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Which Contractor Insurance Policy Covers Workplace Damage?

Understanding Your Contractors Insurance Coverage

If you’re like most contractors, you purchase contractors insurance in Los Angeles, CA and hope you never have to use it. But, when the worst does happen, you’ll be glad to know you have coverage in place. When an accident does happen and it is your fault, you may be surprised at which of your contractors insurance policies will help to cover it.

If you are found to be at fault for damage to someone else’s property, your first instinct may be to turn to your contractor general liability policy, since this includes third-party property damage claims. However, this may not always help you. For example, let’s say you’ve been contracted for a chimney installation project. You accidentally let the crane swing into the almost-complete chimney, destroying your work and a portion of the roof. If you cause property damage to the roof and chimney which you have been hired to install, your general liability may not cover it.

If you have a builder’s risk policy, you may be able to fall back on that coverage. This coverage projects a project against many types of property damage that happen during construction, regardless of who is at fault. Generally, builder’s risk will cover most property damage situations, except those stated in the policy, such as earthquakes and intentional damage.

Contractors, take a moment to develop a better understanding of your insurance coverage. This simple act can save you time and stress should an accident occur on the job. At Artisan Insurance Solutions, we can help you get started on the right builder’s risk insurance policy that you need and deserve. Give us a call on (909) 275-7557 today to get started.

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