What type of liability insurance is typically required for contractors?

General liability insurance is a crucial type of coverage for contractors as it protects against claims of bodily injury, property damage, and personal injury that might occur during the course of business operations. This type of insurance serves to shield the contractor from legal and financial repercussions resulting from accidents or negligence associated with their work, thereby ensuring stability and security for their business.

In addition to covering claims arising from accidents on the job site, general liability insurance often covers damages that may occur from completed operations, making it a vital component in a contractor's insurance portfolio. Clients and project owners typically require contractors to carry this insurance to mitigate potential risks and ensure that there is financial backing in case of such incidents.

Professional liability insurance, while important for certain specialties, primarily covers claims related to professional errors and omissions rather than the general risks of construction work. Worker’s compensation insurance is essential for protecting employees who may be injured while on the job but does not cover public liability claims. Property liability insurance, while it might seem relevant, does not specifically address the broad range of legal liabilities faced by contractors in their operations.