As a contractor, you need liability insurance. Contractors insurance plans often provide some measure of general liability coverage. This mean that these plans help reduce the risk that your business will face costly lawsuits that could shutter its doors. The US Small Business Administration suggests that business owners discuss their specific risks with insurance providers to determine what type to get and how much coverage is necessary.
What Does Contractors Insurance Provide?
Contractors insurance policies range significantly in terms of what they offer. Most will have a business owner's policy (BPO) that will provide: