Contractors should have, at the very least, standard insurance policies in addition to other types of coverage specific to their scope of work. Standard insurance policies include the most critical, General Liability or Commercial General Liability (CGL), as well as Automobile Liability or Commercial Automobile Liability, Workers’ Compensation, and Umbrella Liability. Other types of policies include Cargo Insurance, Bailee Insurance, Pollution Liability, Garagekeepers Coverage, On-Hook Towing Insurance, and Professional Liability or Errors & Omissions (E&O).
