FAQs What does contractor liability insurance cover? It generally covers third-party bodily injury, property damage, and legal costs associated with covered claims. Why is trade classification so important? It determines how the policy is structured. Incorrect classification can lead to denied or limited claims. Do subcontractors affect my insurance risk? Yes. Without proper documentation and coverage verification, their work can create liability for your business. How often should I review my policy? At least once a year, and anytime your business operations change. Is cheaper insurance a risk? It can be. If the policy doesn’t match your work, lower cost often means reduced protection.
