Artisans and General Contractors

How can I best protect my business?

Professional Liability Coverage is vital for proper risk management of construction design firms. In addition to proper coverage, follow these guidelines to prevent the most common claims:

Client Selection – Don’t let dollar signs rule your instincts. Clients involved in prior lawsuits or wanting to bend the rules should be avoided. Many insureds remember the warning signs or gut feelings they felt from a client after a claim is filed.
Always have a signed contract specifying at least the basic terms of your services and payment.
Be wary of clients that are late or refusing to provide payment. Many claims get filed as a means to refuse payment for your services. Sometimes writing off a bad debt and client will save you the hassle of defending a frivolous claim.
Document everything and retain your records.
Stick to the terms of your contract especially with regards to billing your client.

Iron Ridge Insurance has closed gaps in coverage and saved clients thousands of premium dollars. There are several strong carriers available with competitive rates and superior coverage for general contractors, artisans, and skilled tradespersons.

Our team understands commercial risk and insurance and is prepared to assist your business in obtaining the right coverage, with the right carrier, at the right price.

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