CUSTOMER ACCESS
What your business will need as far as general contractor insurance in Bloomington IL will depend on its goals and intentions. We at Clemens Insurance encourage you to contact us so we can give you an accurate estimate after getting to know you and your business.
We’ve spoken a lot about construction insurance and all the different types, but we figured we’d put together a page specifically discussing general contractor insurance requirements in Bloomington, IL. As we said in our page on construction insurance, there can be substantial liabilities associated with your field of work, especially in a high-risk field like construction. When providing contracting services to the government, contractor insurance is required, and it is also required by most private entities. Realistically, it may prove the difference between securing and losing a contract.
General Contractor Insurance Requirements
Businesses in Bloomington IL
If you didn’t know, 1099 contractors have the same legal obligations and liability exposures as larger firms, which means they, too, need contractor insurance. If a 1099 contractor doesn’t have liability insurance, he could put his employer at risk for any wrongdoing or accidents. In general, both parties should have general liability insurance - even if just in case.
Independent contractors may or may not need workers' compensation insurance, as those are mandated state by state. If you are in business for yourself, and you do not have employees, you most likely don’t have to purchase workers comp. Some states require it even if you don’t employ others.
We hope that having read this, you have a better grasp on general contractor insurance requirements in Bloomington IL. We also hope you feel assured that Clemens Insurance has the experience and the know-how to best satisfy your insurance needs.