Which company provides cheap general liability insurance for contractors

Do you know that most of the business organizations in today's world are established through partnerships and joint ventures? And general liability insurance is very important for such businesses. And if you are a contractor in such a business, then you need to have this insurance as well. But the question is how to get this insurance if you don't know about liability insurance. And how do you know which insurance company will be the cheapest general liability insurance for you?

which company provides cheap general liability insurance for contractors
So in this post today we will cover some information about general liability insurance. From where you can know what general liability insurance is, what this insurance covers and what it doesn't cover, etc. Also, this post will help you to find cheap general liability insurance. You can also learn about different companies from this post. So read the entire post carefully.

what is general liability insurance?

What is general liability insurance? General liability insurance is the insurance that covers the liability if an accident occurs and you or your property is responsible for that accident is called general liability insurance. This insurance usually covers bodily injury, property damage, medical expenses, and attorney fees. Also, this insurance covers many other things which will be highlighted in the following part of this post. Also when an insurance company is contractually liable to indemnify for property destruction, personal accident damage, or death, it can be included as general liability insurance.

Read more: The top cheapest tenant insurance provider company and others

Put more simply, general liability insurance is basically general liability insurance that provides compensation in case of damage to a third party due to an accident caused by you or your property and if you or your property is responsible for that damage. known as This general liability insurance can be of different types such as,

  • Personal liability insurance. 
  • Professional liability insurance. 
  • General third-party liability insurance. 
  • Commercial umbrella insurance. 
  • Liability insurance is caused by manufacturing defective merchandise. 
  • Management Liability Insurance. 
  • Subcontractor Insurance. 
  • Employee employer's liability insurance etc.

What Does General Liability Insurance Cover?

We learned about what is general liability insurance. Now we will discuss what this general judgment insurance can cover a person. Below is a list of the types of losses that general liability insurance provides financial protection against.

  • Covers claims of third parties injured in any accident caused by the contractor or any other person. 
  • Covers bodily injury to third parties working in your workplace. 
  • The compensation covers any damage to third-party property.
  • Helps protect you from claims if others claim they are infringing their copyrights while advertising your business, promoting products on social media or websites, etc.
  • This insurance covers all medical expenses if someone is injured on your business premises. 
  • Covers compensation if there is any damage to your rented premises due to certain damages. 
  • Covers liability if you are held responsible for damage to your landlord's property.
  • If someone sues your business for defamation or slander for something you or your business employees said, this insurance covers the legal costs of that lawsuit, etc.

What Does General Liability Insurance Not Cover?

At this stage, we will know about the losses that general liability insurance does not provide coverage against. Below is a list of what this insurance does not provide coverage against.

Read more: phone number for progressive motorcycle insurance

  • The company does not cover workers' compensation if they are injured while working. Employees are required to take separate insurance for this.
  • Welcome liability insurance does not provide coverage for mistakes or errors.
  • This insurance does not cover your organization's auto accident compensation. For this, you need to take a commercial auto insurance policy separately.
  • This insurance does not provide coverage against any damage caused intentionally. 
  • This insurance does not pay for any punitive damages you incur as a result of your business lawsuit. 
  • This insurance does not cover any loss of the owner's own. 
  • If someone makes a claim beyond the limit mentioned in the policy, the claim is not covered, etc.

general contractor insurance requirements

General contractor insurance is essential for every construction organization. The main purpose of this insurance is to protect contractors and employees working in the organization and customers from potential liability. which can be developed throughout the organization. General contractors usually provide coverage for the protection of the company, staff, and clients through this insurance. Any type of accident can happen in an organization at any time. 

And basically, a contractor takes this type of insurance to cover compensation against these accidents. This type of insurance is very important for any industrial organization. This type of insurance can vary based on a variety of factors such as the location, type of project, and contract a contractor needs. Below are the names of general liability insurance required for a contractor.

Read more: cheapest full coverage motorcycle insurance companies

  • General Liability Insurance
  • Commercial Auto Insurance
  • Builder’s Risk Insurance
  • Subcontractor Insurance
  • Comprehensive Automobile Insurance
  • Workers Compensation & Employers Liability
  • Professional Liability Insurance
  • Umbrella Insurance
  • Automobile Liability and Property Damage Insurance
  • Evidence of Coverage
  • Construction and Renovation Projects
  • Acceptability of Coverage
  • Facility Improvements
  • Disability Benefits Coverage Insurance
  • Optional construction insurance and coverage
  • Tools & equipment insurance
  • Commercial property insurance
  • 10-day Cancellation/Reduction Clause
  • Policy Number

which company provides cheap general liability insurance for contractors

At present, due to the development of technology, the number of industrial establishments in the world is increasing day by day. And thousands and millions of workers are working in all these institutions. Most of the workers in these establishments work under a contractor. General liability insurance is taken by a contractor to cover claims for damages in case of an accident caused by a contractor or his property to a third party. And this liability insurance is provided by many companies in the present world. However, some companies offer cheap general liability insurance. 

General liability insurance offers coverage for many types of damages to an organization. However, this liability insurance is profitable for an organization only when the liability insurance is cheap. Inexpensive liability insurance refers to liability insurance that requires a contractor to pay a low monthly or annual premium. Now suppose you are a company contractor, and you want to get liability insurance for your company. Now for this, you must look for liability insurance companies that have lower premiums and more benefits. 

Read more: Best travel health insurance for visitors to the USA

To make this search easier for you, in this post, we will highlight the names of some insurance companies and their premiums. So that you can easily know the names of the companies that provide cheap liability insurance and select your desired company. Below are the names of some companies and the amount of premium.

  • The Hartford: $67 monthly or $804 annually
  • Next Insurance: $11 monthly or $132 annually
  • Simply Business: $19.58 monthly or $24.96 annually
  • Thimble: $49 monthly or $588 annually
  • FLIP: 25.92 monthly or $311 annually
  • biBERK: $27.50 monthly or $330 annually
  • CoverWallet: $60 monthly or $720 annually
  • Hiscox insurance company
  • Chubb
  • Nationwide


Dear Reader Bindu, In this complete post we have covered various information about general liability insurance. Along with this, I have also mentioned the names and premiums of some companies that provide cheap general liability insurance. We always try to give you accurate information. However, we may make some mistakes at times, hope you will forgive us for those mistakes. And if you know the correct information about those mistakes, then definitely let us know in the comment box. 

We will try to fix them. General liability insurance is very important for a contractor. Because this insurance helps to provide coverage for third-party claims of his organization including the contractor. One more thing, before accepting any insurance, you must first check the facilities and premium amounts of several companies. I hope you understand.

Share this post with your friends

See previous post See Next Post
No one has commented on this post yet
Click here to comment

Please comment according to Blogger Mamun website policy. Every comment is reviewed.

comment url