insurance for contractors

Two Questions to Ask Your Contractors’ Insurance Provider

Shopping for insurance for contractors in Clifton, New Jersey is a critical step for any residential or commercial contractor working in the tri-state area. Without coverage, every day your company works is at risk. Whether you’re looking for coverage for a new venture or shopping around for better coverage, there are a few important questions you need to ask before purchasing a policy.

What Is Covered by a Contractors Liability Policy?

Not all contractors’ insurance policies offer the same coverage. Ask for details about what is or isn’t insured. Your company should start with a general liability policy, which will protect against most or all lawsuits against your business for negligence, property damage, injuries to third parties (slip and falls are an example) and construction or installation problems.

Is Completed Projects Coverage Included?

Many contractors don’t think about a project once it’s completed, but you need to. Completed projects insurance protects you against lawsuits or complaints if something isn’t right after you’ve finished a project. For instance, if your company has handed over the keys to an office building, but the owner discovers a problem with the plumbing that needs fixed, you may have to pay for repairs.

When getting quotes for insurance for contractors in Clifton, New Jersey, these questions about contractors’ liability insurance are a good starting point to ensure your company is protected against liability issues.