If the random Texas Winter Storm didn’t remind you that literally, anything can happen at the drop of a hat, then let us remind you that at one point, we were lighting candles for heat and boiling our water to drink. Phew! Glad that’s over. We were all wishing we had just replaced those flashlight batteries when we could, or bought those bottles of water beforehand. But we definitely learned some important lessons, didn’t we? Like that being prepared for ANYTHING is always the best option. The same goes for your construction business. As prepared as you think you are, it’s vitally important that you do a pulse check on how ready you are for the “winter storm” situation that could come your way.
If you want to be prepared, you’ll need general liability insurance to cover the basic gaps. This type of insurance, also known as contractor’s insurance, is required by the State of Texas in order for construction to begin on a site. It helps with common problems, such as property damage to the client’s property and client injuries onsite. Usually, it pays for any court-ordered compensation for the counterparty, should there be a lawsuit, as well as the cost of your business’s legal fees. It can also cover claims of false or misleading advertising, which include libel, slander, and copyright infringement. Of course, this policy covers your general needs, but you still need to consider and budget for business auto insurance, commercial property insurance, workers compensation insurance, and even employee benefits.
As with any insurance policy, your general liability insurance covers up to a certain amount, and the limit varies upon which insurance policy you select. When you are selecting your policy, you need to bear in mind that you are responsible for any additional costs that are not covered by your policy. We know that that decision can be overwhelming, so gather up your company details so we can help you decipher which policy “fits” your needs. Remember that you can always increase your coverage with commercial umbrella insurance.
Contractor businesses can include general contractors, carpenters, electricians, plumbers, HVAC technicians, roofers, landscapers, painters, and more. That means that if your business swoops in to take care of people and other businesses at all times, even in the aftermath of a crazy winter storm, you may qualify (and legally need!) general liability insurance.
Don’t risk the lawsuit or outrageous legal fees that can overwhelm a small business. Protect your business from the unknown and call a SOGO agent today to get the coverage you need for the best price you can find in our market. San Antonio-area contractors have been counting on us to back them up for years, and you can too. We applaud the contractors who have helped the whole state recover from the harsh winter storm, and thank you for your tireless work. Let us help you protect your oh-so-important business today.
In case you missed it: Check out “SA’s Black Restaurant Week” because even though San Antonio’s third annual black restaurant week specials may be over, you still have the chance to go to these black-owned businesses and try the amazing offerings and treats they are serving up to the San Antonio community. Let us know what you try!
