General liability insurance helps protect contractors from some of the most common claims that can arise while working at a customer’s home, business, or job site. It typically covers third-party bodily injury, accidental damage to someone else’s property, personal and advertising injury, and certain claims related to completed work. It may also pay legal defense…
A new contractor should generally buy business insurance before accepting the first project, entering a customer’s property, driving for work, or signing a contract that requires coverage. Waiting until after work begins can leave the contractor personally responsible for an accident, lawsuit, theft, or property damage that happens before the policy becomes active. Not every…
Yes, you can sometimes work as a contractor without business insurance in the United States. No single federal law requires every self-employed contractor to carry the same insurance policies. However, being legally allowed to work without insurance does not necessarily mean you can complete every job without it. State licensing rules, commercial auto laws, workers’…
Independent contractors are responsible for more than completing projects and collecting payments. Unlike traditional employees, they usually do not receive business insurance protection from an employer. When a customer is injured, equipment is stolen, professional advice causes a financial loss, or a vehicle accident happens during a job, the contractor may have to handle the…
Working for yourself gives you control over the projects you accept, the clients you serve, and the way you run your business. It also means you are personally responsible for handling the risks that an employer would normally help manage. A damaged customer property, stolen tools, vehicle accident, workplace injury, or lawsuit can create expenses…
