General Liability Insurance protects your metal fabrication shop from third-party claims, such as customer injuries or property damage. If an accident occurs, this coverage helps with medical bills, legal costs, and property repairs, safeguarding your business from costly lawsuits.

A Business Owner’s Policy combines essential coverage like General Liability Insurance and Property Insurance. For metal fabrication shops, a BOP is an efficient way to protect your physical property and manage liability risks in one comprehensive package.

The cost depends on several factors including:

• Type of business and job risk classification

• Total payroll

• Number of employees

• Claim history

• Safety procedures and training

High-risk industries like construction or manufacturing often pay more, while small office-based businesses typically pay less.

Independent contractors are not required to carry insurance unless the hiring company classifies them as employees under Idaho law. However, contractors who want to protect themselves financially may voluntarily purchase coverage.