All about NJ Contractors’ Insurance
Some categories of people constantly exposed to risk are contractors. These people are often
balanced precariously on a skyscraper in the city or working on a busy highway. The nature of the
work as well as the locations in which contractors regularly find themselves makes it imperative that
they have adequate insurance.
Fortunately, there are now plenty of contractors' insurance policies available in all states. New
Jersey also has its own NJ contractors' insurance. These insurance policies cover contractors,
whether they are working in seemingly comfortable and non-risky surroundings like someone's
home or in blatantly dangerous circumstances like on a top of a steep skyscraper.
The policies are fairly comprehensive and cover all manner of risks, such as general liability and
workers' insurance. They also protect workers' tools and equipment, something of great importance,
since these are generally of much value. Some NJ contractors' insurance companies have policies for
various types of contractors, including air conditioning and refrigeration contractors, carpenters,
landscape workers, masons and masonry contractors and even janitors and janitorial service
These companies also often provide tailor-made insurance policies for several categories of
contractors. To arrive at a specialized plan, these companies often undertake surveys of the areas
where the contractors are working to understand the liability as well as come to a conclusion about
the coverage needs.
Contractors' insurance is not only a safe thing for contractors themselves, but for the people who
hire them as well. Some categories of work are especially dangerous, such as roofing. If a roofing
contractor without adequate insurance meets with an accident while working in a customer's house,
the customer himself becomes liable to pay the medical and rehabilitation expenses.
Further contractors' insurance will pay for the increase in cost if the construction or remodeling
work does not go as planned or if someone else gets hurt on your property because the work of the
contractors. For this reason, the general liability part of the policy is the most important part of the
contractors' insurance policy. This protects you if the contractors' work results in faulty
workmanship or even damages to your property. So if you are a home or business owner and are
getting some construction or remodeling work done on your property, you must examine the
general liability part of the contractors' insurance policy.
The other types of insurance that all NJ Contractor Insurance must have are the builders' risk
insurance and the workers' compensation or employer's liability portion of the insurance policy. The
builders' risk part of the policy protects the materials that are being stored while the work is in
progress and might be damaged because of theft or a natural calamity.
The workers' compensation or employer's liability part of the insurance policy looks after the
medical and rehabilitation benefits of workers should they get injured on your property while the
work is in progress.
All in all, Landscaping Insurance policies for contractors are a must New Jersey Insurance Agency.
They protect the contractors as well as the people on whose property the contractors are working.
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