Commercial Insurance

Commercial insurance is essential for protecting your business from potential liabilities due to accidents, injuries, property damage, and unforeseen events. Choose a reliable agency like Lafayette Insurance Agency for your commercial insurance needs.

What They Do

Independent contractor insurance helps protect independent contractors against liability claims and any injuries that may occur during construction or renovations. An Independent contractor is a person, business, or corporation that provides goods or services under a written contract or verbal agreement. They do not work regularly for an employer but rather when work is required or if someone asks for their service. Independent contract insurance is insurance that almost all independent contractors have.

Definition

Independent contractor insurance according to Investopedia.com is any type of insurance that provides protection for the general liability, business operations, or business property of an independent contractor. In short, independent contractor insurance helps protect independent contractors’ businesses from liability claims.

Why you need Commercial Insurance?

If you are an independent contractor, it is necessary for you to have independent contractor insurance. As an independent contractor, you can get sued and held liable for damages like any other small business owner. Below are reasons why you need independent contractor insurance:

• Independent contractor insurance protects you and your business. As a business, you can be sued for damaging a client’s property or employee related injuries. Independent contractor insurance helps cover legal fees as well as damages from a lawsuit.
• Future clients of yours are most likely require you to have independent contractor insurance to make sure they are protected if anything happens in the renovations. Without independent contractor insurance, clients could be held responsible for damages or accidents caused by your work and are less likely to hire you if you do not have independent contractor insurance.
• Similar to car insurance, most states require independent contractors to have independent contractor insurance in order to perform work or renovations on homes or businesses. It is advised for both you and your client to have separate general liability insurance policies to ensure the protection of both parties.

Lafayette Insurance Experience

At Lafayette Insurance Agency we work with you in order to figure out the best homeowners insurance policy for you and your family. Lafayette Insurance Agency has been a key provider in homeowners insurance in the Oxford area for some time now and we only recommend policies that make sense for you based on your own needs and depending on your situation. Lafayette Insurance Agency main concern is that the homeowner’s insurance includes only what is necessary and won’t try to trick you into a higher price, unlike the bigger insurance companies. We focus on everything from a tornado to a thief and will make sure you can go about your day-to-day life worry-free.