If you run a contracting business, it's important to protect yourself, your employees, and the company itself with adequate contractors insurance coverage. If you're uncertain what that is, Cundiff & Company Insurance, a trusted seller of business, home, and car insurance in Somerset, KY, provides the details in the sections below. By purchasing this type of policy, you insulate your business against the whims of fortune and protect yourself financially against repercussions should an accident occur.

What Is Contractors Insurance?

Contractors insurance is a type of liability coverage tailored to the needs of handymen, carpenters, electricians, HVAC specialists, construction contractors, and others. It pays the costs of repair or replacement should you damage somebody's property on the job, and it pays for medical expenses if somebody should suffer an injury deemed to be the fault of you or one of your employees. It also covers the costs of defending any lawsuit that arises out of the incident, including legal fees, court costs, fines, and judgment or settlement amounts.

Why Do You Need Contractors Insurance?

Contractors often spend their time working in and around homes and commercial buildings. Because of this, a single unfortunate event can lead to thousands or even hundreds of thousands of dollars in building repairs. Moreover, the cost of medical treatment has skyrocketed over the last few decades. Even a simple broken arm can cost hundreds, even thousands of dollars to treat, while more serious injuries could require multiple surgeries and triple the expense. Lastly, the costs of defending yourself in court accumulate rapidly, and without contractors insurance to cover the cost, your financial security and the future of your business could both be at risk.

Don't put your faith in continued good luck. Cundiff & Company Insurance, the most experienced contractors insurance agency in Somerset, KY, can help you protect yourself in the event of a disastrous accident. Visit their website for business hours and directions, or call (606) 679-8379 to request an insurance quote.