What is the minimum amount of general liability insurance required for a Georgia residential contractor?

The minimum amount of general liability insurance required for a Georgia residential contractor is indeed $300,000. This requirement helps ensure that contractors have adequate coverage to protect themselves, their employees, and clients from financial losses arising from accidents, injuries, or property damage that may occur during the construction process.

Having a liability policy of this amount encourages a standard level of professionalism and financial responsibility within the construction industry. Additionally, it acts as a layer of protection not only for the contractor but also for the homeowners and other parties involved in a construction project. This level of insurance is often mandated by state laws and regulations to safeguard the interests of all parties and to ensure that contractors can manage claims that might arise from their work.