What is Contractors Insurance?
Contractors are exposed to a number of risks simply by the work they do. Work-related errors, equipment breakdowns, damage sustained by supplies and liability suits are just some of the perils they face. Contractors insurance policies help contracting businesses in Vermont protect themselves from many of the risks they’re exposed to.
Contractors insurance is a specialized form of commercial insurance that’s written with contractors in mind. Most contractors policies are package policies, which means they have multiple individual coverages that work together to form a web of protection against risks that come with working in the contracting industry.
What Businesses in Vermont Need a Contractors Policy?
Most Vermont contractors can benefit from the protections offered in a contractors policy. This includes general contractors, as well as tradespeople (electricians, HVAC service providers, plumbers, etc.). Businesses in these industries generally need coverage regardless of how large or small they are, or how they’re legally structured.