General Contractor Insurance in Connecticut

Do Connecticut general contractors need insurance?

Construction sites are often hazardous locations to work in. Your small business could face a liability issue in the event of a minor accident, regardless of whether it’s in a commercial or residential project. Insurance for contractors can safeguard your Connecticut company from mishaps and delays.

Contractor insurance is a shorthand term for various kinds of insurance that a general contractor may consider, such as:

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

Find out how BizInsure helps you locate A-rated contractor insurance coverage for your Connecticut business.

What are the most common insurance types for contractors in Connecticut?

Connecticut contractors often take a look at various kinds of insurance. These insurance policies can aid in reducing the typical risks that general contractors face.

General Liability Insurance

Anything can occur on a construction site. An innocent action–like leaving your toolbox in the wrong place–could result in a huge headache for your business in the event that someone gets hurt because of what you’ve done.

General Liability insurance, also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, can protect your business against bodily injury or property damage lawsuits from outside parties.

Connecticut General Liability insurance safeguards your finances by covering your legal expenses when someone claims you caused injury to them or property damage. It can also be used to pay for the costs of repairing or replacing property damaged by damage, as well as paying medical costs.

Business Owner’s Policy

Construction workers are aware that things do not always go according to plan. It is possible that you won’t be able to finish your project in time if there are interruptions to your work or if your tools fail.

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. Your BOP can include customized coverage options to suit your company’s needs. This can be an affordable and convenient way for general contractors to safeguard themselves from typical risks.

Workers’ Compensation Insurance

It is your responsibility to make sure that your employees are healthy and happy working on them to run your business.

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.

Connecticut’s Workers’ Compensation requirements are applicable to general contractors with employees. These laws apply regardless of the number of hours an employee works in a day.

Connecticut businesses with at least one employee are required to have Workers’ Compensation insurance including part-time, full-time workers.