A large, uninsured damages claim is every contractor’s worst nightmare. Whether it be a serious car accident on the way to a job or a hefty commercial liability claim, a large payout made from a contractor’s pocket can spell financial ruin. However, if adequately insured, a large claim doesn’t need to sound the death knell for your business. With contractor’s insurance, your business can quickly and easily settle such claims and get back to business as usual.
If you’re a business owner, you know it’s important to guard your assets. However, you may not be aware of all the ways the right insurance policy can protect you. Business owners insurance (often called a Business Owners Policy or BOP) can help secure your business, your employees, and other people who may be affected by how you run your business.