What does Completed Operations Liability Insurance provide coverage for?

Completed Operations Liability Insurance provides coverage for losses that arise out of completed projects. This type of insurance is essential for contractors because it protects them against claims that may result from accidents or injuries that occur after the construction work has been finished but is still connected to the work done. Once a project is completed, contractors may still be held liable for any damages or injuries that occur due to their work, often due to defects or issues with the materials or workmanship. This insurance ensures that contractors are safeguarded from financial losses linked to these potential claims after their projects are done. By having this coverage, contractors can operate with peace of mind, knowing they are protected even after handing over the completed project.