Working with your hands and building/refurbishing beautiful homes for a living can be a very rewarding job, one that creative, handy types may not think twice about. But the truth is, working inside people’s homes comes with a variety of risks. And the right insurance policy can offer valuable protection.
If you stop and think about it, the risks become apparent. Being in someone’s home can be stressful for both homeowner and contractor. From the homeowner’s perspective, having a stranger in the house may lead to theft and other personal crimes. From the contractor’s perspective, you may feel like you have to walk on eggshells in order to not attract suspicions from the homeowner.
Any bit of property that you damage will be your responsibility to fix or replace. That liability hanging over your head is enough for many contractors to seek coverage. But in addition, you must also consider the possibility for future damages. If your plumbing team replaces a pipe under a kitchen sink, a shoddy job may lead to a future leak that does extensive damage and your contracting business may be held responsible.
For these reasons, it’s prudent to consider professional liability insurance. This coverage is designed to protect businesses from the cost of errors, whether spurring from mistake or negligence. If a client claims that you caused damage to their home, professional liability insurance can cover the expense of the claim, including repairs and even legal costs.
It’s a no-brainer that contractors should insure the expensive equipment owned by the business. But professional liability insurance is an important consideration as well. Call your independent insurance agent to learn more about how this coverage can support your business.
Get a quote today. Call Saunders Insurance Agency at 740-446-0404 for more information on Gallipolis professional liability insurance.