Contractors work in a sensitive line of duty where a small fault can lead to tremendous or permanent damage. Although contractors are professionals, they are humans who can make errors. Their tools, equipment, and machines can fail, and natural catastrophes can occur when they are on site. Due to these faults, contractors need a contractors liability insurance policy to protect them when such issues arise. Construction businesses are at high risk of being sued due to errors, accidents or events not in thei
This is a basic insurance policy that all professional in the construction industry should at least have. Many countries require all businesses to at least have this policy as it covers claims for injuries, property damages, and projects not satisfactorily completed.
The GL package consists of basic coverage which includes.