Contractors are one of the most liable people on earth. Going to work each day without adequate coverage can be fatal to their career. A simple mistake and they can find themselves having to face a handful of legal problems. As a contractor, it is your responsibility to research the numerous types of insurance policies available to you. Because we know how easy it is to be overwhelmed at the amount of policies being marketed out there, we would like to direct your attention to one of the most important policies of all: the contractor's commercial general liability insurance policy, also simply known as CGL.
If you have been following us for a while, you probably know what GCL stands for. That's right: commercial general liability. In its simplest definition, this type of policy provides protection against a wide array of different claims. Those claims can stem from bodily injuries, property damage or anything else sustained by a third party during the course of a contractor's operation.
We all like to think that those things only happen to "other people". The truth is that if you are a contractor working in the construction field, you are not immune against such claims at all. From damage to vehicles to damage caused by welding sparks, mistakes happen, and those mistakes can often be costly. Contractors should never underestimate the importance of being covered under this policy. In the past, many people have sued contractors for injuries or damage caused by said contractors.
Because we are humans and we are all prone to mistakes and accidents, it would be quite unfair to let an accident like that ruin your career forever.