Contractors snag unbeatable protection with general liability insurance
Key Benefits of General Liability Insurance
One of the most significant advantages of general liability insurance is its ability to protect your business from costly lawsuits. In the event of a claim, your insurance can cover legal fees, settlements, and judgments, which can easily amount to thousands or even millions of dollars. For example, if a client slips and falls on a job site, your policy would typically cover the medical expenses and any legal actions taken against you1.
Moreover, holding a general liability policy can enhance your business's reputation. Clients are more likely to hire contractors who are insured, as it demonstrates professionalism and a commitment to handling potential mishaps responsibly. This can give you a competitive edge in the market, making your services more attractive to prospective clients.