General liability insurance is essential for contractors , protecting them from a wide range of potential risks and financial liabilities. This type of insurance is designed to safeguard contractors against claims involving bodily injuries, property damage, or personal and advertising injury caused by their business operations. For contractors, accidents can happen on job sites despite best efforts to maintain safety. For instance, if a worker accidentally damages a client’s property or a passerby gets injured near the construction site, the contractor could face expensive lawsuits. General liability insurance helps cover the costs of legal defense, medical expenses, and potential settlements or judgments. Typically, a contractor purchases a general liability insurance policy from an insurer. The policy outlines the coverage limits, premiums, and exclusions. When an incident occurs, the contractor files a claim with the insurer, providing detailed information about the event. The...
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