Understanding Contractor Liability Insurance: Essential Coverage for Your Business
Running a contracting business in British Columbia comes with its share of responsibilities and risks. As a contractor, you are often involved in projects that can expose your business to various liabilities. From potential property damage to third-party injuries, the risks are real, and without proper coverage, they could lead to significant financial losses. This is where Contractor Liability Insurance BC comes into play, providing essential protection for your business against unforeseen circumstances. Why Contractor Liability Insurance is Crucial Contractor liability insurance is designed to cover the legal costs and damages that may arise if your business is held responsible for property damage or bodily injury. For instance, if an accident occurs on a job site and someone gets injured, the medical expenses and legal fees could be substantial. Without the right insurance, these costs could come directly out of your business’s pocket, potentially jeopardizing its financial stabil...