Maximize Construction Profit with Top Liability Insurance Solutions
Types of Liability Insurance for Construction Businesses
Construction businesses can benefit from several types of liability insurance, each serving a unique purpose:
- General Liability Insurance: This covers third-party bodily injuries, property damage, and advertising injuries. It's essential for any construction business as it addresses a wide range of potential claims.
- Professional Liability Insurance: Also known as Errors and Omissions (E&O) insurance, this protects against claims of negligence, errors, or omissions in the services provided.
- Workers' Compensation Insurance: While not a liability insurance per se, it is crucial for covering medical expenses and lost wages for employees injured on the job, thereby reducing the risk of lawsuits.