General contractors insurance is typically required for both contractors and subcontractors. Different types of insurance may be required dependent upon the type of business.

A central component for contractors insurance is general liability. This type of insurance protects against lawsuits and other financial liabilities. Many times this policy is combined with a Business Owners Policy which includes insurance Buildings and Business Personal Property Coverage, Loss of Income and Extra Expenses. Contractors may also need to have Blanket additional insured coverage. This kind of insurance may be required on certain jobs and be written into a contract. In this case, your liability coverage extends to protect the interests of the property owner during a construction project.

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