Building the perfect business space sometimes means starting with an empty commercial lot and hiring a contractor who specializes in commercial real estate construction. When you work with a general contractor who can make your vision a reality, you can start the construction project with the confidence that your investment is protected from any potential losses. In most cases, construction insurance offers you protection against fire, theft and other property losses on your construction site, but what about liability concerns for injuries or accidents?
Public liability insurance is important whether you are working on a commercial property or hospitality construction. If you are hiring a third party, such as a construction contractor, this policy will protect against any injury or losses that can result from having a third party on your construction site. For example, if a contractor falls or something is damaged while your builder is working, public liability will help you to recover your losses. Before you break ground on any construction plans, you should explore the benefits of public liability coverage in addition to your construction insurance. When you are planning for your next construction project, call Parkwest General Contractors for professional support.