Businesses can need numerous types of coverage to protect themselves from liability and cover any damage that could occur due to a job. Without this type of insurance, any claim could end up putting you out of business even if you aren’t found liable in the end just due to legal expenses. Assets can be seized to pay off any judgments against the company, making it impossible to keep the business running. For some types of businesses, this could include some type of Contractors Insurance in Hamlin PA. Understanding the various types of coverage available can make it clearer what would be beneficial for your business.
Who Can Benefit
This type of insurance can be useful for people in a number of professions, not just those who have the word “contractor” in their job title. This includes people who offer landscaping services, handymen, cleaning companies, snow plow services, plumbers, electricians, painters and carpenters as well as contractors, general contractors and subcontractors. Basically, many types of service companies might benefit from customizable contractors insurance policies that include just the coverage they need.
Types of Coverage
The exact coverage needed will vary based on the nature of the business and the type of jobs typically undertaken by the company. Contractors Insurance in Hamlin PA could include a number of different types of coverage, including liability insurance, workers compensation, disability, crime and theft protection, water damage protection and loss of business income. You can get protection against any potential environmental pollution, for loss of electronic data or a data breach as well as protection for any rented or borrowed equipment. Equipment waiting for installation, computer property and mobile equipment can all be insured, and completed operations coverage can help protect you from claims resulting from jobs that have already been finished. All of the vehicles used will need to be insured, including trailers, pickups, tow trucks and dump trucks. You’ll also want to be protected in the case of bodily injury claims and medical expenses claims.
Visit Nepainsurance.com to find out more about the available policies for contractors insurance. Olsommer-Clark Insurance also provides other types of business insurance as well.
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