General liability insurance is essential for contractors, providing crucial protection against various risks that can occur on the job. Here's a quick summary of what it includes:
- Bodily Injury: Covers medical expenses and legal fees if a third party is injured on your job site.
- Property Damage: Covers damages to someone else's property caused by your work.
- Personal and Advertising Injury: Protects against claims of slander, libel, or false advertising.
- Defense Costs: Covers legal expenses associated with a lawsuit, even if the claims are groundless.
Why Contractors in Hobbs, Lovington, and Carlsbad Need Coverage
Operating in bustling areas like Hobbs, Lovington, and Carlsbad means you’re often working in dynamic environments where accidents can happen. Whether you're engaged in new constructions or renovations, general liability insurance can safeguard your business from financial strain.
Typical Coverage Limits
Contractors generally opt for limits like $1 million per occurrence and $2 million aggregate. These amounts provide a solid buffer against the financial impact of claims. For added protection, especially for larger projects or contracts requiring higher limits, consider adding umbrella coverage.
Partnering with Anchondo’s Insurance
At Anchondo’s Insurance in Hobbs, NM, we specialize in providing commercial insurance
solutions. Our team understands the local construction landscape and is here to offer personalized quotes that fit your specific needs. Protect your projects today by choosing a partner who prioritizes your peace of mind.
For more detailed information and to explore our coverage options, visit General Liability Insurance and Commercial Insurance on our website.