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Legal & Insurance9 min read
Contractor Liability Insurance Cost: What $1M Actually Covers
Contractor liability insurance cost averages $800 to $1,200 annually for a standard $1M policy, but hidden exclusions can leave you paying out of pocket.
Licenses, permits, insurance, and legal protection.
Contractor liability insurance cost averages $800 to $1,200 annually for a standard $1M policy, but hidden exclusions can leave you paying out of pocket.
To file a mechanics lien, send a preliminary notice when starting work, issue a Notice of Intent if unpaid, and record the lien at the county within 90 days.
Unpermitted work liability means you shoulder 100% of the financial risk for a project, voiding your insurance and risking your contractor's license.
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