What type of insurance is generally required for contractors in Georgia?

In Georgia, general liability insurance is typically required for contractors to protect against claims of bodily injury, property damage, and personal injury that may occur during the course of their work. This type of insurance offers financial coverage for legal fees, medical expenses, and other potential costs associated with lawsuits brought by clients or third parties.

Having general liability insurance is crucial not only for legal compliance but also for building trust with clients, as it demonstrates a commitment to responsible business practices. Additionally, this coverage can help contractors avoid significant financial losses that could arise from unforeseen accidents or claims.

While worker's compensation insurance is mandatory for businesses with employees and provides coverage for work-related injuries, general liability insurance encompasses a much broader range of risks that contractors typically face on job sites. Professional liability insurance, on the other hand, is aimed at protecting professionals against claims of negligence related to their services, which may not apply universally across all contractor roles. Health insurance is essential for employee well-being but is not a requirement for business operations in the same way as general liability insurance.