Several factors should be considered when determining whether a Commercial General Liability (CGL) policy is a better fit for your contracting business than a Business Owner Policy (BOP). The most important question is, Does your company own or lease real estate? If you own or lease no property to operate your business, then a CGL might be best.

There are various ways to seek proof that a contractor has insurance before they start a project you have hired them to complete.

When you need something built, installed, or repaired, you hire a contractor. How do you determine if the contractor possesses the necessary skills and experience, as well as access to the correct materials, to complete the job? A contractor can advertise their specialty and state what supplies they access. In the past, an ad in a telephone book’s yellow pages was the most effective way to find a contractor. Now, in this modern age of the internet, we have websites, social media pages (like Facebook), and performance review platforms (like Yelp) to inform the public of the contractor’s offerings and historical interactions with customers. A good share of contractors are still found through word of mouth and recommendation by a family member or a friend.