Running a contracting business in New York comes with significant risks, from workplace injuries to property damage and lawsuits. That’s why having the right contractors’ liability insurance is crucial to protect your business, employees, and assets. Whether you are a general contractor, subcontractor, or construction business owner, ensuring your Commercial General Liability (CGL) insurance and Umbrella Liability insurance have the proper coverage is essential.
In this guide, we’ll break down the key coverages you should have in your policies, the importance of New York contractor liability insurance, and how BGES Group—a leading expert in construction insurance—can help you secure the right protection at competitive rates.
Essential Coverages for Your Contractors’ Liability Insurance
When selecting general liability insurance for contractors, it’s important to ensure your policy includes the following coverages:
- Bodily Injury and Property Damage Liability
- Protects your business if someone is injured or their property is damaged due to your operations.
- Covers legal fees and settlements if a client or third party sues.
- Completed Operations and Products Liability
- Covers claims from past clients alleging property damage or injury due to your completed work.
- Contractual Liability
- Ensures your insurance meets contractual obligations required in construction contracts.
- Action Over Claims Coverage
- Essential for New York contractors; protects against lawsuits from injured employees who have already received workers’ compensation.
- Additional Insured Endorsements
- Extends coverage to general contractors if a claim arises from a subcontractor’s work.
- Primary and Non-Contributory Coverage
- Ensures your policy responds first in a claim involving additional insureds.
- Waiver of Subrogation
- Prevents legal disputes between contractors and subcontractors by waiving the insurer’s right to pursue a third party.
- Pollution Liability
- Covers pollution-related claims (e.g., dust, mold, hazardous materials).
- Employee Benefits Liability
- Protects against errors in administering employee benefits programs.
- Umbrella Liability Insurance
- Provides an extra layer of protection for high-cost claims that exceed CGL policy limits.
Why New York Contractors Need Strong Liability Insurance
New York’s construction industry is highly regulated, and legal claims can be costly. With New York Labor Law 240 and 241, project owners and general contractors can be held strictly liable for job site injuries, even if they were not directly responsible. That’s why ensuring your construction liability insurance includes coverage for labor law claims is essential.
Failing to carry the right insurance can result in:
- Expensive lawsuits that could bankrupt your business.
- Loss of contracts due to non-compliance with insurance requirements.
- Increased liability exposure when hiring subcontractors.
- Difficulty securing permits or licensing.
That’s why working with an expert in New York contractors’ insurance is key to ensuring your policies cover all potential risks.
BGES Group: Experts in Contractors’ Liability Insurance
When it comes to securing the best contractor liability insurance in New York, BGES Group is the go-to agency. With decades of experience specializing in construction insurance, workers’ compensation, and liability coverage, they understand the unique risks contractors face.
How BGES Group Can Help You:
- Customized Insurance Solutions – Tailored insurance plans for your specific needs.
- Competitive Pricing – Affordable rates from top-rated insurance carriers.
- Fast & Hassle-Free Quotes – Quick turnaround to keep your projects moving.
- Expert Guidance on Labor Law Coverage – Ensures coverage for Labor Law 240 and 241 claims.
- Nationwide Coverage – Specializing in New York contractor insurance, but also covering nationwide programs.
- Boutique-Level Service – Personalized, expert service unlike large agencies.
- Payroll and Workers’ Comp Solutions – Streamlining workers’ compensation insurance and payroll services.
Get the Best Contractors’ Liability Insurance Today
Don’t let gaps in your insurance put your business at risk. Whether you need a general liability policy, umbrella liability insurance, or workers’ compensation insurance, BGES Group can help you find the right coverage at competitive rates.
Contact BGES Group Today:
- Gary Wallach – Construction Insurance Expert
- Phone: 914-806-5853
- Email: bgesgroup@gmail.com
- Website: bgesgroup.com
Protect your contracting business with the best coverage available. Call BGES Group today to get a fast, competitive quote for your contractors’ liability insurance!