General Liability Insurance for Contractors Massachusetts

Contractor General Liability Insurance
Protect Your Business from the Unexpected

Litigation has increased dramatically in the past decade, and protecting your business from potential risks is a necessity. If you’re a Contractor, Manufacturer, Wholesaler, Retail Store, Property Owner, Restaurant, Garage, or any type of business operations located along the North Shore or Greater Boston surrounding area, you can count on LoPriore Insurance to provide you with a General Liability insurance policy that will protect you from the liability risks every business faces.

 
Commercial General Liability offered from LoPriore Insurance Agency

WHAT IS IT

Commercial general liability insurance is a policy that covers the costs of bodily injury, property damage, and advertising claims damage made against your business. It can help you pay for related medical costs, damages, and even legal fees.

WHY DO I NEED IT

Contractor general liability insurance isn’t required. However, proof of liability insurance is often part of the qualification process for contractors when bidding on a contract. Additionally, it’s a great way for any business to avoid significant financial loss in the event of a lawsuit.

WHO NEEDS IT

All business owners can benefit from purchasing a general liability insurance policy to protect you from potential liability claims. Some situations require contractors to carry general liability insurance. You are required to have general liability insurance to obtain some professional licenses (like a general contractor license), to bid on certain jobs (especially government contracts), and to lease commercial property.

COVERAGE DETAILS

Many contractors face a high amount of liability risks at the worksite including worker injury and property damage. Personal injury, advertising injury, and completed products can also carry dangers of liability claims. Contractor general liability insurance protects you from these risks.

The policy provides coverage for bodily injury and property damage in the event the insured is legally responsible. General liability also provides coverage for liability arising from personal injury and advertising injury, medical expenses, accidents occurring on the premises or away from the premises and products, or completed operations. Also, coverage includes defense costs.

Personal Injury or Advertising Injury

This coverage is designed for injuries other than bodily harm including false arrest, malicious prosecution, invasion of privacy, and damage to reputation. Advertising injury refers to harm caused by an advertisement such as libel or slander.

Products and Completed Operation Injury

When damages occur that relate to items manufactured, sold, or distributed by your business, this policy provides coverage for the accumulated costs. It also provides coverage for completed operations. This work is completed, built, installed, or distributed for the intended use. 

Medical Payments

This provides coverage for medical expenses related to bodily injury that occurs on the premises owned or rented by your business. It also covers injuries related to your business operations. No party is liable for the medical claim payment.

Fire Damage Limit

This provides coverage for fire damages to rental premises due to the negligence of the insured.

Liquor Liability

Liquor liability is important for any business involved in alcoholic beverage manufacturing, sales, or distribution. It provides coverage in the event that bodily injury or property damage is caused by an individual whom you’re legally responsible for causing or contributing to the intoxication. Additional charges include furnishing alcoholic beverages to a person under the legal drinking age or under the influence of alcohol and violating any statute, ordinance, or regulation relating to the sale, gift, distribution, or use of alcoholic beverages.

Contractor General Liability Insurance FAQs

Does My General Liability Policy Cover Me for Bad Workmanship?

Your policy doesn’t automatically provide coverage for poor workmanship. However, some insurance companies offer optional coverage for this at an additional cost.

Does My General Liability Policy Cover Independent Contractors?

A general liability policy typically covers you and your employees for the scope of your business operation. It doesn’t automatically cover additional independent contractors. Still, you may have the option to temporarily add independent contractors to your policy as additional insured. Alternately, you can require your contractors to purchase their general liability through a contractor’s policy, listing you as the additional insured.

Will I Be Required to Pay a Deductible When I File a Claim?

For a property damage claim, a deductible is required. The amount of your deductible may be directly related to the cost of your monthly premium. For instance, if you have a low monthly premium, you may have to pay a higher deductible.

Is Contractor Liability Insurance Expensive?

The cost of your policy depends heavily on the amount of risk related to the type of work you’re doing. For instance, a roofing contractor might require a more expensive policy than a plumber.

How Do I Know If I Need Contractor General Liability Insurance or a Business Owner’s Policy?

A business owner’s policy (BOP) provides coverage for small businesses operating in a low-risk industry. It also combines your liability coverage with additional coverages like property insurance. High risk industries like construction usually aren’t eligible for a BOP, and if you don’t own commercial property, you’d likely be paying for more coverage than you need.

Learn More About Contractor General Liability Insurance

Every business faces serious liability risks each day. The costs of a lawsuit can add up quickly, putting a serious financial strain on your business, or even forcing you out of business. Contractor general liability insurance can provide you with the protection you need to move forward after an unexpected accident or lawsuit. Our experienced agents can help you find the right coverage that fits your budget so you can get back to the important details of running your business. Get in touch today to learn more about contractor general liability insurance or our other commercial insurance policies. Our experienced agents are standing by 24/7 to answer your questions or provide a quick quote for the policy you need.

Have any Question? Ask us anything, we’d love to answer!

Related Items

    18749

    InsurLink

    //