It is essential to have general contractor insurance if you are in the construction industry and engage the services of individuals to work with you. However, it is better to have general contractor insurance in place before you commence a project.

Accidents happen without notice, and they are circumstances that you cannot control in most cases, and this does not prevent you from paying for damages to the affected person or persons involved. The insurance coverage required by your business will be based on several factors such as the equipment used, your business structure, the kind of work you do, and other factors.
This article will give you the information you need about general contractor insurance costs to enable you to make an informed decision about the best policy to buy.
General contractor insurance cost: How much is it" The average general contractor insurance cost is usually around $90 per month, $1,080 per year for at least $1 million limit policies that offer protection against damages and third-party injuries.
However, several factors determine the prices of the insurance policy, and these are:
? Kind of services offered

? Type of insurance coverage required

? Revenue

? Location

? Business property and equipment

? Number of workers

? The type of vehicles used by the company

? Claims history
What is general contractor insurance"
If you are a contractor in the construction industry, you are likely to work on some tasks that would expose you to...