What is Carpenters’ General Liability?

Carpenters’ general liability insurance offers financial protection against typical business claims and is the go-to coverage for carpenters when issues arise at their job sites or premises.

Why do I need it?

Business Protection – Carpenters’ general liability insurance’s primary intention is to protect businesses against legal actions stemming from the following:

• Accidents Resulting in Liability
• Liability Assumed Under a Contract
• Products Manufactured by the Policyholder
• Liability Associated with Employees

Company Compliance – Before commencing operations, many state licensing departments and project owners require a valid certificate of liability insurance for carpenters.

Marketing Benefits – Presenting proof of your carpentry business’s liability insurance assures potential clients that you are accountable for your operations and products, giving your business a competitive advantage over other estimates in securing a bid.

Property Landlords – To obtain a lease, most commercial management companies necessitate that business owners provide proof of sufficient carpenter general liability coverage for their company.

What does it Cover?

Carpenters’ business liability insurance covers legal expenses and damages up to the specified limits if you are found liable for bodily injury or property damage to a third party.

It protects carpenters from unforeseen expenses relating to common incidents, such as:

Bodily Injury – Claims related to bodily injury sustained by a third party.
Property Damage – Claims related to property damage sustained by a third party.
Products-Completed Operations – Claims related to your products or services performed by your business offsite.
Personal-Advertising Injury – Claims related to violating a third party’s intellectual rights or reputation.
Medical Payments – Claims related to injuries sustained by a third party at your premises or by your operations.

What is a Certificate of Insurance?

A certificate of insurance (COI) is a formal document that confirms the existence of a general liability policy, its coverage, and limits for carpentry contractors.

What is an Additional Insured?

An additional insured (AI) is a person or organization covered on an insurance policy other than the policyholder. It is a common endorsement of a standard carpentry contractor general liability policy.

How much is it?

The premium for carpenters’ liability insurance is determined based on various factors such as the nature of work, past claims record, coverage area, and prior or ongoing policies.

Our team of professionals will work to obtain quotes from the top wholesalers in the country to secure the best coverage for your business needs and budget.

What are my Payment Options?

Multiple payment options are available for purchasing your carpentry contractors’ CGL policy.

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

Why go with Fairbanks Insurance Brokers?

With years of experience, our licensed specialists excel at tailoring general liability policies to fit the specific needs of every contractor. Look no further if you’re seeking affordable coverage that meets your requirements – we have you covered.