FAQs
It generally covers third-party bodily injury, property damage, and legal costs associated with covered claims.
It determines how the policy is structured. Incorrect classification can lead to denied or limited claims.
Yes. Without proper documentation and coverage verification, their work can create liability for your business.
At least once a year, and anytime your business operations change.
It can be. If the policy doesn’t match your work, lower cost often means reduced protection.
In most cases, yes. General contractors often require subcontractors to carry their own liability and, if applicable, workers’ compensation coverage.
No. A bond is required for licensing and protects consumers, while insurance protects the contractor from financial loss tied to claims.
Pricing depends on trade type, payroll, revenue, claims history, number of employees, vehicle use, and coverage limits.
It depends on business structure, licensing, and whether employees are involved. Requirements vary, so it’s important to verify based on your situation.
No. Most contractors need multiple policies, such as general liability, workers’ compensation, commercial auto, and project-specific coverage.