General contractors (GCs) have special coverage needs. For example, it is important that they carry the proper liability insurance. Liability insurance protects GCs against claims of property damage, personal injury, or negligence. It is essential to ensure that your insurance agent provides you with a Certificate as prove that you have General Contractor Insurance. Usually, this certificate must to be posted on the job site.
In Florida, contractors are usually required to carry at least $2 million worth of liability insurance. However, the amount of insurance you need is based on the scope of your work, total payroll expenses, and other factors.
Usually a contractor cannot bid for work without showing proof of liability insurance, and the work cannot be performed without the required proof of coverage.