Most contractors carry insurance to protect their businesses, in addition, jobs the contractor wishes to bid on may require a specific type and amount of insurance before the contractor is allowed to submit the bid. General liability under your contractor’s policy, is part of the requirements for a contractors license and should be kept current at all time. The liability portion also covers events like accidents on your job site. Bonds necessary for construction contracts are also under your contractor’s insurance and are used when a customer requests proof of your bonded status. Regardless of your specific construction specialty, a contractor’s policy can protect your business and is a necessary part of your day to day operations in this field.
Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.