The most important protection provided by contractor’s insurance is third-party bodily injury coverage. For example, if a beam falls and injures your neighbor, damages their car, or someone slips on spilled oil, you could face a lawsuit for damages. Typically, this type of protection is included in general liability insurance. It covers medical expenses, legal defense costs, and settlements for property damage or bodily injury. Third-party coverage is specifically designed to protect against claims from non-employees who are injured or experience property damage due to your construction or building operations.

What Does Third-Party Coverage Include?

While precautions should be taken to prevent accidents, such as securing heavy beams, cleaning up spills promptly, and ensuring safety measures are in place, third-party coverage is there to provide financial protection regardless of fault. This coverage ensures that immediate medical expenses for injured parties are paid. If you are taken to court, it will cover all legal fees and court costs, even if the lawsuit is deemed frivolous. Additionally, third-party coverage remains in effect after the project is completed, protecting you from claims related to manufacturing defects or other issues that arise post-construction.

Contractor’s Insurance in Chandler, AZ

If you are in the Chandler, Arizona area or have construction projects in the region, contact us at San Marcos Insurance Group. Our team will help you find the contractor’s insurance policy that best fits your needs and provides the protection you require.