How Liability Insurance Protects Artisan Contractors

Artisan Contractors

In the construction industry, artisan contractors can include electricians, plumbers, carpenters and more. While their job duties might differ from one another, all contractors face risks. Without artisan contractor liability insurance, contractors may bear the brunt of the risk. Liability insurance accounts for business exposures and protects contractors.

What Is General Liability Insurance?

General liability insurance takes care of potential expenses associated with legal claims. When you face a lawsuit, the insurance coverage can pay for court expenses, judgments for the plaintiff and any compensation that you require for the time you had to spend on the case.

What Is Covered Under General Liability Insurance?

General liability for artisan contractors may include policies for property damage, bodily injury, medical payments and products.

If you or someone in your business causes an injury to a third-party, you may be ordered to pay medical expenses, lost compensation and other costs. Liability insurance pays your legal fees and may pay out a settlement. Clients may also file lawsuits for defective materials or if there were any problems with the final project. Even if you feel like your company is innocent of any allegations, insurance will pay your legal fees to fight the claims.

When it comes to the construction industry, general liability is critical. Anything can happen and without insurance that is customized to artisan contractors, lawsuits can damage your business’s reputation and financial health.