Arizona General Liability Insurance

By the very nature of their work, a contractor cannot function without protection. Not only does it shield the company in the unfortunate event of an accident or other unforeseen circumstance, but it also helps employees, clients, and customers feel safer working with you. In addition, they appreciate the idea that in case of property damage or injury, you are prepared.

Safeguarding Your Business with Liability Insurance

Next, a contractor’s site can have any number of electricians, plumbers, carpenters, and other professionals. Also, there can be heavy equipment, power tools, complex construction structures and materials, as well as any number of pedestrians who may not adhere to safety measures. Additionally, accidents occur, regardless of what we do to prevent them. For instance, slips and falls, faulty equipment, and fallen debris are all potential hazards.
Clearly, for an Arizona general contractor, requiring general liability insurance is the best way to protect the business’s future. Likewise, without it, business owners have seen not just financial ruin, but damage to their reputation.

Types of General Liability Insurance

Next, proper insurance minimizes risk. But not having the right type can hurt. Clearly, general liability covers a range of claims. Also, a major one is accusations of negligence on the part of the company or a staff member. Additionally, it is not uncommon for a piece of equipment to hit a parked automobile.  In addition, someone fell on-site because an employee stretched a cord across a path. Also, general liability coverage defends the company against accusations, suits, and any costs agreed upon or imposed by the court.
Next, builder’s risk insurance covers any contractor’s loss to covered property. Also, contractors enter projects that may become victims of natural disasters, fires, vandalism, and more. Additionally, builder’s risk insurance covers this possibility.

Additionally, there is a unique package for covering any equipment and material on-site. Also, this is not uncommon, as relocating certain tools and heavy equipment can be counterproductive. Additionally, the Contractor’s Tool Floater protects equipment when it’s not at the primary address in case of theft, fire, or another unforeseen incident.

Finally, Arizona general contractors require liability insurance that is engineered to respond when unexpected occurrences threaten a contractor’s operations and reputation. Likewise, the expense will more than cover the impact a catastrophic event can have on the company.

Did you enjoy this blog? Check out our other blogs related to the insurance industry.