What are my insurance liability risks as a general contractor in Washington State?

I am not a lawyer, so it’s important to consult with legal experts for advice tailored to your specific situation. However, I can provide you with some general information on insurance liability risks that general contractors in Everett, Washington may face. Keep in mind that regulations and requirements may change and it’s crucial to stay informed about local laws and industry standards.

1. General Liability Insurance:
   • This type of insurance provides coverage for bodily injury, property damage, or personal injury claims that may arise during the course of your construction projects. It is fundamental for protecting your business against common risks.
2. Workers’ Compensation Insurance:
   • Washington State law requires most employers to provide workers’ compensation coverage for their employees through Washington Labor and Industries. This insurance can help cover medical costs and lost wages for employees who are injured on the job.
3. Builder’s Risk Insurance:
   • This insurance is designed to protect buildings and structures while under construction. It typically covers damage to the building, materials, and equipment on the construction site.
4. Professional Liability Insurance:
   • Also known as errors and omissions insurance, this coverage protects against claims of negligence, errors, or omissions in the professional services provided. This may be relevant if you provide design or consulting services in addition to construction.
5. Commercial Auto Insurance:
   • If your business owns and uses vehicles for work-related purposes, commercial auto insurance can provide coverage for accidents, injuries, and property damage involving those vehicles.
6. Umbrella/Excess Liability Insurance:
   • This type of insurance provides additional coverage beyond the limits of your primary liability policies. It can be crucial in situations where the damages exceed the limits of your standard policies.
7. Contractual Liability:
   • Pay close attention to the liability clauses in your contracts. Some contracts may require specific types or levels of insurance, and failure to meet these requirements could result in legal and financial consequences.
8. Environmental Liability:
   • Depending on the nature of your projects, you may face environmental liability risks. Environmental liability insurance can provide coverage for pollution-related claims.

It’s important to conduct a thorough risk assessment with the help of insurance professionals who can tailor coverage to your specific needs. Additionally, staying compliant with Washington State regulations and obtaining the necessary licenses and permits is crucial to managing liability risks. Always consult with legal and insurance professionals to ensure your business is adequately protected.

Contact us today at (425)212-3505 for any of your contractors insurance and bonding needs.