contractor insurance

Lehigh Acres General Liability Insurance

Working as a contractor in Lehigh Acres, FL has some risks that you need to be aware of. These risks included third-party liability and physical harm. In order to protect yourself, it is recommended that you have General Liability Insurance.

Why Do You Need Contractor General Liability Insurance in Lehigh Acres, FL?

When you are contracting with a company to do work in your home or business, you are putting yourself in a very risky situation. If something goes wrong and your contractor is at fault, they could be held liable for any damages that occur. This can include expenses related to repairs, lost income, and even personal injury.

To prevent these risks, you should strongly consider purchasing contractor general liability insurance. This insurance will cover you for any legal judgments or settlements that may arise from any accidents or incidents that take place while the contractor is working on your project. By having this coverage in place, you can feel confident that you will not have to pay out of pocket if something goes wrong.

There are a variety of types of contractor general liability insurance available, so be sure to shop around and find one that fits your needs perfectly. Make sure to ask about exclusions and limits on coverage so that you know what is included and what is not.

What are the Factors To Consider When Choosing Contractor General Liability Insurance in Lehigh Acres, FL?

Contractor General Liability Insurance can provide peace of mind for businesses in Lehigh Acres, FL that are engaged in construction or other high-risk occupations. There are a few factors to consider when choosing this type of coverage:

The Nature of the Work: Certain types of work are inherently more risky than others, and contractors should ensure that their insurance covers activities that may lead to liability claims.

Expected Damages : The higher the potential damages associated with any liability claim, the more premium money a contractor will need to carry insurance for general liability.

Coverage Areas : General liability insurance typically covers businesses from bodily injury and property damage caused by their employees, customers, or contractors. It is important to make sure the policy covers all areas in which your business operates.

Claims History: A good rule of thumb is to buy coverage that equals at least one million dollars of expected liabilities per occurrence. This way, you’ll be prepared for any liabilities that may arise.

Coverage Options

When choosing contractor general liability insurance in Lehigh Acres, FL, it is important to understand the different coverage options available. The three main types of coverage are bodily injury, property damage, and public entity.

Bodily injury coverage protects a contractor from financial losses stemming from injuries that occur to coworkers or customers during the performance of their duties. Coverage typically includes payouts for medical expenses, lost wages, and pain and suffering.

Property damage coverage helps cover costs associated with damage to business property, such as computers and tools. And public entity coverage provides protection from lawsuits filed by disgruntled customers or co-workers who claim that the contractor negligently injured them.

Coverage can be customized based on the specific needs of a contractor’s business. For example, property damage protection may be unnecessary if the contractor does not own any business property. And public entity coverage may be unnecessary if the contractor does not do any work for public entities (like municipalities). Ultimately, it is important to speak with an insurance broker to determine what is best suited for your specific needs.

Comparison of Quotes

“When it comes to contractor general liability insurance, you want to be sure that you have enough coverage to protect yourself and your business. The amount of coverage that you need will depend on the type of business that you are in and the size of your operation. Here are some estimated coverage amounts for common types of businesses.”

– “A home improvement or construction company with five employees would need $1 million in coverage.”
– “If your business operates as a trucking company with 10 employees, you will likely need $2 million in coverage.”
– “If your business consists of 20 employees or more, then you will likely require coverages up to $5 million.”