| Contractors in New Jersey enjoy a tri-state work | | | | insurance policy that meets all legal requirements |
| environment that supplies both firms and | | | | as well as the individual needs of the contractor. |
| individuals with the markets they need to | | | | A contractor that has the equipment and training |
| succeed. Contractors sign on for projects of all | | | | to handle hazardous materials, for example, should |
| sizes, across every industry sector. Opportunities | | | | have insurance that does the same. When |
| exist for cooperation with government agencies, | | | | choosing a policy, think carefully about the work |
| as well as the always-lucrative NJ homeowner | | | | you or your company does. Some risks that you |
| market. | | | | consider part of the job may not be included in a |
| Clouding those clear New Jersey skies, however, | | | | basic policy. |
| is the ever-present threat of injury, damage or | | | | Just as standard home owner's insurance does |
| regulation enforcement ending a career. For the | | | | not include flood insurance, contractor insurance |
| individual contractor, an uninsured on the job injury | | | | may come with gaps that will require additional |
| can mean lifelong loss of income. For a company | | | | policies to fill. Look closely at the scope of work |
| employing several contractors, failure to carry the | | | | you perform, and take some time to ensure that |
| proper insurance can result in lost licenses and | | | | the policy you purchase has you covered in all |
| reduce a company's competitiveness for most | | | | contingencies. |
| large projects. | | | | By the same token, it is worth your time to |
| Today contractors face threats from aggressive | | | | make sure a policy does not include coverage you |
| litigation by NJ lawyers eager to recoup losses | | | | don't need. Read the fine print, and be sure to |
| from contractors when something goes wrong. | | | | ask your insurance agent plenty of questions. |
| Contractor insurance is your and your company's | | | | Plumbing contractor insurance is a worthwhile |
| protection against massive liability claims. A simple | | | | investment, and like any other investment, |
| mishap could result in liability to environmental | | | | research will give you better returns. |
| fines, violation of contract terms or worse-injury. | | | | Cutting unnecessary coverage is just one way to |
| Contractor insurance is a cost prudent companies | | | | lower the cost of insurance. When possible, pay |
| won't shy away from. No amount of attention to | | | | for longer periods of coverage rather than |
| safety and best practices can fully eliminate risk | | | | shorter-you'll almost always get a better rate. |
| for contractors. Any contractor's risk | | | | Compare the offers of several companies, and |
| management strategy must include a quality | | | | when in doubt, consult an expert. |