GENERAL LIABILITY INSURANCE

GREAT RATES

OUR GOAL IS TO PROVIDE THE BEST POSSIBLE RATES FOR YOUR BUSINESS.

100% RELIABILITY

ONCE YOU CHOOSE ISOM YOU CAN COUNT ON THE HIGHEST LEVEL OF CUSTOMER SERVICE.

SECURE COVERAGE

YOUR BUSINESS IS IN GOOD HANDS WITH ISOM. PROPERLY PROTECTING YOUR COMPANY IS OUR PRIORITY. YOUR SATISFACTION IS OUR MAIN OBJECTIVE.

WHAT IS GENERAL LIABILITY

General liability insurance, sometimes called commercial general liability (CGL) insurance or contractor general liability insurance, is a class of insurance that provides liability protection to businesses in the case of bodily harm or property damage during the course of business. Insurance providers create various versions of these policies available to professionals in construction and for construction projects. Whether you are the property owner, a construction company, or a contractor, liability insurance policies are available to protect policyholders from unnecessary risk. So often, these plans will be advertised as Contractor General Liability Insurance or General Liability Insurance for Builders.

General liability insurance policies will usually cover a broad range of damages, including:

Faulty workmanship
Job-related injury
Advertising injury / defamation

Contractors or developers may actually be required to have a minimum level of liability insurance either by law in some states or to win certain contracts that require it. Companies who complete many design-build projects will definitely want to have liability insurance in case they are sued for mistakes. Also, subcontractors are frequently required to carry liability insurance in order to work for certain general contractors.

General liability insurance policies are available through various providers for the following types of businesses:

Residential general contractors (RGC)
Developers
Remodelers
Light commercial general contractors
Trade / specialty contractors (HVAC, electrical, plumbing, etc)

Like Builders Risk and other types of insurance coverage, certain exclusions are likely to be defined in the policy, protecting the insurance company from having to cover certain types of damages or incidents.

WHY YOUR BUSINESS NEEDS GENERAL LIABILITY

Most small businesses get General Liability Insurance coverage shortly after they are founded, because they could need it in a variety of situations, including…

Applying for a professional license (e.g., a plumber's license).
Signing contracts with larger companies.
Signing an office lease.

Clients and companies often require this insurance because it offers them reassurances about your business. Because GL Insurance covers many common lawsuits, clients know that your business's finances are secure. It means you won't have to file bankruptcy if you're sued. Clients want to know that you'll be able to deliver the work you're contracted for and that a lawsuit (or other covered event) won't prevent you from finishing the job.

General Liability Insurance also reassures your clients that you'll be able to compensate them if you damage their property or injure someone with your work.

INFORMATION REQUIRED TO APPLY FOR GENERAL LIABILITY INSURANCE

The location of the business.
The business name.
When the business began under its current ownership.
The number of employees.
Business partners.
An estimate of the business's revenue for the upcoming year.
Contact information for yourself and the company.
Number of years you've worked in the industry.
Details about business operations and occupational hazards (e.g., handling dangerous chemicals, performing onsite installations for clients, etc.).
Insurance history and prior claims.
The coverage amount (options typically range from $500,000 to $25,000,000 for small businesses).

WE WILL FIND THE BEST INSURANCE POLICY FOR YOUR BUSINESS

Our main goal is to work with you and your business closely to find the best Insurance plan. We will work together to ensure your business is protected from all related risk and dangers that could occur in the work field.

We have decades of experience helping contractors all over New York City and Long Island. We are familiar with the updating policies and the process it takes to cover your business.