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Liability insurance gives protection to contractors against the risks of possible lawsuits that can result from workplace accidents, illness, bodily injury to employees or to other people on a work site.
Liability insurance for contractors provides an invaluable safety net because no matter how hard they aim for safe practices, there’s really no way to foresee if costly litigation can arise.
Liability insurance can form the basis for your contractor insurance coverage as the one you cannot do business without.
Simply stated, it’s the insurance policy that a contractor can build upon to reduce risks and enhance protection.
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Contractors general liability insurance, which is sometimes known as commercial general liability insurance, provides coverage for the types of possible lawsuits a contractor can face.
To get an idea of what general liability covers for a contractor, it includes: property damage, bodily Injury, illness that impedes the project from going forward, and reputation Injury.
For more information on contractors insurance and other insurance solutions contact the Arachas Group today at 630-289-4410.