General Contractor Insurance in Alabama

Do Alabama general contractors need insurance?

Construction sites can be hazardous places to work. A simple accident can create an expensive liability problem for small businesses. Contractor insurance for Alabama businesses helps prevent mishaps and delays that are unexpected, as well as other common issues from destroying the hard work you’ve put into it.

Contractor insurance can be used to refer to the different types of insurance that general contractors may select, such as:

• General Liability
• Business Owner’s Policy
• Workers’ Compensation

Learn how BizInsure can help you find A-rated contractor insurance for your Alabama company.

What insurance policies do contractors in Alabama typically consider?

Alabama tradespeople are often looking for different kinds of contractor insurance. These policies may help you to manage common risks general contractors encounter while working.

General Liability Insurance

A construction site is a place where anything could happen. A seemingly innocent act like placing your toolbox in the wrong location, could result in a huge problem for your business when you cause injury to someone.

General Liability is a kind of insurance that shields your against bodily injury lawsuits as well as property damage lawsuits.

Your General Liability policy can protect you against any claim by an outside party regarding injury or damage to their property. In these instances, your policy will cover your legal expenses as well as your cost to replace or remedy the situation up to the limits of liability.

Business Owner’s Policy

When you are working in the construction industry, things don’t always run smoothly. It can be difficult to keep your commitments when dealing with project interruptions, broken equipment, and other issues.

A Business Owner’s Policy (BOP) is a convenient package of insurance that protects your business against the common risks it faces every day. The BOP product includes various coverages that may suit the unique requirements of your small business. Insurance included in a BOP can vary but usually they include protection for typical small business risks such as property damage, business interruption and liability.

BOPs can be customized to provide options for coverage that meet the specific needs of your business. It can be an easy and affordable way of protecting your business from the most common dangers that contractors face.

Workers’ Compensation Insurance

If your business relies on your employees, it is vital to make sure they are safe and healthy when they are at work.

Workers’ Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

Alabama contractors typically need Workers’ Compensation insurance before hiring their first employee.