If you are a business owner, then you know that there are many risks that come with owning a company. One of the best ways to protect yourself from these risks is by purchasing general liability insurance. But what happens if you hire subcontractors? Do they fall under your general liability policy? In this article, we will answer that question and discuss what else you need to know about general liability insurance for subcontractors.
Does General Liability Insurance Cover Subcontractors?
The short answer is that it depends. This is because there are many different types of general liability insurance policies, and each one has its own specific coverage. For example, if you are hiring a subcontractor to perform work on your behalf, then you will need to check with your insurance carrier to see if they are covered under your policy. Some policies will extend coverage to subcontractors, while others will not.
Also, keep in mind that even if your policy does cover subcontractors, there may be some limitations or exclusions that apply. It’s always best that you read your policy carefully and understand what it does and does not cover. In addition to this, it will help to check out what general liability insurance coverage includes for contractors so that you have a better understanding of what to look for in a policy. It’s also a good idea to speak with general contractors insurance in Decatur, GA, who can help you find the right policy for your business. They will also be able to answer any questions that you have about your coverage.
What is Included in General Liability Insurance Coverage?
General liability insurance policies vary, but most of them will cover third-party bodily injuries, property damage, and personal/advertising injury. This means that if a subcontractor is injured while working on your behalf or if they damage someone else’s property, then your policy will likely cover the costs. It further means that if the subcontractor is accused of libel, slander, or false advertising, your policy will also cover the associated costs.
In addition to this, it also covers any legal fees that you may incur as a result of any of these incidents. It’s important to keep in mind, however, that there are some exclusions to general liability insurance coverage. For example, it does not cover professional errors or omissions, workers’ compensation claims, or automobile liability. It’s also worth noting that most general liability insurance policies have a limit on the amount that they will pay out for any one claim or incident. This is why it’s so important to understand your policy and make sure that you have enough coverage to protect your business.
Now that you know whether or not general liability insurance covers subcontractors, you can make an informed decision about whether or not to purchase a policy. Keep in mind that it’s always best to speak with an insurance agent and get multiple quotes before you purchase a policy. This way, you can be sure that you are getting the best coverage for your business.