General liability insurance is important for businesses because it provides protection against a wide range of potential legal claims and lawsuits that can arise from business operations. This type of insurance provided by our independent insurance agency is designed to cover third-party claims for bodily injury, property damage, and other types of losses that may be caused by the business or its employees. For contractors, general liability insurance is important because it can help to mitigate financial risk and protect the business from potentially devastating lawsuits or claims. Even a small claim or lawsuit can result in significant financial losses, and without insurance coverage, the business may be forced to pay for legal fees, settlements, or damages out of pocket. In addition, business insurance can help to build trust and credibility with customers and clients by demonstrating that the business is financially responsible and has taken steps to protect its assets and reputation.

It's worth noting that general liability insurance is not required by law in Massachusetts, but many businesses choose to carry this type of insurance because of the potential risks and costs associated with lawsuits and claims. Moreover, your clients may require this insurance before you can even put in a bid on a project. The cost of general liability insurance can vary depending on factors such as the size and type of business, its location, and its history of claims and losses. Some contracts require a surety bond in addition to general liability insurance.