Work accidents can happen at any time in Cincinnati, OH. Contactors insurance can help protect you from these accidents. Contractors will face hazards every day and can be held responsible for a number of liability issues. Insurance is the safety net that helps protect you from financial ruin if you find yourself dealing with an expensive lawsuit.
There are two types of contractors insurance you should be aware of when speaking with an agent at Advantage Insurance Network. Liability insurance will cover any injuries or property damage. However, this usually doesn’t cover the cost to replace or repair any shoddy work. Construction liability insurance can be used for injury claims, damage claims, product claims, and copyright claims. It can give you protection from trespassers. When you take over a property at the start of the contract, you assume any liability for what happens on the site. This can include injury to trespassers. You also get protection for independent contractors and subcontractors. Even if these people have the right insurance, they could still sue you if they feel you are responsible for their injuries.
Workers compensation insurance will pay for injured workers and medical expenses or lost wages. It will also pay a death benefit to families for any contractors killed on the job.
Contractors aren’t the only ones who should be concerned with this insurance in Cincinnati, OH. If you are hiring contractors, you want to verify proof of insurance before you allow them to do any work for you. If you don’t, you could be held responsible for any costs if a contractor is injured or an accident occurs on the property. As a contractor, if you don’t have insurance you could be passed up for numerous jobs, affecting the bottom line of your business.
Contact Advantage Insurance Network to get a quote on contractors insurance.