Demolition contractor general liability insurance is a fairly specialized type of insurance that can be purchased either as part of an overall business plan or as standalone coverage. If you are a demolition contractor working in New York, NJ or CT you will need to make sure that you have a policy in place before you take on any professional jobs. This applies whether you work exclusively with demolition or that is just one part of your contractor services.

If you’ve never signed up for demolition contractor general liability insurance before (or even if you have) you may not be entirely sure what types of things this will cover. Taking a moment to learn more about this type of insurance and why it is important can help you to get the right policy for your specific situation.

What Does Demolition Contractor Insurance Cover

When people first hear about demolition contractor general liability insurance they assume that it just covers any situations where a person is hurt related to a demolition job or a building is damaged that shouldn’t be. While those two things are certainly a part of this type of policy, it really isn’t the whole picture.

You’ll also be covered should someone slip and fall on your business property. If you run an advertisement that may be damaging to a competitor, this insurance can help pay for any legal costs related to that as well. In general, demolition contractor general liability insurance covers the following three types of damages:

• Punitive Damages – If your business commits any type of wrongful act you may be held financially responsible in the courts.
• General Damages – This covers instances where the plaintiff suing your business has damages such as ‘pain and suffering’ or ‘mental anguish.’
• Compensatory Damages – This is the most well-known option and covers any financial losses incurred by the claimant as well as any money that was lost related to the claim.

As you can see, this type of insurance policy can cover just about anything related to working as a demolition contractor. Not only will it provide you financial protection should you be sued, but it will also allow you to bid on more jobs. Many demolition jobs are required to have an insured contractor working on them by law. Even those that don’t, the client may desire it. Having a good insurance policy in place will certainly allow you to get more work for your business.

Get a Great Policy Today

If you’re ready to sign up for a new policy or you just want to learn more, please give us a call. We can be reached by dialing either 212-671-2562 or 718-676-9743. One of our insurance experts will be happy to work with you to figure out the exact insurance policy you need. We’ll then get you free, no obligation quotes from the top insurance companies serving New York, NJ and CT. If you choose to sign up, we can have your proof of demolition contractor general liability insurance in your hand almost immediately.