As an artisan contractor, you may have been asked to provide proof of Contractors General Liability Insurance as a part of your contract. While it is essential to maintain this type of coverage for contracts, you should also keep Commercial Artisan Contractors General Liability Insurance in force to protect you and your business.
Commercial General Liability Insurance or CGL
Running a business is a gamble for any owner but especially so for contractors. Commercial general liability insurance coverage protects you, your company and your representatives from allegations of bodily injury or property damage, up to the specified limits of your policy. Policies provide the funds to protect you from the expense of out-of-court settlements, litigation, and judgments awarded by courts.
Legal Battles
If a customer files damages against you, or if you are named in a lawsuit, general liability insurance covers the insurance company’s investigation and attorney expenses, any judgment or settlement, medical expenses in case of injury and if bonds must be posted.
Injury Losses
You never know when a claim will happen. Losses can arise from bodily injury or property damages resulting from accidents on your job site or products you make, your business operations or advertising for your business.
Other Coverages
Commercial Artisan Contractors General Liability Insurance also provides the coverage you may not have thought about or know about. For example, advertising injury covers you in the event, your company’s marketing violates another entity's copyright. Business general liability insurance coverage may even offer a small amount of protection against alcohol-related accidents providing you are not a bar/restaurant or manufacturer or distribute alcohol – in which case you would need liquor liability insurance.
Contact a local insurance agent to help you figure out what’s best for you.