When it comes to applying for insurance, most people find it to be intimidating. The truth is that many insurance applications make the whole process a lot easier. If you’re preparing to fill out the contractors professional liability insurance application, here is what you need to have with you.
General Information
Every application comes with a general information section. When you’re filling out your application, you need to list your basic information and address, along with the legal structure of your business. This section should be the simplest for anyone to fill out.
Business Information
Before you fill out the application, you may want to make sure that you have certain documents at the ready. For instance, you will need to discuss the following:
Personnel information
Revenue information
Operations information
Pollution information
Client information
Project information
Contract information
Subcontractor information
Business operations
Liability
Insurance information
Many of the questions are asking for figures and percentages. It’s important to be able to look back at your paperwork so that you can be accurate on the form.
When you need contractors professional liability insurance, you shouldn’t wait around for it. Even the contractor’s professional liability insurance application isn’t that difficult to fill out. Most of the pages are self-explanatory, as long as you gather the right information.
