Why Artisan Contractors Should Think Beyond Commercial General Liability

Why Artisan Contractors Should Think Beyond Commercial General LiabilityWhy Artisan Contractors Should Think Beyond Commercial General Liability

By nature of today’s construction industry, artisan contractors often operate in small businesses. Because limiting expenditures is especially important in smaller companies, it can be tempting to rely solely on a Commercial General Liability (CGL) plan. While this is a good starting point, it is probably more financially prudent in the long term to combine a CGL with a few additional coverage types. If you are looking for artisan contractors insurance in Champaign IL, review your business’ assets to see if you should expand your policy’s coverage.

What is CGL Insurance and What Does it Cover?

A CGL plan is an insurance package that protects business owners against basic risks. Usually, it will provide the following types of coverage:

  • Property damage
  • Liability losses
  • False advertising and slander

 

What Additional Coverage Should Artisan Contractors Have?

This will largely depend on what type of artisan contractor you are, because each specialty carries its own set of risks. The best way to make sure your business is adequately insured is to review your assets with an experienced insurance agent who can help you decide how best to protect against losses. For example, an agent may suggest that plumbing and heating installers have a pollution liability policy in case chemicals are accidentally released from broken pipes.

While additional coverage may raise your premiums slightly, you will be glad for the extra insurance if you ever need it. If you are searching for artisan contractors insurance in Champaign IL, be sure to thoroughly research all your business’ risks and include them in your policy.

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