Why ALL Pros Should Be Insured

. 2 min read

Guest post by: Marci Lall, R.I.B.(Ont), CRM
FSB Group Ltd. https://www.marcilall.com/

Commercial General Liability for all trades people is a must.  Whether you’re a handyman, handle small renovations or an electrician you’ll want to make sure you and your company are properly protected. Prices range depending on the type of work you do and how much you bill annually, but the general range is $60-$100 per month. Definitely a worthwhile investment to save your business and reputation in case of an issue.

Commercial General Liability Insurance for contractors and tradespeople is just as important as general liability insurance for any other business.  It covers the liability of a contractor or employee for personal injuries that are caused by the negligence of the company or individual.

If the company or individual does not carry insurance, they will open themselves up to pay for damages personally.  This can mean paying court costs and damages from your own pocket! For some, this could mean having to declare bankruptcy.

Jiffy only partners with Pros who carry liability insurance - this is to protect all parties involved in the job (the homeowner, the trade and Jiffy). Aside from protection in case of a claim, having insurance in place shows that you’re serious about your craft and that you care about the safety and wellbeing of yourself and others.

There are three different types of commercial general liability insurance for contractors and tradespeople.

  1. Bodily Injury
  2. Property Damage,
  3. Third-party Liability

Bodily injury insurance is designed to protect you from any claims that result from an accident between you and your clients or customers.

Property-damage coverage is designed to cover damages to any building, structure, or real estate that is damaged by the negligence of the contractor.

Third-party liability coverage is designed to protect you from the costs incurred by other parties due to injuries caused by your negligence.

If a policy doesn't cover all of these things, it's a good idea to find one that does.

Get a quote in 24 hours, email (marci.lall@fsbgroup.ca) or call me (905-731-5177) if you have any questions.

Marci Lall, R.I.B.(Ont), CRM