Working as a contractor and owning a business comes with a lot of freedom to choose your own schedule. It can also come with many perils, and that’s why you should consider assessing your needs for plumbers insurance in Champaign, IL.
Tailored Insurance Products
By protecting against liability, plumbers who work hard on home construction sites and in repair jobs at business locations can avoid lawsuits that affect profits. Many skilled artisans already know they need commercial general liability insurance to protect against unfortunate property or liability losses.
Other products exist that protect against scenarios that only some contractors face in their normal business operations. For instance, business interruption insurance can cover the expenses related to a business shutdown, such as lost income and other expenses.
For contractors with employees, workers compensation coverage can help if someone is injured on the job. A review of such coverage is important to ensuring your continued profit and the safety of workers. These and other products can be included together as a package or be provided as individual insurance policies.
The insurance that will protect an electrician might not be the appropriate package for someone who needs plumbers insurance in Champaign, IL. Products exist that can protect you from the hazards that are inherent to the plumbing industry. Installation floaters and umbrella insurance, for instance, can protect you from major claims and lawsuits.