It is generally accepted among insurance agents that the state minimum policy limits are not enough. Most insurance professionals would agree for the average driver the best liability limits to have are 100/300/100. This means:
# 100,000 per person for bodily injury
# 300,000 per accident for bodily injury
# 100,000 per accident for property damage

Since in most areas medical treatment is in fairly the same range, the last limit, per accident for property damage, is the one you may want to take into account if you are not the average driver. If you live in an area where you feel that if there was an accident, that was your fault, and property damage may exceed 100,000, you may want to consider higher limits. Remember, property damage is the other person’s car and any other property damaged during the accident if you are at fault. In some areas one’s landscaping can cost over 100,000!

When you are self employed and are starting out as a carpenter or other service trade then getting an independent contractor liability insurance policy is always a good idea for anyone who has started their own contractor business. You never know when something can go wrong, so knowing they do have coverage for any unforeseen accident and also all of the litigation costs that go along with the claim lawsuit against a business should be reassuring and well worth the costs.

Depending on the type of claim being made against you it is possible for some work that was done this wrong is six years before it could come back to haunt you. So it is best to hold onto any records from your past clients in any of your current jobs for at least six years to be sharing case someone makes a accusation against your business that you have some type of evidence of the work done and of course the work that had been requested.