Be it a new construction, renovation, remodeling, or a home improvement project, the successful completion of any construction project is always a priority for property owners. For this reason, future clients always seek to obtain General Contractors that are ethical, experienced, competent, and above all, reliable. As a General Contractor (GC here refers to builders, painters, electricians, plumbers, repair technicians, roofing specialists, etc.), some of the factors that play a key role in determining if you are going to be hired by a Future client include:
Presence in the network (Websites and Social Media)
When looking for a contractor online, people usually look for the name of a company next to words like “scam”, “complaints”, etc. In addition, having a good reputation online convinces many people to hire you to run your project. By visiting our website https://www.southwestmetalroofing.com.au, customers can also get an idea of how long you have had your business. Also, your customers’ comments will play an important role in determining whether or not a client hires them.
References and Work Portfolio
Not only do customers find out by asking friends, acquaintances and other friends about experiences (good or bad) that they have had with you or your company, some will even ask for a list of at least 3 people who have finished similar jobs recently. They could eventually call those customers to find out what kind of service you or your company provided. This will influence the level of competence and reliability with your future clients.
Another key consideration is if you are a registered general contractor, and if it is; Your license number By doing so, customers try to protect themselves and make sure they will receive some form of compensation in the event that something goes wrong with the job. In these circumstances, the client may resort to file a complaint with the relevant organization or respective office.
Liability Insurance for General Contractors
The educated clientele understands the importance of hiring an insured contractor to carry out their project. A General Liability Insurance determines the level of your integrity and honesty as a contractor. As a precaution, some clients will ask to see a copy of their insurance certificate to help them decide if your insurance policy is active and the extension of its limits in case of unforeseen circumstances. The best informed customers are aware that there are different types of insurance for a general contractor:
General Liability Insurance: This type of insurance covers direct bodily injury, advertising damage and liability of an independent contractor. It protects you and the work of most third-party claims.
Workers Compensation Insurance: This type of insurance protects clients from liability for accidents or injuries incurred by workers while they work on the project site. In the event of an accident occurring, this insurance covers the loss of salary and medical expenses of the affected worker.
Property Insurance: Home insurance does not cover damages caused by the general contractor while working on the project site, so it is important that your insurance cover these damages if and when they occur.
They will want to make sure you have this and other types of insurance and having these insurances will help you convince these potential clients to hire you.
Getting the Insurance You Need
Consequently, it is obvious that the importance of having comprehensive insurance that protects you as a general contractor cannot be further emphasized. To begin, working on a construction site is a complex thing, a task full of possible accidents since it exposes the worker on the site to dangerous conditions, the malfunction of machinery, electrical accidents, etc. Losses caused by such accidents can often be immense, for the contractor, for the workers and proprietary clients. As a small business owner, independent contractor, construction worker, plumber, electrician, repairman, roofing specialist, etc. You need to determine the exact nature of the type of coverage you need. Having the appropriate Contractor Liability insurance can protect you from lawsuits,
Let’s take a closer look at the ways in which good insurance protects you from risks associated with the different types of construction work, especially in this highly litigious world today. If you do not have general liability insurance and any form of bodily harm, injury or property damage is caused by a third party, the courts may decide that all business assets be used to offset those costs.
General Liability Insurance, the coverage will help you protect your construction business by ensuring that if the courts decide not to be in your favor, there will be money to cover court costs and agreements up to the limit and coverage of the insurance policy.
Liability Insurance will provide a sense of security for both your construction business as a contractor and your employees. With insurance coverage you and your employees can continue your daily work trusting in the knowledge that you are surely protected from unpredictable situations that are associated with the dangerous nature of your work environment.
General Liability Insurance should provide coverage for you against the following types of claims: Bodily Injury, Finished Work, Property Damage, Personal Injury, Advertising Damage and Medical Expenses. In this way, your general contractor business will be appropriately covered for financial losses caused by such claims.
As a general contractor, you should be well informed about which insurance coverage is the most appropriate for a nature building business and approach like yours. It is very important that you do not leave your business vulnerable to financial losses that arise from lawsuits and litigation.