What Kind of Liability Insurance Do Contracting Businesses Need?
Private contractors and contracting businesses are required to carry general liability insurance, regardless of the trade or level of skill. However, not all liability insurance policies are right for you or your company. When selecting a liability insurance policy, consider the size and scope of the projects you normally work on. If you primarily deal with small interior renovation projects, for example, your liability insurance needs are much lower than if you were to regularly work on high-value contracts.
Watch this video for more information on liability insurance for contractors and contracting businesses. The most important thing to remember is to work with an insurance agent who can understand your specific needs to recommend adequate liability insurance. Whether you operate a non-profit or a private company, the right insurance provider in New York City can make all the difference when it comes to the financial success of your organization.