Every business is unique, reason why general liability insurance vary. Insurance companies look at different factors when determining the final costs.
This can include:
- Type of business: Contracting businesses may face more risk compared to other businesses. So, your rate may be higher.
- Experience: This can affect your general liability insurance cost depending on how long you’ve been in operation.
- Number of employees: The more workers you have, the higher the risk level.
- Location: Areas with higher crime rates can cause your costs to increase.
- Policy details: Coverage limits and deductibles. More coverage and a lower deductible can increase rates.
- Claims history: Clean histories can result in lower costs.
How Do I Get General Contractor’s Insurance?
To get an insurance coverage as a general contractor you must have the basic facts about your business, such as:
- Revenue
- Number of employees.
More specifically, you can follow this three easy steps:
- Complete a free online application
- Compare insurance quotes we send you, and choose policies
- Receive a free consultation to answer your questions
- Pay for your policy and get protected
NIS works with A+ insurance companies, to find coverage that fits your general contracting business, whether you work independently or have any employees.
