Do independent contractors need insurance? Yes!
Like any other business, independent contractors can be sued and held liable for damages. A general liability insurance policy is very important for independent contractors for the following reasons:
- It protects you, your family and your business. General liability insurance helps cover legal fees and damages resulting from a lawsuit.
- Your clients want you to have coverage. Your clients may require you to have general liability insurance before they sign a contract with you. Without this insurance, they could be held responsible for accidents caused by you or your work.
- NC Law may require it. Certain business, such as construction, require independent contractors to carry general liability coverage, and even minimum limits. Bottom line is this…it’s best for both you and your client to obtain separate general liability insurance policies. This covers everyone!
