Commercial insurance for contractors provides financial protection against risks like property damage, injuries, and lawsuits related to their work. Key coverages include general liability insurance for third-party injuries or damages, workers’ compensation for employee injuries, and commercial property insurance for tools and equipment. Many contractors also carry professional liability insurance (E&O) for design or consultation errors and builder’s risk insurance for construction site damages. Coverages like these are essential for protecting contractors from costly legal and financial setbacks.