Avoid These Errors When Selecting Contractor Insurance
The construction industry is very risky and things can go south very easily. Therefore, finding the right kind of contractors insurance in Los Angeles is important so that you don’t have to think about the financial repercussions if an accident happens. When you’re selecting your contractors insurance policy, be sure to avoid these common mistakes.
- Mistake No. 1: Assuming all insurers are the same.
Just because a company offers general liability insurance doesn’t mean that they are experts in contractors insurance and protecting contracting businesses. Make sure that you are working with a company who can address your basic concerns. Make sure to check out their website and online reviews to ensure that they are familiar with the type of coverage your contracting business needs.
- Mistake No. 2: Opting for cheap insurance
Sure, you don’t want to spend any more than you have to on insurance. It only makes sense to save where you can. However, choosing a policy solely based on price can be a huge mistake for contractors. Price is not always equivalent to quality service. Work with a trusted insurance agent who can find you reliable coverage for your budget.
- Mistake No. 3: Not understanding your coverage
As a contractor, you don’t want to spend too much time deciding on a policy and reviewing your terms. This can be a costly mistake to make. Not reviewing your coverage might mean that you think you have certain coverage for situation when you do not. Your insurance agent should review coverage with you to ensure you understand what is covered – and what isn’t.
Working with the right insurance agency can ensure that you get the right insurance for your needs. For assistance with your unique coverage needs, contact the experts at Artisan Insurance Solutions to get started today.