Ontario Contractors Insurance
As a contractor, you put in a lot of long, hard hours in order to protect and grow the business that you have created. However, even the savviest of business owners will tell you that there are limits to what you can control. There are accidents that cannot be avoided and a variety of natural disasters that could strike any day. Regardless of how well prepared your business is and how well trained your employees may be, you are still exposed to certain risks over which you have no control.
A comprehensive Contractors Insurance policy from Bethel Insurance Brokers of Ajax, Ontario will provide you with a much needed safety net. This will provide you with protection against unexpected injuries, lawsuits and other catastrophes. In addition to the safety measures that you take to protect your business, a quality policy will provide you with an extra line of defense against all of the uncertainties and risks that you encounter every day as a contractor.
Coverage That Makes A Difference
The work of those in the construction industry is rather diverse. With such great diversity come an increased number of risks. Some contractors keep a storefront where they meet clients, sell materials or services, etc. One of those visitors could become injured while on the premises. Some contractors install kitchen cabinets or drywall in the homes of their clients. If one of these products causes harm inadvertently, you could be held accountable.
Adequate Contractor Insurance is designed to safeguard your business against the growing number of risks for potential legal action brought on by people claiming your fault in an illness, injury or accident. This type of coverage is especially important in today's litigious society. Your broker will be happy to discuss ways that you can protect your contracting business as well as your personal assets from events that are out of your control with the right coverage.
You can benefit from your policy in a number of different ways, such as:
- Protection for your business assets - If someone claims property damage, injury or bodily harm and you are not properly covered, you could lose your business assets if they are seized in order to pay a judgment.
- A plan for survival - If a judgment is passed, you have court costs to pay and you have to pay settlements, your Contractors Insurance will help ensure that your business will be able to survive.
- Business security - With the right coverage, you will be able to keep going with your day to day work activities with the peace of mind that you and your employees are adequately protected against the unexpected. Your policy will protect your contracting business against any claims that are brought against your company as a whole, but it will also protect you against claims that are made against your employees as well.
A quality insurance policy from Bethel Insurance Brokers will put your mind at ease. You will find comfort in the knowledge that you will have the funds that you need to carry on with your daily operations, even when the claims made turn out to be false allegations.
Your Ontario policy will provide you with coverage for costly legal fees that could easily bankrupt your small business, such as court costs, attorney fees, witness fees and other related expenses. Having the right coverage can make all the difference between staying on your feet and closing your doors for good after a lawsuit.
Your Contractor Insurance policy may also include coverage for business interruption. This means that you will be able to recover the revenue that is lost over the time that you have to spend in a courtroom defending yourself against a liability claim. Talk to your broker in order to find out about all of the various coverage options that are available to you.
The Most Important Types Of Coverage
As you start to think about your insurance needs, it helps to understand the various types of claims that Contractor Insurance can protect you against. You will want to ask the experts at Bethel Insurance Brokers about the policies that will best fit the needs of your contracting business, but some of the claims that are typically covered include:
- Advertising and Personal Injury
- Bodily Injury
- Completed Products
- Medical Expenses
- Property Damage
Do not leave the fate of your contracting business to chance. Click on the quote request button to contact an experienced broker today. A licensed broker will help you with the assessment of the risks that are associated with your contracting business and work with you to make certain that your business is protected with the right policy. Your mind will be at ease knowing that the business that you have worked so hard to build is secure.