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30 Oct How General Liability Insurance Can Protect Your Company After Hurricanes
In the wake of the recent hurricanes, a lot of residences along in Gulf Coast and in Puerto Rico have been destroyed. This devastation has resulted in a lot of demand from contractors, especially for ones who can build quickly. That demand, while it can help your business grow, can also be dangerous if you don’t have general liability insurance. Here’s why:
- More and more government sites and community boards are warning people away from contractors that don’t have insurance. The South faces a lot of regular hail damage, and previous incidents of poor construction and rushed repairs have left them wary. When individuals look into hiring contractors, some of the first advice they receive is to demand insurance coverage to weed out potentially bad contractors. Even if you have a reputable company, an insurance certificate may be the only way to prove it.
- General liability insurance can help your company address claims. Because of the range of destruction left after the storms, ranging from wind damage to flood damage to electrical work, clarifying who is responsible for which repairs will be messy, especially as third parties and local governments buy out damaged homes. The paperwork for initial contracts, home insurance claims, and claims your company could face for property damage will be difficult to untangle for months following the storm. General liability coverage can help cover the legal fees to help figure out the actual agreements and protect your company from unjustified claims.
Rebuilding Houston, Florida, and Puerto Rico, as well as other areas impacted by the recent storms, is an important task, and being a reputable contractor can help your company expand. Make sure you have the coverage in place to grow and work safely and go to Evolution Insurance Brokers to get started.