A contractor has a wide variety of insurance needs to ensure the safety of their business, their employees, and their clients. The type of insurance a contractor needs will depend on the type of services they provide and the size of their business.

Here are some of the types of contractor insurance coverage you may need for your business. 

General Liability

General liability insurance is one of the most important types of insurance for a contractor. This type of insurance will cover the contractor if a client or anyone else gets hurt or their property is damaged as a result of the contractor's negligence. General liability insurance can also provide coverage for legal expenses in the event of a lawsuit.

Worker's Compensation

Workers' compensation insurance is another important type of coverage contractors need. This type of insurance will cover the medical costs associated with an injury or illness that an employee suffers while on the job. This coverage will also pay the employee's wages while they are recovering. It can also provide the contractor with financial protection in the event of a lawsuit being brought by the employee.

Auto

Commercial auto insurance is important for contractors who have vehicles they use to transport equipment or materials to job sites. This type of insurance will cover any damage to the vehicle, as well as any bodily injury or property damage caused by an accident involving the vehicle. It covers everything in an accident as long as you listed the employee who was driving on the policy.

Professional Liability

Professional liability insurance is important for contractors who provide services that require specialized skills or expertise. This type of insurance will provide coverage for any losses caused by errors or omissions in the contractor's work.

Business Owner's Policy

You may want to consider purchasing a Business Owner's Policy (BOP). This policy combines a variety of types of insurance into one package, including general liability, property, and business interruption insurance. It offers all the above coverage plus a few extras. This way, you are covered for things you may not have thought of but end up needing.

In summary, contractors need to purchase a variety of types of insurance to protect their businesses, employees, and clients. The types of insurance needed will depend on the type of services provided and the size of the business. Purchasing a BOP can be a great way to ensure that all of the necessary types of insurance are covered in one package.