As a business owner, you’re likely looking into contractor insurance. This can get fairly extensive, but there are some coverages that all contractors need, regardless of their specific industry. CO Insurance Specialists has the answer for your contractor insurance questions.

General Liability

No matter what type of business you run, general liability coverage is essential. This coverage helps address accidents caused by third parties on your property, covering property damage or bodily injury resulting from the incident. If legal claims arise from the situation, those are typically eligible for coverage as well.

Workers’ Compensation

If an employee is injured while working for you, workers’ compensation insurance can help. It covers medical expenses resulting from the injury, along with any lost wages, physical therapy, and ongoing medical care related to the accident. Workers’ compensation is required in Colorado for employers with one or more employees.

Commercial Auto Insurance

As a contractor, you likely have one or more vehicles associated with your business. If employees use those vehicles, you’re required to carry commercial auto insurance. This provides broader coverage and financial protection from damages, even if your employee is found at fault. If products are damaged during delivery or transport, that loss can typically be included in the claim as well.

If you’d like more information from a CO Insurance Specialist in the Wheat Ridge area, contact us today with your business information, and we’ll help you find a contractor’s insurance policy that fits your needs.

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