Many insurance companies offer standard policies to their clients, which typically include general liability insurance, professional liability insurance, etc. However, there are some companies that provide more specialized forms of protection to their clients such as insurance for contractors in Clifton, New Jersey.
What Type of Coverage is Available to Contractors?
Contractor insurance includes some of the same types of standard coverage:
- Employment practices liability
- Errors and omissions liability
- Commercial general liability
These types of coverage are just the tip of the iceberg. Insurance companies expand coverage to contractors, providing them with comprehensive protection. In addition to the above coverage, companies also offer contractors builders risk and installation floaters insurance. With an insurance program specifically designed for them, contractors are thoroughly protected from financial harm.
How Does Insurance Offer Protection?
Contractors insurance is useful in a range of different situations. General liability insurance, for instance, covers contractors when they are found liable for accidents or property damage. Vehicle insurance, another aspect of the insurance program, provides coverage in the event company vehicles are stolen or damaged. There are so many other forms of coverage available to contractors. By speaking with an insurance representative, they can obtain comprehensive protection for themselves.
With their many vital responsibilities, contractors face a variety of exposures. Insurance for contractors in Clifton, New Jersey provides them with multi-faceted protection and keeps their financial assets and professional reputations safe.