As a contractor, you may not see much need for commercial insurance, especially if you’re starting out. However, it would be best to consider investing sooner rather than later to protect your business. Below are reasons why you should consider getting commercial insurance as a contractor.

Build Your Reputation

As a contractor, competing with others in the area is challenging. If you’re working for yourself and have insurance, you seem more reputable to customers. It makes you stand out from others who can’t say they are insured, and you’re more likely to get the job. This shows that you’ll stand by your work and take responsibility for something that is your error should it happen on customer property or while you’re traveling.

Protect Your Employees

When you have people coming to work with you, they need to be protected, and commercial insurance gives them that coverage in the event of an accident. Some of these policies, like worker’s compensation, are required. Still, you can go a step further with commercial liability and get full protection if you’re taken to court because of an employee.

Save Money

Also, if you have commercial insurance and something happens on your customer’s property, you can use it to cover these expenses. This allows you to make a claim and save money from your business, as you would otherwise be held liable out of your own pocket. With a commercial insurance policy, you could save your business and not have to choose between your business and other things in your life.

You should invest in yourself and your contracting business when you have the opportunity. If you aren’t sure what commercial insurance you need, contact Premier Insurance Agency today to speak with a team member. We proudly serve Detroit, MI, and our business owners in surrounding areas.