As A General Contractor, Do I Really Need Business Insurance?

In short, Yes you do. 

Contractors in Florida may be required to carry various types of insurance depending on the type of work they do. For instance, if your business has a vehicle, you might need to purchase commercial auto coverage.

If you have a commercial lease in Florida, your property manager might require you to carry general liability insurance. This type of insurance can help protect your business from various expenses associated with accidents.

In Florida, general contractors are required to provide workers’ compensation insurance to their employees. This type of insurance can cover the medical expenses and lost wages of injured workers.

Depending on your clients and the type of work you do, you may also need builder’s risk insurance or surety bonds along with contractor’s tools and equipment insurance & professional liability insurance to name a few.  We will cover what each of these are in our next upcoming blog focusing on the most common types of business insurance.  

If you are looking to start your own contracting business, LicensesETC can help you form the business in the state of Florida along with helping you file your contractor’s license.  Give us a call today to learn more.