While employment laws cover many under worker’s compensation, they don’t protect contractors. Because of this, homeowners looking for renovation or business operators with contract workers may want to consider contractor liability insurance. Contractor liability insurance is what it sounds like; a type of insurance meant to protect against lawsuits when a contractor is hired for work.
Those who rely on contract workers are at risk if they do not own contractor liability insurance. No other type of insurance or employment laws will protect you from liability if something happens to your contractor. The only way to be sure your finances are safe is with contractor liability insurance. If one of your workers is injured on the job, the employer is always the first to get the blame. This happens all the time, unfortunately. But if you are properly insured, you’ll never have to worry about it.
If you are a contractor, you may want to consider buying contractor liability insurance, as well. Businesses are always looking for the safest and most risk-free workers to complete their jobs. Many these days are specifically searching only for those with a liability policy. It can even be considered a prerequisite for work on some of the higher-paying jobs. If they are confident that they are legally protected while you work for them, they’ll be happy to hire you. Just remember, contractor liability insurance doesn’t protect the contractor against construction defects.
We've saved up to 40% for our clients.
We take your company's current policy information and shop it with over 20 carriers when we receive the best rate we compare it to your current policy and if we're not saving you any money (for the same coverage or better) we contact our underwriters to apply discounts for you
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At E360 Insurance Services, we're committed to exceeding your expectations with personalized service. Our focus is on delivering optimal insurance solutions tailored to your unique requirements, all at the most cheap prices.