General liability insurance is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury that can arise during normal business operations.
General liability insurance is often combined with property insurance in a Business Owners Policy; however, general liability insurance is also available to many contractors as standalone coverage.
Who Needs General Liability Insurance?
As a contractor or small business owner, you need some form of general liability insurance to safeguard your livelihood. Generally, most finance companies and contractors require sub-contractors to have their own policy independant of the owner or contractor.
A single accident could result in a lawsuit that you might not be able to financially cover. A great way to protect against this type of situation is to make sure you carry enough general liability insurance.