Obtaining liability for a general contractor can be tricky business. Insurance coverages vary between companies. Pricing will differ. Exclusions will be different in all of the quotes you receive. And, of course, insurance companies are not all the same.

What information is needed in Obtaining Liability for a General Contractor?

The following information is needed to obtain liability for a general contractor:

• Type of work the general contractor will be performing
• Size and scope of the projects
• Location of the projects
• The number of subcontractors involved
• General contractor’s experience and qualifications

How long before I can expect a quote when obtaining Liability for a General Contractor?

The time it takes to receive a quote for liability insurance for a general contractor will vary depending on the insurance company. However, most insurance companies will be able to provide a quote within a few days.

How is pricing calculated for liability insurance for a general contractor?

The price of liability insurance for a general contractor is based on a number of factors, including:

• Type of work the general contractor will be performing
• Size and scope of the project
• Location of the project
• Number and types of subcontractors involved in the work
• The general contractor’s experience and qualifications
• Your insurance history and claims experience

How do I compare quotes for liability insurance for a general contractor?

When comparing quotes for liability insurance for a general contractor, it is important to consider the following factors:

• Cost of the policy
• Coverage limits
• Deductibles
• EXCLUSIONS

It is also important to get quotes from multiple insurance companies to ensure that you are getting the best possible rate.

Here are some additional tips for obtaining liability insurance for a general contractor:

• Get quotes from multiple insurance companies.
• Compare the cost of the policy, the coverage limits, the deductible, and the claims process.
• Ask about discounts that may be available to you.
• Consider your business’s specific needs when choosing a policy.

By following these tips, you can be sure to get the best possible liability insurance for your general contracting business.

Here are some additional details about each of the factors that are considered when pricing liability insurance for a general contractor:

• The type of work the general contractor will be performing:The type of work that a general contractor will be performing will have a significant impact on the cost of liability insurance. For example, general contractors who perform work that is more likely to result in injuries, such as construction work, will typically pay higher premiums than general contractors who perform work that is less likely to result in injuries, such as painting or landscaping work.
• The size and scope of the project:The size and scope of the project will also affect the cost of liability insurance. For example, general contractors who are responsible for projects that are larger or more complex will typically pay higher premiums than general contractors who are responsible for smaller or less complex projects.
• The location of the project:The location of the project can also affect the cost of liability insurance. For example, general contractors who are working in areas with a high risk of accidents, such as construction sites, will typically pay higher premiums than general contractors who are working in areas with a lower risk of accidents, such as office buildings.
• The number of subcontractors involved:The number of subcontractors involved in a project can also affect the cost of liability insurance. For example, general contractors who are working with a large number of subcontractors will typically pay higher premiums than general contractors who are working with a small number of subcontractors.
• The general contractor’s experience and qualifications:The general contractor’s experience and qualifications can also affect the cost of liability insurance. For example, general contractors who have a long history of working safely and who have a good reputation will typically pay lower premiums than general contractors who have a shorter history of working safely or who have a poor reputation.

By understanding the factors that are considered when pricing liability insurance for a general contractor, general contractors can be better prepared to obtain the coverage that they need at a price that they can afford.

Exclusions Although Commercial General Liability Insurance provides a wide range of protection for your business, so it won’t pay liability claims related to these areas, however you can cover with other policies: