Mitigating Potential Losses From Contracting Injuries
With every contracting job, there comes a certain amount of risks. When you hire a contractor, you are outsourcing a part of your business to that group, so it’s important they are trustworthy and skilled. When you are in construction, you likely have to contract some work to other businesses, whether it’s to pour cement, lay brick, or install electrics. Fortunately, there are a few ways to protect your business from liability losses.
- Check your insurance and bonds
Your liability insurance may help protect you and the contractor in the event you’re deemed at fault for an injury. Make sure that your wrap-up insurance is sufficient and that the contractors have adequate liability insurance. Your insurance agent will help to determine the right wrap-up insurance for your needs and project.
- Make safety a priority
The best way to reduce insurance liability risks is to secure your construction site. Keep these steps in mind to ensure safety at all times:
- Require appropriate safety gear at all times, such as hard hats, gloves, masks, etc.
- Know what contractors are working on at all times. You don’t need to micro-manage, but they should know to come immediately to you if they experience problems.
- If weather conditions create site hazards, temporarily stop work until the weather improves.
- Ensure contracted employees are only doing the tasks they are expert in.
- Make sure that contractors use their own tools whenever possible. If they need to borrow your tools or machinery, teach them how to operate everything correctly.
Protecting your business and contractors should be your priority. Make sure to get proper contractors insurance for quality protection and peace of mind. Contact Nahai Insurance Services to talk to our skilled experts today.