An Essential Coverage In A Contractors Policy
When searching for coverage for General Liability Insurance for contractors, it is easy to overlook one of the most essential coverages that is usually not included in the policy, that is Equipment coverage. Over 40% of contractors go out of business due to not being able to replace expensive equipment that was stolen while they were on the job, due to the quick process of shopping online for insurance it is easy to see how most business owners especially those who have startups easily overlook this important coverage.
Usually when shopping online for General Liability Insurance the quoting process done with agents is usually price based and the contractors are more than likely interested in only getting General Liability Insurance to have proof of insurance to show to land specific projects and get paid and what is not discussed most of the time in this process is a need that they did not realize is there and the optional solution to solve that explicit need which is Equipment Coverage.
Usually for about $10 to $20 a extra a month on your General Liability Policy equipment coverage can put a plan in place to ensure that if any of your business equipment is stolen while your on the job you will not have the burden of putting your business at risk or be in financial ruin due to the expensive cost of replacing your equipment, if you would like to get more information on how you can protect your business with adequate equipment coverage click on the link and complete the quote form and our team would be more than happy to make sure your business is properly covered.