How much contractor’s insurance do I need?

As a contractor, having the right insurance is crucial if something goes wrong while your project is underway. But what type of contractor’s insurance do you need, and how much should you buy? Here are some tips on how to get contractor’s insurance and what to do if something goes wrong.

What is contractor’s insurance?

First, it’s important to understand what contractor’s insurance is and what it covers. This includes coverage for liability, property damage, personal injury, medical costs, and more. Some types of contractor’s insurance may also offer additional benefits, such as access to legal support in the case of a lawsuit.

How much contractor’s insurance do I need?

To determine how much contractor insurance you need, it’s important to consider the size and scope of your project as well as any potential risks that may be involved. For example, suppose you are working on a large construction project in a hazardous area or with potentially dangerous materials. In that case, you will likely need more insurance than if you are doing some simple repairs around the house.

The different types of contractor’s insurance.

There are several different types of contractor’s insurance that you may want to consider, including general liability insurance, builders’ risk insurance, property damage coverage, and more. You can also shop around to find the best rates on your contractor’s insurance, which can help you save money while still providing adequate protection for your project.

Contact us today!

If you have any questions about your insurance coverage, give E.S.T.I.R. Inc. a call today. We proudly serve contractors in the Bloomfield, NJ area.