Why is it imperative to get contractor’s general liability insurance in Kitchener?

By March 7, 2017Blog

It is to be noted that contractors are not allowed to work if they do not have general liability insurance. The contractor’s general liability insurance in Kitchener has been made mandatory keeping the safety factor in mind. The contractor’s general liability insurance in Kitchener would guard both owners and operators of companies against different types of claims arising from a wide spectrum of sources. These could be anything ranging from liability caused by accidents due to any operations of the insured party to products produced by the insured party to contractual liability.

Insurance Coverage Premium

The amount of premium that you need to pay would depend on the coverage amount you shall select. In order to have a general liability insurance coverage, you need to first make a down payment and then pay monthly installment going forward. It is always advisable to compare a few general liability insurances available in the market before finalizing one. Ask them individually for quotes and how much coverage they are offering.

All Should Have Insurance Coverage

It is always the job of a general contractor to ensure that everybody engaging in his firm is covered under some or other kind of insurance. It is also to be noted that if anybody outside of the project gets injured, his lawyer can sue just about anybody involved in the project. This factor also needs to be considered while choosing liability insurance.

Duty of a General Contractor

A contractor must see to the fact that all his subcontractors have general liability insurance. If they have the necessary insurance coverage then the insurance rate and liability exposure can be greatly reduced. One must know that a subcontractor is not an employee of the contractor. He is an independent worker. Thus, the contractor is not responsible for the subcontractor’s mistake. However, a lawyer can always find a way to file negligence charge on anybody working in the project liable for his client’s injury. This is the reason for liability insurance to be imperative for every contractor.

The best way to find a reliable and proper insurance coverage plan is to research online.

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