Specialty contractor insurance policies offer a way to cover multiple risks without having to settle for a one-size-fits-all policy that wastes money on coverage you don’t want or need.

A good policy should include general liability, which covers you against claims of damage or injury caused on site or to visitors on your own premises. Such costs can be immense and general liability insurance is often mandatory if you want to bid for government contracts. You should also make sure that you protect your stock, machinery, and equipment against damage or loss from fire, theft, flooding, and other risks, both on-site and off-site.