As a contractor, you understand the importance of protecting your business from potential liabilities. One of the best ways to do this is by investing in contractor insurance. GEICO, a well-known insurance company, offers several insurance options to meet the unique needs of contractors.
General Liability Insurance
GEICO`s general liability insurance is designed to protect contractors from third-party claims for bodily injury, property damage, and personal injury. This insurance covers the cost of legal defense and settlement if the contractor is found liable for damages. General liability insurance is essential for contractors who work with heavy equipment or in hazardous environments where accidents can occur.
Workers` Compensation Insurance
Workers` compensation insurance is mandatory in most states, and GEICO provides coverage for workplace injuries and illnesses. This insurance covers medical expenses, lost wages, and rehabilitation costs for employees injured on the job. It also protects the contractor from lawsuits filed by employees for work-related injuries.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance, protects contractors from liabilities arising from errors or omissions in their work. This insurance covers legal defense expenses and damages awarded to clients who suffer financial losses due to the contractor`s negligence. Professional liability insurance is crucial for contractors who provide professional services, such as architects, engineers, and consultants.
Commercial Auto Insurance
Contractors who use vehicles for business purposes need commercial auto insurance. GEICO`s commercial auto insurance policy covers bodily injury and property damage caused by the contractor`s vehicle. It also covers theft, vandalism, and collision damage to the vehicle. Commercial auto insurance is essential for contractors who use their vehicles to transport materials, equipment, or employees.
In conclusion, as a contractor, investing in insurance coverage is crucial to protect yourself, your employees, and your business. GEICO offers multiple insurance options to meet the unique needs of each contractor. Whether you need general liability, workers` compensation, professional liability, or commercial auto insurance, GEICO has got you covered. Protect your business today by contacting GEICO for a free quote.