Contractors’ liability insurance specifically covers claims related to bodily injury and property damage caused during construction work, while other types of insurance, such as general liability or workers’ compensation, may cover different risks.

You can obtain this insurance by contacting insurance brokers or companies that specialize in commercial insurance. They will assess your needs and provide quotes based on your specific requirements.

Yes, common exclusions may include intentional acts, contractual liabilities, and damages caused by pollution or professional errors. It’s important to review your policy for specific exclusions.

Yes, many insurers allow customization of policies to fit your specific business needs. You can add endorsements or additional coverage options to enhance your protection.

To file a claim, you typically need to notify your insurer as soon as possible after an incident occurs. They will guide you through the necessary steps, including documentation and investigation.

While it may not be legally required for all contractors, many clients and municipalities require proof of this insurance before granting contracts or permits.

Generally, larger businesses with more employees or higher project values may face higher premiums due to increased risk exposure. Insurers assess various factors to determine rates.

Without this insurance, you risk facing significant out-of-pocket expenses if a claim arises from your work. This could lead to financial instability and damage your business reputation.