Contractor’s liability: What you need when things go wrong

Even the job sites run by the most seasoned construction managers can have things go wrong. Unfortunately, sometimes they can go very wrong.

It only takes one mishap for everything to spiral out of control and for a construction project to be shut down. When work shuts down, no one is happy. Workers do not get paid, clients do not get the work they paid the contractor to do, vendors do not get paid, etc. The domino effect is frustrating for everyone involved.

If a contractor does not meet the terms and conditions of their agreement, customers have the right to sue for breach of contract. There are many ways a breach can happen. Here are just a few:

• The contractor’s work does not meet industry standards/expectations.
• The contractor misrepresents himself or his qualifications to the customer.
• The general contractor has not paid the subcontractors for duties performed.
• Someone gets hurt because of the contractor’s negligence.
• The contractor’s work has a construction defect.

Contractor lawsuits can be very complex and difficult, as well as very expensive to defend. Because of the special expertise and expert witnesses required at trial on both sides, the process can be very long and tedious. With so many ways a breach of contractual obligation may happen and the high cost of lawsuit defenses, construction contractors need a contractor’s liability insurance policy to protect their interests.

With a contractor’s liability insurance policy, any awards that arise from a lawsuit are paid by the insurance. The policy also pays for attorney’s fees, court fees, legal experts, investigation costs, and any other type of legal expenses incurred in the defense of a lawsuit.

Contractor’s liability insurance is crucial in shielding your business from potential legal and financial pitfalls. It safeguards you from liabilities arising from client and third-party injuries, property damage, completed products, and advertising injury. With our tailored coverage, you can confidently tackle projects knowing that your business is protected every step of the way. C&S Specialty Insurance provides construction contractors with a customized liability insurance package that protects them from potential lawsuits when things go wrong on the job site.

Our aim is to ensure a swift and hassle-free experience for you. Whether you’re a carrier seeking a program manager well-versed in specialized underwriting knowledge or a wholesale broker in search of an underwriting firm that provides an exceptional customer journey, you can trust C&S Specialty Underwriters to handle your needs proficiently. Visit our website to learn more about our products or to contact us.