There is risk in any industry, but more so for contractors than others. A single accident could lead to a settlement or damages your business may not be able to afford. To protect your business, it is imperative that you have adequate general liability insurance to meet your level of exposure. Additionally, you must have general liability coverage to be eligible to perform work for certain clients.
For most businesses, general liability insurance is bundled with other coverage in a business owner’s policy (BOP). However, as a contractor, you may not need or want all the coverage typically included in a BOP. If that is the case, you may be eligible for a contractor’s general liability insurance without a BOP at a better rate.