Liability insurance is important for your construction business. Liability cover protects your company from being bankrupt by lawsuits and ensures that you meet state and industry regulations. At times, it is not always easy to find a suitable insurance plan that covers your business activities. has noted 3 questions to ask yourself when needing to take out liability insurance.

What does liability cover?

Here are 2 common types of liability cover:

Liability insurance protects your business’s property and resources. It covers many of the damages that might occur on a construction site and many circumstances that small businesses may find themselves in.

Public & Product Liability cover protects your business if you are legally liable for third party personal injury and/or property damage. This insurance covers a range of business accidents, legal costs, and compensation payments.

How risky is your business?

It is important to determine the perceived risk of the work you are doing before you can regulate your level of coverage. For example, a demolition business will require elevated levels of liability coverage than a company that specialises in tile or carpet installation.

How much coverage do you need?

Once determined how much risk your business is exposed to; your insurance broker can then calculate how much liability coverage your company needs.

There is always a lot to consider when purchasing liability insurance, and these questions are a good starting point to ask yourself before choosing an appropriate policy. At East West Insurance Brokers, we understand the value of our building and construction industry and can help you cut through the noise and choose the most suitable product for your needs. Talk to an expert today to get a quote on your businesses liability cover!

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