Contracting often involves considerable manual labor and exposure to significant health and safety risks. With these risks in mind, multiple contractors go to work every day with the potential to face injuries and illness.
And it's not the contractors who face risks. Their clients can as well. Any visitor to a contracting site could be injured while construction is in progress.
Contracting site safety is often tantamount to the successful completion of a job. Should something go wrong, it could cost the contractor assets and lead to potential legal action. The correct insurance coverage and proper safety precautions could help reduce the risk of accidents and possible financial ramifications.
Insurance for Contractors
Contractors often have to carry certain liability insurance policies in order to protect their own assets. The right insurance may be a determining factor that wins a contractor clients. More importantly, these policies can help see to the needs of clients and employees on the work site.
- General Liability Insurance: Contracting clients and other third parties may periodically enter the contractor's premises. These may include the business facility or the job site itself. If an accident injures clients or other visitors, they'll likely need to be compensated. General liability coverage could help a contractor assist an injured party with medical costs, as well as settle any legal action.
- Workers Compensation Insurance: Just as a contractor's clients could face injury risks, so could the business' employees. Should the employee sustain a job-related injury, they might need medical treatment and sustained time off work to recover. Workers compensation can provide income and financial assistance in such instances. The law requires most employers to offer workers compensation.
When buying liability insurance policies, make sure they effectively cover both the business and potential work sites. Furthermore, make sure they cover all necessary risks your visitors and employees may encounter.
Increasing Workplace Safety
In addition to insurance coverage, most contractors have to abide by strict workplace safety regulations. But there are additional ways to improve workplace safety. Doing so can help reduce the risks of ever triggering a liability insurance claim.
- Only hire professional, trained employees who have a full understanding of the tasks they have to undertake. Never let inexperienced employees undertake significant tasks without the correct oversight.
- Require all employees to study and follow workplace safety laws at all times.
- Carefully monitor access to contracting sites. Make sure your visitors and employees access dangerous areas with care and discretion.
Even though employee and client risks will never go away, you can reduce those risks with the proper care. Make sure to get the right coverage for your liability needs.
We can help you find coverage. Call Atlantis Insurance at (305) 392-1381 for a fast, free Florida contractors insurance quote.