Contracting work requires adequate insurance coverage. Explore some types of commercial insurance that will protect your role as a licensed contractor in Alabama or Georgia.
Business Essentials
Your business essentials should be covered by your commercial insurance policy. Tools, building materials, machinery, and other items that you rely upon to keep your business afloat should be protected at all times.
Commercial insurance that safeguards your equipment will prevent monetary loss if your business essentials are stolen, vandalized, or damaged during a natural disaster. Your policy can reflect the type of items you own and the location where they are actively used or stored.
If you use any items on a seasonal basis, you have the ability to decide how much commercial insurance is needed, and the months of the year to list the items in your insurance policy.
Liability Concerns
Your contracting role may involve overseeing some projects that could cause property damage or bodily harm. Liability insurance for commercial business owners protects a business owner when they are sued by another party.
Liability insurance coverage will provide protection if someone slips and falls, is injured while using machinery, or endures damage to their own personal property. If you are found at fault for an incident, liability insurance will provide coverage for legal fees, settlement expenses, and more.
Business Plan Assessment
Conducting a business plan assessment will help you identify your company’s strengths and weaknesses. The assessment could guide you when choosing commercial insurance protection. Because your role as a contractor may change from time-to-time, it is important to conduct plan assessments on a recurring basis.
Insurance Guidance through The Mitchell Agency LLC
The Mitchell Agency LLC is proud to serve Alabama and Georgia. Contact one of our insurance agents for further assistance with your commercial insurance policy and any insurance upgrades that you seek.
