“Business insurance” is the general term for the many types of coverage a business can opt to buy. From commercial general liability insurance to errors & omissions insurance, there are many options for protecting your business.

Contractors insurance is a combination of policies designed to protect your business from risks such as property damage, injuries, or lawsuits. It’s essential because it shields your finances from unexpected costs and is often required by clients or licensing boards to operate legally.

Contractors insurance typically includes general liability, workers’ compensation (if you have employees), commercial auto insurance, and tools and equipment coverage. You can also add specialized policies, like professional liability or builder’s risk insurance, depending on your needs.

Yes! Even if you’re a sole proprietor, clients often require proof of general liability insurance. It protects you from financial losses due to accidents, property damage, or claims of negligence.

Yes, in most states (except Texas), workers’ compensation insurance is mandatory if you have employees. It helps cover medical expenses and lost wages for employees injured on the job.

Yes, you can purchase insurance without a license, but having a license may be required to perform work legally or to qualify for certain policies. Licensing also helps you build credibility with clients.

No, subcontractors typically need their own insurance policies. As a contractor, you should require proof of insurance from any subcontractors you hire to avoid liability issues.