The Most Common Contractor Liability Claims

The Most Common Contractor Liability Claims

October 1, 2018

The Most Common Contractor Liability Claims

General contractors liability insurance is required by law in most states—but even in states where it is considered optional, most contractors choose to purchase this type of insurance to protect themselves and their businesses. Contractors liability insurance in Arizona can keep you from being financially responsible should something go wrong while executing a contract. Some of the most common claims that are filed with contractors holding general liability insurance include:

  • Property damage claims. Property damage claims are filed when a client alleges that you caused harm to their property or broke something over the course of your contract. Holding liability insurance can help you avoid a lawsuit should the home or business owner demand repairs for the alleged damage.
  • Personal injury claims. Builders and contractors know firsthand how important safety regulations are on the job site. Unfortunately, untrained visitors or property owners may not understand the steps they must take to navigate your space, office, or showroom safely. Contractors liability insurance can help protect you financially if a third party is injured in a space under your control.
  • Completed projects claims. Some types of contractors liability insurance cover completed project claims, which is a type of claim in which a home or business owner alleges that your work has caused them injury following the completion of a job. For example, if you were to install a new deck that ended up collapsing and hurting the homeowner, you may be at risk for a serious lawsuit—unless your insurance covers these types of claims.

General contractors insurance in Arizona from DJM Insurance Services can help protect you from expensive medical and property bills or even lawsuits costing thousands of dollars. Give our team a call today at 800-763-0698 or browse our website to learn more about the different types of insurance packages currently available and the importance of having proper insurance for your business.