Contractors face a unique set of potential liabilities. As a business with physically demanding, strenuous, and sometimes dangerous work, it is important to take proper precautions. At Pacific Legacy Insurance, we offer a wide range of policies catered to the needs and risks of contractors.
The reality of being a contractor is that at some point, there will be liabilities. General liability insurance covers basic damages and injuries that occur in your field. This means that you will not have to pay out-of-pocket for expenses caused by accidents, injuries, or other unexpected problems.
All Contractors including General Contractors and Subcontractors face high risk. General liability insurance helps pay expenses related to third-party injuries and property damage.
If a visitor is injured at your jobsite or property damage occurs during a renovation, for instance, general liability insurance can cover medical bills or the cost of repairs. This policy provides liability coverage related to:
As perhaps the most common of liabilities, workers compensation is crucial for all contractors. This covers all work-related injuries and illnesses. That means that if an employee has a work-related injury or ailment, you are not responsible for the medical cost or payroll reimbursement while off work.
Property coverage protects contractors tools and equipment such as saws, nail guns, generators and other construction equipment from theft, fire, and other perils. You can also get coverage for materials that are on the site that have not been installed.
For contractors, equipment is always on the go, this insurance covers products and tools that travel from one job site to another and while on the site.
Pollution insurance is becoming more and more crucial for contractors. Due to the volatility and unpredictability of the climate, damage caused by pollution is becoming more common and more severe. This policy covers bodily injury, damage to property and clean-up that is caused by the environment.
Contractor bonds are required when licensed in. You may also need at some point Bid Bonds, LLC employee/worker bonds, Performance Bonds, Contract Bonds, we can help you with all bonds required.
