If you’re a contractor, you already know that every job comes with its share of risks. From property damage to on-site injuries, having the right insurance is essential. At E.S.T.I.R. Inc. in Bloomfield, NJ, we often get questions from contractors who want to understand exactly what they need. Let’s break it down in a way that’s easy to understand.
What Does Contractors’ Insurance Actually Cover?
Contractors’ insurance typically includes general liability, which covers third-party injuries or property damage. Depending on your business, you might also need coverage for tools and equipment, commercial vehicles, or workers’ compensation. The goal is to protect your business from costly claims and keep your projects running smoothly.
Is It Required by Law?
In many cases, yes. Some states require certain types of insurance for contractors to operate legally. Even when it’s not mandated, most clients won’t hire a contractor who isn’t insured. It’s a sign of professionalism and responsibility—and it protects both you and your clients in case something goes wrong on the job.
How Much Coverage Do I Really Need?
The amount of coverage you need depends on the type of work you do and the size of your projects. A small-scale handyman might need different coverage than a general contractor overseeing large commercial jobs. The key is to assess your risks and ensure your policy reflects your actual needs.
At E.S.T.I.R. Inc. in Bloomfield, NJ, we specialize in helping contractors find the right insurance solutions. Whether you’re just starting out or looking to update your current policy, we’re here to guide you every step of the way. Give us a call and let’s make sure your business is protected from the ground up.
