How Insurance Protects Contractors


In the field of construction, contractors oversee many day-to-day operations. They manage a large group of employees and ensure that every aspect of a project is properly handled. Such heavy involvement leaves them open to a wide range of exposures. Insurance for contractors in Clifton, New Jersey provides these professionals with comprehensive protection.

Coverage Available to Contractors

There are several types of coverage available to contractors, including:

  • Professional liability insurance
  • Employment practices liability insurance
  • Errors and omissions liability insurance
  • Pollution liability insurance

The overseers of so many different operations, contractors are at a high-risk for encountering liability claims. If an employee sustains injuries or property is physically damaged, then they are held accountable. Insurance offers contractors thorough protection. To go without coverage is to risk financial damage.

How Insurance Offers Protection

Each type of coverage provides a singular form of protection. Professional liability insurance, for example, becomes useful when clients sue contractors for negligence or error. The coverage assists contractors in the payment of various court fees, which range from attorney fees to settlement costs. Lawsuits are expensive matters, even if a client’s accusations are ultimately groundless. Insurance provides contractors with the necessary financial assistance.

Contractors have some of the most important duties on construction projects, and therefore they have a range of exposures. Insurance for contractors in Clifton, New Jersey conceals their vulnerabilities and protects them from potentially harmful liability claims.

This post was written by , posted on June 11, 2015 Thursday at 1:45 pm