General Liability
General Liability (GL) insurance definition for contractors. Learn how this protects against third-party bodily injury and property damage.
Calculation Formula
Limit = Typical Policy provides $1M / $2M Aggregate Real Contractor Example
A contractor accidentally hits a water line, flooding the neighbor's basement. GL insurance pays for the $15,000 in water damage repairs.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.