SunGate Insurance Agency Blog
In today’s booming economy, skilled and experienced carpenters are in high demand! Indeed, in many areas across the country, the need for individuals with carpentry skills—from framers to cabinet makers—is on the rise, and luckily shows no sign of slowing any time soon.
Yet as demand rises, so does risk; unfortunately, just one accident or error can undermine your financial stability for years to come. So whether you work as an individual or operate a small carpentry business, it’s critical to protect yourself against financial risk and safeguard your peace of mind with general liability insurance.
What is general liability insurance and what does it cover?
Generally speaking, general liability is a type of business insurance designed to protect you against financial loss relating to accidents, injury, and lawsuits that may occur as the result of the services you provide. The type of general liability coverage and the cost of your specific general liability policy will depend, in large part, on the level of risk your specific trade involves; for example, a framer has significantly different risk exposure than a flooring contractor. It will also depend on how many employees you have (if any) and the level of coverage that you want and/or require.
Typically, general liability insurance covers:
What Doesn’t General Liability Cover?
It’s important to note that general liability insurance, while important, is not comprehensive and as a stand-alone policy, may not offer complete coverage for your business. You may require additional insurance to supplement your general liability policy to ensure complete financial protection; you may also require additional coverages to ensure compliance with state and local laws.
General liability insurance does not cover:
Florida law requires that carpenters and all general contracting businesses have Workers’ Compensation Insurance if they have at least one employee, as well as Commercial Auto Insurance on any business-owned or –operated vehicles.
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Contact SunGate Insurance Agency today learn more about the type of insurance you need. Click here to contact us or call (407) 878-7979.
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Located in Lake Mary, Florida (serving clients Nationwide and locally in Orlando, Heathrow, Longwood, Maitland, Sanford and surrounding Central Florida areas.