As part of your business insurance, you can often get general liability coverage. General liability insurance protects you from bodily damage, property damage and product-related damages to others. Many businesses, however, hire contractors. Chances are, you’ll rely on these contractors to push your business to the next level. Will your general liability insurance cover them?
Safety Beyond the Business
If you’re hiring contractors to complete work orders, their actions can affect your business. Installing carpet in a home, for example, may require you to take on third-party help. If someone in the home gets hurt due to the carpet’s malfunction—or even a poor installation—you might pay the price.
Liability coverage can help. It can usually extend to your third-party workers. Therefore, it can assure that a monetary safety net protects their actions. If they make an error, cause damage or accidentally hurt a consumer, your business insurance policy will protect you. You won't lose out because of their mistakes.
Safety for Your Contractors
While you should focus on the safety of your consumers, it’s important to protect the safety of your contractors, too. General liability will cover personal injury, which will assist in paying contractor medical bills in the event of a worker injury. If a contractor’s equipment breaks, or even if their vehicle sustains damage, a liability policy can make sure your business one protected by cost coverage.
Safety for Your Reputation
Even though your contractors aren’t part of your business, they’re still associated with it. You need to answer for their actions, even if their actions result in injury, damages or a bad reputation. If you’re sued due to a contractor’s negligence, professional liability coverage will cover the costs. However, some general liability policies don't automatically include these protections. You might need a separate professional liability policy.
It’s a good idea to consider a business owner’s insurance policy. Most of the time, it includes general liability coverage, and covers the tools required for everyday work. Between lost goods, stolen property or even property damage, your policy can replace lost property while ensuring current property.
A business owner’s insurance policy bridges the gap between business owner and contractor, too. It’s important to consider your contractors on every level. While they’re a responsibility, they don’t need to be a hindrance. Give them the support they deserve, and help your customers understand that your contractors are safe, reliable and effective.