Contractors in the building trades in Canby, OR face a variety of risks during their operations. The nature of the building trades often involves dangerous situations, exposing business owners to significant liability risks. Even small businesses can face lawsuits if someone sustains injuries due to their operations. At Oliver Insurance, our agents can explain how an umbrella insurance policy can help protect your business in such circumstances.
Key Reasons to Consider Umbrella Insurance
While serious injuries to site visitors and others are a primary reason to obtain umbrella insurance, there are additional benefits to consider. For instance, clients—especially those with larger projects—may require contractors to carry higher levels of liability coverage than standard insurance provides. Securing umbrella insurance can help you meet these requirements and potentially secure more profitable contracts.
Umbrella insurance provides enhanced liability protection, enabling businesses to safeguard their assets, including machinery, equipment, and other valuable property. Most contractors already have liability coverage, but umbrella insurance extends this coverage by covering claims that exceed existing policy limits. This additional coverage can help contractors handle larger claims with ease. The larger your company, the greater the risk of lawsuits, making umbrella insurance a valuable investment.
How Umbrella Insurance Benefits Contractors
For peace of mind in your operations, consider purchasing an umbrella insurance policy. This coverage protects against various lawsuits, including those claiming wrongdoing, even if the claims are unproven. Legal proceedings can be costly and potentially devastating without proper protection.
To learn more about how umbrella insurance can safeguard companies in the construction trades, contact Oliver Insurance. We proudly serve residents and businesses in Canby, OR. Contact our office today to schedule an appointment and explore your options.
