General Contractor Insurance
Massachusetts

Why do general contractors need insurance in Massachusetts?

Construction is one of the biggest industries in The Bay State. There are just over 58,000 sole traders working in the industry, many of whom are registered as general contractors. Contractor insurance for Massachusetts tradespeople helps protect many of these small businesses.

Construction sites are often dangerous places to work. A simple accident could create an expensive liability issue for your small businesses, whether you work on residential or commercial projects. Contractor insurance for Massachusetts businesses helps prevent mishaps, unexpected delays, or other common issues from destroying your hard work.

Contractor insurance is shorthand for the different types of coverage that a general contractor may consider, such as:

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

Learn about contractor insurance in Massachusetts and how BizInsure can help you find the best coverage for your business needs.

Common business insurance policies for contractors in Massachusetts

There are several types of contractor insurance that Massachusetts tradespeople often consider. These policies could help you manage common risks that general contractors face on the job.

General Liability

Anything can happen on a construction site. An innocent action—like leaving your toolbox in the wrong place—could result in a huge headache for your business if someone is 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.

General Liability insurance for Massachusetts contractors helps shield your bank accounts by paying your legal bills if someone alleges that your actions caused them injury or damaged their property. It can also pay to fix the situation (up to the policy limits) by covering medical bills, repair costs, or replacement costs.

Business Owner’s Policy

Things don’t always go to plan when you work in the construction industry. Project interruptions, broken tools, and other hiccups could make it hard to complete your work as promised.

A Business Owner’s Policy (BOP) combines several types of coverage, such as General Liability insurance and business personal property coverage, into a single policy to help protect small businesses from costly interruptions to service.

Your BOP can be customized to include coverage options that fit your business needs. This can be a convenient and affordable way to shield yourself against many common risks that general contractors face.

Workers’ Compensation

If you rely on employees to help run your business, it is your responsibility to look after their health and wellbeing while 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.

General contractor requirements in Massachusetts include mandatory Workers’ Compensation coverage if you have employees. This law applies no matter how many hours an employee works in a day.