Why a business should request insurance from a contractor

As a business owner, it is important to protect your company against potential risks and liabilities. One way to do this is by requiring contractors and vendors to provide a certificate of insurance before working with your business.

A certificate of insurance is a document that verifies the existence of an insurance policy and provides important information about the coverage it offers. By the insurance from a contractor, you can ensure that they have the necessary coverage to protect your business in the event of a claim, lawsuit or injury onsite.

As an example, if a contractor is working on your property and causes damage, you could be held liable if the contractor does not have sufficient insurance coverage. By requiring a certificate of insurance, you can confirm that the contractor has the necessary coverage to cover any damages or losses that may occur.

In addition, a certificate of insurance can provide important information about the specific coverage provided by a contractor's insurance policy. This can be helpful in determining the extent to which your business is protected in the event of a claim.

In the end, requesting a certificate of insurance from a contractor is a simple but important step that can help protect your business against potential risks and liabilities. By ensuring that your contractors have the necessary insurance coverage, you can feel confident that your business is protected in the event of an accident or loss.

Always speak with a professional to ensure you are properly protected.