Contractor insurance is a broad term that encompasses various policies specifically designed to protect contractors and their businesses from financial losses that may arise during their operations. One of the most essential components of contractor insurance is general liability insurance, which provides coverage for bodily injury and property damage to third parties. This coverage is vital for safeguarding against claims that could significantly impact a contractor's financial stability.

 

In addition to general liability insurance, contractor insurance often includes workers' compensation coverage, which protects employees in the event of work-related injuries. This policy not only ensures that injured workers receive necessary medical care but also helps contractors comply with legal requirements regarding employee safety.