What You Should Know About General Contractors Insurance

As a contractor, you work on the “wild side” due to the high risks and dangers associated with your line of work. Being a contractor means that you are not covered by labor laws, such as workers’ compensation, and many times even unemployment.

Knowing that you are not covered by some employment laws is one reason you need to make sure you have contractor liability insurance coverage. You should take this contractor’s insurance to make sure you are covered in case of damage and other accidents.

You want the right policy at a price that works for you. Here are the answers to some of the most frequently asked questions about general contractor insurance.

Do I Need General Contractor Insurance?

Some states will not allow you to operate without this insurance, and even if you are in a state that does allow it, customers want you to have it. In today’s economy and environmental management, businesses and homeowners ask to see proof of liability insurance before allowing you to set foot on the project site.

A lawsuit can also occur when you are working on a site, and insurance is the primary protection. The contractor’s liability insurance won’t protect you against poor workmanship, but it will save you against many other things that can happen on-site.

What Types of Contractor Insurance Are Available?

The different types of contractor insurance you can get include:

  • General Contractor Insurance
  • Insurance for artisan contractors
  • Professional liability insurance
  • Builder’s Risk Insurance
  • Excavator Insurance
  • Electrician Insurance
  • Roofers Insurance
  • Plumbers Insurance

Choosing the Right Cover

There are several things you have to consider when choosing your contractor’s insurance coverage. They include:


The terms of your contractor insurance cover should be considered carefully. Take your time to go through what a particular cover has to offer to know the benefits you will enjoy. These terms usually vary from one provider to another. You should, therefore, compare them to choose the one with the most reasonable terms.


It is another essential factor to consider. You have to pay a certain amount for this type of cover. Rates may vary from one company or coverage option to another. Take your time to compare these rates to choose the best general contractor insurance.


You can also check reviews from different people who have applied for this type of cover. Their opinions can help you understand the perfect option. Consider these essential factors to choose the right general contractors insurance cover.