To find a suitable policy a contractor could go online to compare contractors liability insurance. A person that works as a contractor could have all kinds of responsibilities from house building, electrics, plumbing or other type of work. As a demolition contractor you are exposed to the possibility of legal action being taken against you in respect of your legal responsibility for personal injury or property damage arising during the course of your activities.
The limit of indemnity is the maximum amount the insurer will pay our for a single claim, or in some cases the maximum amount they will pay out in a year. The policy excess is an amount of money that you are responsible for in respect of each and every claim that occurs under your policy. Many policies now offer the option to include further cover such as tools insurance, business equipment, personal accident insurance and legal expenses insurance.
How Does Contractor’S General Liability Insurance Work? Insurance Information | Duration 2 Minutes 37 Seconds
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