If you are a contractor, it is important to have liability insurance in Decatur, GA. This type of insurance protects you in the event that someone is injured or their property is damaged while you are working on a project. But what does general liability cover for a contractor?
In this blog post, we will discuss the types of coverage that are included in liability insurance for contractors.
The Importance of Liability Insurance Coverage
As a contractor, it is important to have adequate liability insurance coverage. This type of insurance will protect you financially in the event that someone is injured or their property is damaged while you are working on a project. Be sure to check with your state’s insurance department to find out the minimum coverage requirements in your state. By having this type of coverage, you can rest assured knowing that you are protected in the event of an accident.
What Does General Liability Insurance Cover for a Contractor?
Liability insurance for contractors typically includes three types of coverage: bodily injury liability, property damage liability, and personal and advertising injury liability.
Bodily Injury Liability
Bodily injury liability covers medical expenses and other damages that occur if someone is injured while you are working on a project.
Property Damage Liability
Property damage liability covers damages to property that occur while you are working on a project.
Personal and Advertising Injury Liability
Personal and advertising injury liability covers damages that occur if you or your employees are accused of libel, slander, or another type of personal injury.
Limits of Liability Insurance Coverage
Liability insurance for contractors typically has two types of limits: per occurrence and aggregate. The per occurrence limit is the maximum amount that the insurance company will pay for each incident that occurs. The aggregate limit is the maximum amount that the insurance company will pay for all incidents that occur during the policy period.
It is important to note that your liability insurance policy will only pay up to the limits of coverage that you have selected. Be sure to select a policy with limits that are high enough to protect you in the event of an accident.