As a General Contractor, you find yourself in many different situations, locations and work environments. You may have employees or do all the work yourself. And even though you are experienced, trained and follow safety protocols, accidents can happen. You don’t always have control of your environment or what others, including your employees, do while you’re on the job.
An underground cable gets cut on a dig, a wall is badly damaged during a home renovation project or a client trips and falls over equipment left in the wrong place. From property damage to bodily injury, accidents can occur at any time and can be catastrophic to your business and your livelihood.
While you can’t always control what happens on the job, you can control the impact accidents can have on your business. Third-party lawsuits can derail a business. Commercial General Liability (CGL) insurance can help mitigate the losses you might experience from liability claim.
CGL policies typically include coverage for:
- financial losses resulting from third-party lawsuits claiming bodily injury or property damage at a job site or your place of business
- damages from accidents on a job site, such as slips and falls, as well as any damage to third-party property caused by the contractor’s work
- damages that might occur after work has been completed
It’s also important to note that many clients and municipalities require contractors to have CGL protection before they can work on a project. Coverage and options vary, but a good rule of thumb is to prepare for the worst possible scenario when determining coverage amounts.
Don’t let an unexpected lawsuit ruin your business. Protect your business and your livelihood with CGL coverage. At Reliance Insurance, we tailor your policies to your specific needs.
Let us help you protect what matters most. At Reliance Insurance, we tailor your policy to your specific needs. Contact us today for business insurance advice, to review your existing policy or for a quote.