What are the risks your contractor business faces?
Running a contracting business comes with distinct risks, such as workplace accidents and property damage. Unforeseen incidents like worker injuries or structural mishaps can result in legal disputes and financial burdens. It’s crucial to have comprehensive insurance coverage, including liability insurance, to safeguard your assets and handle legal costs effectively. Furthermore, property damage caused by accidents or natural disasters like fires and floods can disrupt your operations and strain your finances. Adequate property insurance is indispensable for a speedy recovery, ensuring the stability of your contracting business in an industry where protection is of utmost importance.