General Contractor Insurance

General Contractor Insurance can help protect you against loss and liability whenever a job is being worked on by you and you don't follow laws, regulations and the guidelines which pertain to your state. There are a number of different kinds of policies which are available to you when you are seeking the type of insurance you want. 

General Contractor Liability (GCL) - Much like the base of any home, this insurance is your principal base coverage that connects together all of the other kinds of policy that include your general contractor insurance package. It helps you cover property damage any harm or loss which you might incur as a result of your work and also the negligence of the project manager your company or subcontractors. This may cover accidents caused by you. General Contractor Insurance is not something that you wish to work on and is a essential requirement for any project. Make sure that you have enough coverage to pay for any unexpected accidents which might occur along the way, along with any sort of accidents. 

Professional Builders Liability (PCL) - This insurance coverage provides coverage against claims that are filed by clients or subcontractors on your behalf when you're performing work for them. As the contractor, you're responsible for supplying the services required for the undertaking. This means that even if you are the last person who sees with a customer or subcontractor or they are not prepared to start their work, you continue to be held liable for any accidents or issues which they could encounter and any damages or losses which occur to their property. This is why it is so important to get this coverage in your own general contractor insurance plan. You may not need to provide this specific policy, but you need to check with your provider about and the amount which you need to pay in order to take out it.