General Liability Insurance for contractors provides financial protection against third-party claims related to bodily injury, property damage, and legal expenses. If a contractor accidentally damages a client’s property or someone gets injured on a job site, this insurance covers medical bills, legal fees, and settlement costs. It helps contractors meet licensing requirements and provides credibility to clients. Premiums depend on business size, industry risk, and coverage limits. This policy is a crucial safeguard, preventing costly lawsuits from threatening business operations. Contractors should choose a policy that aligns with their industry risks to ensure comprehensive protection against unforeseen incidents.