If you're looking for cheap general liability insurance for contractors, you've come to the right place. Here, we will compare several different providers and their policies. Before you decide on a policy, understand what it covers and what its limits are. This knowledge can help you determine whether it's right for you. In addition, you should read about different types of insurance for contractors, and compare the limits that each one offers.
Hiscox
If you're a small-business owner looking for affordable general liability insurance, you may want to consider Hiscox. The company offers a range of policies tailored to the needs of different types of contractors, from freelancers to large companies. When it comes to liability insurance, this company is a trusted name. Applicants can find a quote online within minutes and get policy documents the same day. Moreover, the policy is available online and can be changed whenever necessary.
Travelers
Contractors should consider a policy from Travelers General Liability Insurance because it provides broad, uniform coverage with contractual risk transfer. Its thirty years of experience in construction and more than 5,000 insured contractors ensure a high level of protection. The company's specialized construction team, which consists of 450 claim professionals and 100 risk control consultants, helps contractors mitigate risk and manage claims in an efficient manner. The company's A+ rating indicates that it can pay claims with sufficient reserves.
Progressive
For many businesses, general liability insurance is essential, especially for contractors. While the insurance covers third-party claims, it does not protect your business from claims for negligence, damaged property, and injuries to employees. If you're a contractor, you may need to purchase additional coverage for such incidents, and it's wise to research different options and prices before signing on the dotted line. Moreover, general liability insurance premiums are tax-deductible.
Hiscox offers higher limits
Hiscox offers general liability insurance for contractors with higher limits and customized E&O policies. The company's liability policies start at $2 million in limits and can be increased to as much as $5 million in some cases. Depending on your industry, the amount of insurance you need depends on your business size, risk tolerance, and ability to pay premiums. Higher limits are available for an additional fee and with underwriting approval.
