General Contractor Insurance in Montana

Why do general contractors need insurance in Montana?

The Treasure State is a major construction state. More than 52, 000 sole traders work in this industry.

Construction sites are often dangerous places to work. Small businesses could be facing a liability issue in the event of a minor accident, regardless of whether it’s on a residential or commercial project. Insurance for contractors for Montana companies can help to prevent accidents and delays that are unexpected, as well as other issues that can ruin your hard work.

Contractor insurance is a simple term used to describe different kinds of insurance that a general contractor might consider.

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

BizInsure can arrange insurance for contractors in Montana.

What are common insurance policies for Montana contractors?

Montana contractors often look at several different kinds of insurance. These policies could assist you in reducing the dangers that contractors are exposed to on the job.

General Liability insurance

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

Business Owner’s Policy (BOP)

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.

Workers’ Compensation insurance

Workers’ Compensation insurance can help protect 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. Workers’ Comp insurance is mandatory in Montana for most businesses with at least one employee.