First, all the safety measures in the world won’t negate the need for Arizona general liability insurance.
By the very nature of their work, a contractor cannot function without protection. Also, it not only shields the company in the unfortunate event of an accident or other unforeseen circumstance, it helps employees, clients and customers feel safer working with you. In addition, they appreciate the idea that in case of property damage or injury, you are prepared.
Safeguarding Your Business with Arizona General
Contractor Required Liability Insurance
Next, a contractor’s site can have any number of electricians, plumbers, carpenters and other professionals. Also, there can be heavy equipment, power tools, complex construction structures and materials, as well as any number of pedestrians who may not adhere to safety measures. Additionally, accidents occur, regardless of what we do to prevent them. For instance, a slip and fall, faulty equipment, fallen debris, are all potential hazards.
Clearly, Arizona general contractor required general liability insurance is the best way to protect the business’ future. Likewise, without it, business owners have seen not just financial ruin, but damage to their reputation.
Types of Arizona General Contractor Required Liability Insurance
Next, proper insurance minimizes risk. But not having the right type can hurt. Clearly, general liability covers a range of claims. Also, a major one is accusations of negligence on the part of the company or a staff member. Additionally, it is not uncommon for a piece of equipment to hit a parked automobile. In addition, someone falls on-site because an employee stretched a cord across a path. Also, general liability coverage defends the company against accusations, the suit, and any costs agreed upon or implemented by the court.
Next, builder’s risk insurance- covers any contractor’s loss to covered property. Also, contractors enter projects that may become victim of natural disaster, fires, vandalism and more. Additionally, builder’s risk insurance covers this possibility.
In addition, there is also a unique package for covering any equipment and material on-site. Also, this is not uncommon as relocating certain tools and heavy equipment can be counterproductive. Additionally, the Contractor’s Tool Floater-protects equipment when it’s not at the primary address in case of theft, fire or another unforeseen incident.
Finally, Arizona general contractor required liability insurance is engineered to respond when unexpected occurrences threaten a contractor’s operations and reputation. Likewise, the expense will more than cover the impact a catastrophic effect can have on the company.