5 Reasons a General Contractor Should Be Insured

Man holding blue helmet close up.
Jon Stojan

 When it comes to construction and building, there are several responsibilities that a general contractor carries on their shoulders. From overseeing projects and ensuring quality standards to managing the workforce, the role comes with its fair share of risks. For those who understand, having insurance isn't just a good thing; it's a necessity. Here are five solid reasons every general contractor should ensure they're covered: 

Liability Coverage for Accidents 

In the construction industry, accidents can and do happen despite all precautions. The financial implications of accidents can be staggering, whether it's an unfortunate mishap with heavy machinery or an unintentional oversight that results in property damage. This is where insurance steps in. When covered, an insurance policy can protect the contractor financially if such unforeseen accidents happen.  

 Assures Clients 

Trust is paramount in any business relationship. Clients tend to lean toward contractors who have taken steps to shield their operations from potential mishaps. Being insured offers clients added assurance, knowing that should anything go wrong, there's a system in place to address it. Such a commitment not only fosters trust but deepens the bond of partnership.  

Safeguards Employee Well-being 

Employees are the lifeblood of any organization. Ensuring their well-being fulfills a moral obligation and boosts morale and productivity. Insurance policies can offer peace of mind for the contractor and their employees, protecting them financially if work-related injuries or health issues occur. This means workers can feel secure, knowing their welfare is a top priority. 

 Fulfills Contractual Obligations 

In many scenarios, being insured isn't just a choice; it's a mandate. Many clients or stakeholders stipulate insurance as a prerequisite in their contracts. By being insured, contractors can seamlessly navigate these contractual waters, preventing roadblocks in securing projects. 

Enhances Professional Credibility 

In an industry riddled with competition, standing out is crucial. Being insured isn't just about protection; it's also a badge of professionalism. Contractors with comprehensive coverage often enjoy a heightened status in the market, drawing clients who prioritize reliability and security. 

Now that you understand the need for insurance, where can you get it, especially with the endless options out there? That's where biBERK comes in, championing the insurance needs of small businesses.  

As part of the esteemed Warren Buffett's Berkshire Hathaway Insurance Group, biBERK has decades of insurance knowledge. They focus on helping small businesses and sell insurance straight from their website. This means no middle people, so their insurance can be 20% cheaper than others. 

With a simple visit to the biBERK website, potential clients can access instant and self-service policy quotes. But it's not just about affordability; it's also about comprehensiveness. Recognizing that every business is unique, biBERK offers several policies tailored to different risks. This ensures you only pay for what you need, making the most of your money. 

As a general contractor, it's not just about building structures but building a solid and secure foundation for your business. Take the step, protect your business, and give yourself and your clients the assurance you both deserve. Head over to biBERK today. Your peace of mind is just a click away. 

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