What is Independent Contractor Liability Insurance?

Do you need independent contractor liability insurance?

If you are an independent contractor or tradesperson, then you are responsible for carrying your own insurance.  One of the coverages that you cannot afford to skip out on is liability insurance.  Liability insurance offers contractors protection against claims of third-party bodily injuries, property damages, and other losses.  Here are some of the reasons why it’s so important to have the right independent contractor liability insurance in place.

It May Be Required

If you work in certain industries, such as construction, you are required to carry a general liability policy.  Additionally, certain states require contractors, regardless of specific industry, to carry this form of protection.  Finally, this type of coverage might be a requirement for securing commercial leases or business deals.  In any of these cases, you will need independent contactor liability insurance to legally perform business operations.

It Will Save You Money

While securing the right liability insurance will obviously require financial investment on your part, having this protection can actually save you a considerable amount of money in the long run.  For instance, imagine that you were hired to repair someone’s roof.  During the course of your repair you might accidentally drop a hammer off the roof.  If this hammer were to strike someone as they were passing by, then you would be responsible for their medical treatment and for any legal fees that might arise should the injured individual decide to sue.  If you did not have liability insurance, then this considerable expense would come out of your own pockets and could place your business’s commercial assets in jeopardy.  So, rather than facing this considerable financial risk on your own, you are much better off investing in the protections offered by independent contractor liability insurance.

These are the main reasons why you should have independent contractor liability insurance in place.  Interested in securing this essential coverage for your business?  Then don’t hesitate to contact the experts at Artisan Insurance Solutions.  We are ready to get you covered today

Leave A Comment

Get a FREE Quote Today!  Contact Us

Call Us Contact Us