Insurance For Your Independent Property Maintenance Contractors
To keep your commercial property in pristine condition, you probably hire independent property maintenance contractors. They’re self-employed and take care of everything from building repair to basic remodeling. 
Before you hire independent property maintenance contractors, make sure they have the right insurance coverage.
Why Your Independent Contractors Need Insurance
Your company pays for employee insurance coverage, but independent contractors are self-employed and carry their own insurance. These policies cover their liability if they cause property damage or an injury. To prevent your company from being liable, inspect your contractors’ insurance policies before they start work.
Insurance Coverage for Independent Contractors
Ask potential independent property maintenance contractors to show proof of several different business insurance policies.
Bodily injury: Covers medical payments if the contractor’s action, tools or machinery cause an injury on the job site.
Property damage: Pays for any property damages caused by the contractor.
Completed operations: If the contractor overlooks a detail or makes a mistake that results in an accident or damage, their completed operations insurance can cover the related costs.
Errors and omissions: The property maintenance contractors could recommend a repair or other action that causes you to suffer a loss. Their errors and omissions insurance covers that liability, including their legal fees.
Medical and disability: When a self-employed contractor suffers an illness, injury or disability that requires medical attention, their medical and disability insurance will pay for the treatment.
Contractors’ tools and equipment coverage: Anyone who performs property maintenance will own a variety of tools and equipment. This specific policy will cover that property if it’s damaged, lost or stolen on the job site, in a storage facility or from a vehicle.
Commercial vehicle: The contractors you hire should insure their vehicles in case they’re in an accident or the victim of a hit-and-run accident.
Contract liability: Contract disputes may arise if the independent contractors you hire don’t follow through on the work they promise to do. Ensure they have contract liability coverage in case they can’t meet their commitment.
Advertising personal injury: An advertisement could damage someone else’s reputation, cause slander or libel, or be considered false advertising. Advertising personal injury insurance covers any related liability and ensures the contractors you hire can remain in business and on the job.
Update Your Insurance Coverage
In addition to ensuring the independent contractors you hire have the right insurance coverage, update your policies. You will need adequate insurance if you’re responsible for any liability caused by the contractors you hire.
The self-employed property maintenance contractors you hire should have adequate insurance coverage. Verify their policies before you hire someone to do work on your commercial business property.