What type of insurance is essential for a construction project to cover accidents?

General Liability Insurance is essential for a construction project as it provides coverage for accidents that may occur on-site, protecting against claims of bodily injury and property damage. Construction projects inherently carry a risk of accidents due to the nature of the work, which can include falls, equipment malfunction, or other unforeseen incidents. This type of insurance helps cover the costs associated with legal fees, medical expenses for injured parties, and compensation for damages, thereby safeguarding the contractor and business from significant financial losses resulting from such incidents.

Health Insurance, while important for employees, does not directly address the liability associated with accidents that occur during construction activities. Automobile Insurance pertains specifically to vehicles and would not cover injuries or damages that occur on a construction site itself. Life Insurance offers financial security to beneficiaries in the event of an untimely death, but it does not provide protection for injuries or accidents occurring during construction work.