Why do general contractors need insurance? What are the specific risks they face that make insurance essential for their business operations and client projects?
General contractors need insurance to protect against various risks like accidents on job sites, property damage, and work-related injuries. Without insurance, they could face huge financial losses from lawsuits or claims. It helps ensure projects run smooth, protects their assets, and gives clients peace of mind, making it essential for success.
Insurance helps the GC’s business by protecting its stuff, making sure they follow the rules, and keeping clients safe from money loss if accidents, mistakes, or unexpected things happen.
General contractors need insurance to protect against property damage, personal injury, project errors, equipment loss, and legal claims. It ensures financial stability, regulatory compliance, and client trust.
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