Insurance For A Contractor

Insurance For A Contractor
Insurance For A Contractor
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Commercial & contractor general liability insurance. General liability insurance, sometimes called commercial general liability (cgl) insurance or contractor general liability insurance, is a class of insurance that provides liability protection to businesses in the case of bodily harm or property damage during the course of business. Cost of contractor insurance. Insurance premiums or the cost of insurance varies depending on size of the company, how prone your industry is to insurance claims, total cost of property, etc.

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Contractors may need a variety of types of insurance coverage, depending on the specifics of the contractor’s company and the nature of their work, as well as state law requirements. Some of the different types of insurance contractors may need to include: Commercial general liability insurance. The cgl policy is a basic insurance policy that provides coverage for bodily injury and property damage from an accident during everyday operations, from their business locations or onsite, products made by the contractor, completed work, and advertising/personal injury. For example, the california department of industrial relations requires employers β€œby law to have workers’ compensation insurance, even if they have only one employee. ”. An average of $1. 92 per day. An average of $2. 22 per day. Basic includes $300,000 general liability, with no professional liability. A contractor general liability insurance policy generally covers events, such as:

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Find Out Which Contractor Insurance Company Is Best For You

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