Remodeling a home is a big job that can take days, weeks, months or years to complete. The bigger the job the more prone your worksite is to injuries and property damage. Comprehensive general liability insurance for remodelers will make certain you are protected if an accident should occur on your worksite. From a broken thumb to a shattered window or a fallen tree due to your equipment, remodeling contractors insurance can pay for damages. Liability insurance for remodelers also has you covered if you are sued for personal injury. For instance, if your competitor accuses you of libel because you published an ad accusing them of shoddy work, your liability insurance for remodelers will help pay your legal costs. However, this coverage will not be of assistance you if you knowingly published the ad with malicious intent (i.e. you know the information you provided was false). Ask your remodeling contractors insurance agent about other exclusions that might exist on your policy.
Find Your Bearings on Home Businesses Buildings
Sure, you're oftentimes on the road or at the worksite as a remodeling contractor, but if your home base is your primary residence you'll want make certain your business is covered with insurance. A business owners policy (BOP) is a great option for those who own a small-to-mid-size company. A BOP covers everything from your business records to your equipment and computer. With a BOP, your remodeling contractors insurance company will also reimburse you for lost income if you are unable to work from home because it is badly damaged due to a fire or other disaster. However, BOPs do not pay for workers compensation, auto, health or disability insurance, according to the Insurance Information Institute. Talk to your remodeling contractors insurance company if you need these valuable coverages.
Leave no Stone Unturned: Remodeling Contractors Insurance
No matter where your company is based, it's likely that you will need a surety bond. A surety bond protects your customers. If you don't live up to your contractual obligations, the surety bond company will pay your client for the financial loss they suffer. For instance, if you are injured and unable to complete a project, your surety bond insurance kicks in.
Liability insurance for remodelers can give you the peace of mind that you're covered when adversity arises. Choosing a company based on its popularity or proximity to your business is the simplest option, but in doing so you may never know how much you could be saving on your remodeling contractors insurance if you just shopped around. But as a business owner, you don't have a lot of time to cold call or visit local companies either. Utilizing NetQuote's free service can give you the best of both worlds: simplicity and savings. Share with us your remodeling contractors insurance needs and we will supply you with a variety of quotes for liability insurance for remodelers.
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