Contractor Employment Insurance Tennessee

Sep 18, 2019 (0) comment

Contractor Employment Insurance Tennessee

Contractor general liability insurance is vital for protection from a variety of potentially expensive circumstances, including liability claims and construction defect lawsuits. It is important for contractors to find the right liability insurance policy to cater to their specific needs.

Contractor general liability insurance is a critical coverage for all professional contractors. The safety of those on the job site and the structures being built should be a priority for builders and developers.

Contractor liability insurance policies are often initiated before a project begins, protecting the contractor from breach of contract if they were to start work before providing proof of insurance. However, this largely depends on what line of work you are in.

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It is important to get the appropriate coverage limits when selecting a contractor general liability insurance policy. It should cover ongoing and completed operations, subcontractors and anyone injured on the contractor’s premises.

General liability for contractors is the foundation of a strong insurance defense. One of the biggest risks in the construction industry is third-party injuries, and some of the most costly claims you could face as a construction professional come from construction defect claims and lawsuits for property damage, medical bills, or accidents.

Workers’ compensation insurance is there to make sure that when accidents happen, employees are protected and businesses are safeguarded from the liability of workers compensation claims.

When employees suffer workplace injuries, workers’ compensation insurance insulates the business from direct liability and protects employees financially. An employer without workers compensation insurance would have to pay out-of-pocket for damages when an employee is injured or becomes sick on the job. Workers’ compensation insurance coverage protects businesses from having to cover those medical costs out of pocket.

What Does Workers’ Comp Cover?

In the construction industry, it happens every day. A worker could slip off a ladder, fall from a roof, be struck by a falling object, or be injured by heavy machinery. If one of your employees is injured or becomes ill as a result of their job, workers’ comp benefits cover the costs of getting them well and back to work, including:

  • Medical expenses
  • Lost wages
  • Legal fees, in the event of a lawsuit
  • Disability benefits

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For more information, call us at 1-888-851-5572. If you would like to receive a fast and free quote, visit us on our webpage!

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