djamal-soft
الجمعة، 24 أكتوبر 2014
Contractors offer a wide variety of services and their work involves some risks. As a contractor you can protect yourself from losses if you buy general liability insurance. An accident can happen in your worksite and result in an expensive lawsuit. By choosing to buy contractors general liability insurance California dwellers can protect their businesses as well as themselves from unexpected events.
One of the things that general liability coverage protects is business assets. It provides the peace of mind that a contracting business will have the money needed to continue its daily operations even if it is facing a costly claim. It covers the legal fees that may easily cause a small construction or contracting business to become bankrupt. This includes the costs of lawyer fees, court expenses and witness fees among others.
Another thing that is covered by a general liability policy is bodily injury claims. It does not matter how careful you are when carrying out contracting operations, accidents can occur especially to untrained workers. If you have such coverage, you will not suffer heavy losses due to a lawsuit that involves bodily injury. If an injury occurs, your policy can pay for the funeral expenses of any individual who was seriously injured at a worksite and died. It can also pay for court awarded compensation as well as medical bills of injured individuals.
Your policy can also cover property damage claims. It will protect your business against the costs of lawsuits filed by clients who allege that you damaged their property. It will also protect your business against lawsuits related to the services you offer or the products you sell. For example, if you install cabinets with unstable shelving in a home and they end up injuring a homeowner, your policy will cover for the expenses resulting from a personal injury lawsuit filed by the homeowner.
If you regularly advertise your contracting business, you should buy a policy that covers for brand or copyright infringement. Allegations that your business copied the advertising methods of another business or caused other types of nonphysical damages can arise. These allegations are common because of the competition that exists between businesses in the same industry. A licensed insurance agent can assist you to assess the risks of being a contractor and buy a good policy to ensure that your business will not be defenseless against lawsuits.
As you buy contractors general liability insurance, you should consider the gross income that your business makes, the type of contracting work you complete and your contractor class. You should also consider how much coverage you want and compare quotes from a number of insurers. It is also wise to choose an insurer that has a good rating.
You should be willing to honestly answer the questions that insurers ask in order for them to provide you with quotes. You should create a record of every quote, noting how much each insurer charges. You should also find out more about the performance of different insurers from other contractors.
With quotes on hand, contractors can know how much their policy will cost. They can therefore make informed decisions on which insurer to buy a policy from. After deciding which company to buy a policy from, they should make a down payment for the policy they choose and continue making the monthly payments. The insurer will provide them with a certificate of insurance.
One of the things that general liability coverage protects is business assets. It provides the peace of mind that a contracting business will have the money needed to continue its daily operations even if it is facing a costly claim. It covers the legal fees that may easily cause a small construction or contracting business to become bankrupt. This includes the costs of lawyer fees, court expenses and witness fees among others.
Another thing that is covered by a general liability policy is bodily injury claims. It does not matter how careful you are when carrying out contracting operations, accidents can occur especially to untrained workers. If you have such coverage, you will not suffer heavy losses due to a lawsuit that involves bodily injury. If an injury occurs, your policy can pay for the funeral expenses of any individual who was seriously injured at a worksite and died. It can also pay for court awarded compensation as well as medical bills of injured individuals.
Your policy can also cover property damage claims. It will protect your business against the costs of lawsuits filed by clients who allege that you damaged their property. It will also protect your business against lawsuits related to the services you offer or the products you sell. For example, if you install cabinets with unstable shelving in a home and they end up injuring a homeowner, your policy will cover for the expenses resulting from a personal injury lawsuit filed by the homeowner.
If you regularly advertise your contracting business, you should buy a policy that covers for brand or copyright infringement. Allegations that your business copied the advertising methods of another business or caused other types of nonphysical damages can arise. These allegations are common because of the competition that exists between businesses in the same industry. A licensed insurance agent can assist you to assess the risks of being a contractor and buy a good policy to ensure that your business will not be defenseless against lawsuits.
As you buy contractors general liability insurance, you should consider the gross income that your business makes, the type of contracting work you complete and your contractor class. You should also consider how much coverage you want and compare quotes from a number of insurers. It is also wise to choose an insurer that has a good rating.
You should be willing to honestly answer the questions that insurers ask in order for them to provide you with quotes. You should create a record of every quote, noting how much each insurer charges. You should also find out more about the performance of different insurers from other contractors.
With quotes on hand, contractors can know how much their policy will cost. They can therefore make informed decisions on which insurer to buy a policy from. After deciding which company to buy a policy from, they should make a down payment for the policy they choose and continue making the monthly payments. The insurer will provide them with a certificate of insurance.
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