What coverage is essential for a professional contractor?

[eilegna]

Insurance can be a headache, right? I'm looking for advice on the must-have insurance coverage for contractors. Any horror stories or success tips to share when it comes to dealing with insurance matters?

[Buttercup]

Hello there! When diving into coverage, see it as your ultimate professional safety net. General Liability Insurance is non-negotiable—it's got your back for injuries, property mishaps, and legal hurdles. If you're rocking a team, Worker's Compensation is your sidekick. And for the extra layer, match your trade with specifics like Builder's Risk or Professional Liability. Remember, customizing your coverage to fit your unique needs is the secret weapon🛠️

[awzome404]

Yeah, insurance can definitely be a headache, especially for us contractors. From my experience, general liability insurance is a must-have to cover any accidents or damages on the job site. Also, don't forget about workers' compensation to protect your team in case of injuries.

[eilegnaa]

For contractors, essential insurance coverage includes general liability for property damage or injury claims, workers' comp for employee injuries, and possibly professional liability or commercial auto insurance. Better safe than sorry when it comes to protecting your business! 💼🔨🚧

[DonCatter]

Hey! For a professional contractor, essential coverage includes liability insurance to protect against accidents or damage on-site. Workers’ compensation is crucial for covering injuries to employees. Also, make sure you have adequate property insurance for tools and equipment. It’s all about peace of mind!