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Construction General Liability Insurance Protection is essential coverage. But why? If you work in the construction industry, then you know that there are specific insurance policies you must carry to protect your business. It helps protect your contracting business from financial loss in the case of bodily harm, property damage, and advertising injury.


Why General Liability Insurance works

Here are the top 5 reasons why construction general liability insurance protection works:


1. It protects against the unexpected

Since most of the work done in construction poses significant risks to property and people, general liability insurance is particularly important. It protects your business against the unexpected. You may think you have control over every aspect of operations, but face it, some factors and variables are simply out of your control.

Don’t worry about what could happen. Lliability insurance can give you peace of mind, thus allowing you to focus on what matters — running your business successfully.



2. Legal compliance isn’t voluntary

Contractors or developers may be required to have a minimum level of liability insurance either by law in some states or to win contracts. And failure to carry legally required coverage could result in high fines, civil or criminal penalties. It could also cause revocation of licenses. All of which, we might add, could cost you far more than the price of an insurance policy.

Even if not a legal requirement, not having construction general liability insurance protection could exclude you from procuring public contracts.


3. You could get sued

We live in a litigious society. In the event of a lawsuit or liability claim, without insurance, your business might not recover financially. One accident, one damaged property, one defamation claim, and it’s over. And even if you win the suit, you could still go out of business due to the cost of legal defense.

However, if you have construction general liability insurance protection, your legal fees and any court-ordered judgments and settlements are covered up to your policy limit.


4. Makes you look credible

Do you regularly place bids for large contracts? Having a general liability insurance policy in force could help you close more deals for the mere fact that it makes your business look credible. Liability coverage shows your prospective clients and customers that you’re a safe bet. It tells them that, should anything go wrong while working for them, you have a way to compensate.

Moreover, many client contracts require that you carry liability insurance. Having your policy already in force puts you one step ahead of the competition.


5. Helps to attract and retain employees

One of the biggest challenges in the construction industry is the growing shortage of workers. Workers today avoid construction jobs as they perceive them as dangerous, difficult, and dirty. Having insurance can help you attract and retain skilled employees. While workers’ comp protects them from financial hardships associated with work-related injuries and occupational disease, general liability insurance protects them against possible third-party injury and property damage claims and the liabilities that may arise from this.


Without this protection, you may lose a good employee to a company that does.


Find out more about construction General Liability Insurance protection

John Brown President Farmer Brown Insurance (888) 973 0016

John Brown – President

Have any questions regarding construction general liability insurance protection for your business? Call Farmer Brown Insurance on (888) 973-0016. We can help you secure the right coverage for all your business needs today.

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