you were unable to perform your work properly or improperly gave advice. Among the coverage of Professional Liability Insurance includes personal injury, alleged or actual negligence, allegations from previously performed jobs, and damages. This coverage also includes legal defence fees and finished work General Liability Insurance This protects you from issues and claims involving bodily injury or property damage. This insurance is important if your business deals with client’s personally or have access to their equipment. This can include for coverage for the actions of employees and temporary staff. General Contractors Coverage is key to the long life of any construction business. It’s more than just a legal requirement, and Nair Insurance can help the best policy to suit your line of work.