Mistakes happen, even to the most experienced contractors. People trip and fall, equipment breaks, designs aren’t always perfect. But a mistake can have a huge financial impact. Even if the incident wasn’t your fault, someone still needs to cover damages, lawsuits, or any other costs that arise. That’s why it’s important to know how well your contractor insurance covers your mistakes.
Luckily, there are two contractor insurance policies that are designed to cover many different types of accidents: general liability insurance and builders risk.
Here’s how these policies cover your mistakes.