The risks that come with not having General Liability Insurance (at the very least) may seem tiny right now, but many General Contractors have discovered that this isn’t actually the case. In fact, there’s a very big chance that without the right insurance plan, you could lose your business if –and when – accidents happen.

IT WILL NEVER HAPPEN TO YOU

What kind of accidents? Here’s a list of the 7 most common construction site injuries in the US as reported by the Occupational Safety and Health Administration (OSHA):

  • Falls
  • Being struck by falling objects
  • Electrocution and burns
  • Caught in machinery or crushed by equipment
  • Slipping or tripping on cables, debris, and other obstacles
  • Trench collapses
  • Heatstroke and sunstroke

LIVING IN STRANGE TIMES

It is weird that so many General Contractors don’t bother with insurance, even when they are so aware of the things that can go wrong on site. You take safety measures to protect your staff, your work, your equipment, and your client’s property.

But what if something still goes wrong? It doesn’t even have to be your fault for you to find yourself at the losing end of a claim for damage caused.

Contractors have faced the same challenges for years and years, and lucky for you General Liability Insurance exists to protect you from these risks.

YOUR ON SITE SAFETY IS NOT ENOUGH

General Contractors take painstaking measures to ensure on site safety. You also have to protect your reputation for delivering good work with minimal hitches. The company with the fewest on site injuries and claims for damages is the winner.

Your reputation is worth its weight in gold in your very competitive industry. It can swing acontract in your favour. The bottom line is that you have to protect your from liability claims if you want to stay in business, never mind grow!

IS YOUR REPUTATION AT STAKE?

Of course you may not even be eligible for a contract is you don’t have insurance. In most states, General Contractors are required to carry General Liability Insurance in order to register as a General Contractor. You won’t be able to start work on larger projects without it. These policies also offer you the protection from losses if an accident should occur.

YOUR 3 POINT PROTECTION CHECKLIST

Here’s a 3 point checklist to help you choose a professional insurance agent that has your best interests at heart:

  • Do they work with A-rated insurance companies?
  • Will your insurance plan be tailored to your exact needs?
  • Will they provide the lowest price for the best coverage?

Don’t know what to do next? Contact Contractors Liability for a free 5-minute quote.

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