What is contractors insurance?

Contractors insurance is protection for the general contractor or developer or builder and its employees or agents against lawsuits, liabilities, expenses or other costs which may develop from a claim by anyone against the building or property.  Such claims can include but is not limited to leaks, roofing or electrical failure or faults.

Prior to the builder starting construction, the contractor must option this type of insurance to protect itself and others against such liabilities.