As a contractor, you might have any number of practices that you focus on. You might be working in people’s homes, rewiring their electricity or restoring their kitchens and bathrooms. On the other hand, your work might involve strictly exterior improvements such as roof repair or landscaping.
Regardless of your line of work, it’s important to get the right type of insurance for your contracting firm. Determining that will involve a number of essential factors to keep track of:
- What is the main type of contracting work that you will be focusing on?
- Are you working on people’s actual properties, or do they take their items to you for repair and reconstruction?
- Is the type of work you do unsafe, involving large electric currents, dangerous chemicals or large industrial grade equipment that could cause injuries?
- Is your work dangerous to the workers you hire?
- How likely it is that injury or damage to your client’s property could happen as a result of your work?
Keeping note of these questions and talking to a trustworthy construction insurance Colorado agent about your commercial insurance needs should be first on your list when it comes to determining not only the type of insurance you require, but also the coverage and the long term expenses you should expect.