Masonry Contractor Liability Insurance
When you work with brick and stone on a regular basis, you can likely see a need to protect yourself, your business, and your customers with liability insurance. This is especially the case if you want to remain competitive in a field that’s worth about $23 billion (Source: IBISWorld).
Fortunately, you can get a masonry contractor liability insurance policy that has all the coverage you’ll need to confidently work in this industry. Whether you work in residential or nonresidential construction, you should get to know why you need masonry contractor liability insurance and what it includes.
Liability Insurance Will Cover These Expenses
Once you get an insurance policy as a masonry contractor, you’ll have access to the many types of coverage provided by general liability (GL). The main expenses this will cover include:
- Court settlements that you’ll owe if you lose the case
- Legal expenses required to pay for your lawyer’s time, the collection of legal documents, and any witness expenses
- The total for the bond that the judge may require you to obtain
- Any money you lose because you had to spend time working on your case and going to court
Who Is Covered?
If you employ anyone in the masonry industry, your masonry contractor liability insurance should cover them as well as you. In fact, whether you have an entire team of masonry contractors or just a couple of employees who help with your business, the policy you get will extend to them when there is an accident on your business property.
Common General Liability Coverages
Bodily Injury: The bodily injury insurance section of your masonry contractor liability insurance policy is meant to pay for the medical treatment of anyone who is hurt in the vicinity where you’re doing your job. So whether you drop a brick on a customer’s foot while you’re building a brick wall or a customer trips over a chair in your office, this part of your masonry contractor liability insurance will cover the medical bills.
Property Damage: Masonry contractor liability insurance also features property damage coverage. The point of this is to ensure that you don’t have to pay for the repairs when someone’s personal property is destroyed at your worksite. It can also cover replacement costs if the item is stolen from the premises where you work.
Products and Completed Ops: You need this coverage as part of your masonry contractor liability insurance policy because it will pay for the medical bills of anyone who gets injured or ill after you provide your masonry services to them.
Medical Payments: Not everyone initiates a lawsuit after getting injured, but that doesn’t mean you won’t be held responsible for their injuries or illnesses. Fortunately, the medical payments portion of your masonry contractor liability insurance policy will take care of this expense.
Personal and Advertising Injury: If someone ever claims that you slandered or libeled them, or even infringed on a copyright, the personal and advertising injury section of your masonry contractor liability insurance policy will pay for your legal costs as you fight the allegations.
Damage to Premises Rented to You: You might find it necessary to rent an office or warehouse for your masonry business, at which point you will need insurance for this business expense. This will pay for any damage that occurs to the property while you’re renting it.
If you are ready to get a quote for masonry contractor liability insurance, please contact USA Business Insurance today.