California Contractor Bond and General Liability Insurance

What does contractor’s general liability insurance cover?

General Liability Insurance provides coverage to businesses for various things, including third-party medical payments, bodily injuries, property dame, advertising injuries, and more. However, it doesn’t cover faulty workmanship or any damages to the insured’s work. The idea of the coverage it to help protect small businesses from claims that arise from the regular business operations.

Why does an independent contractor need general liability insurance?

Just like any small business owner, independent contractors are also at a risk of getting held liable for damages or even sued. Here’s why general liability insurance is crucial to contractors : It Protects Your Business and You The liability exposures and legal obligations for an independent contractor are the same as larger companies.

How do claims work for General Liability Contractor Insurance?

There are two types of general liability contractor’s insurance determined by the claims that cover: occurrence and claims-made. Occurrence policies work for claims that arise during the policy period and are independent of the time of claim filing. On the other hand, claims-made policies provide coverage for claims only when the resulting claim and the occurrence happen during the policy period.

Where is Your Competition?

You look at the websites of your competition and find out where they are sharing content. What platforms is there content being shared on, how many followers do they have. If they are getting a ton of shares on Facebook then your business needs to be there too.

Do You Know Your Market?

You need to have a firm definition of what your ideal client is.