Skilled tradespeople face significant financial risks due to potential accidents. A single incident can trigger a large lawsuit, potentially wiping out years of work. Many small businesses operate on tight margins, making them vulnerable to costly claims.
General liability insurance can help businesses recover from accidents, but it does not prevent them from happening. Certain trades have higher injury and illness rates, increasing the likelihood of something going wrong.
Further information is available on high-risk professions and the importance of general liability insurance, including details from the Bureau of Labor Statistics.
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