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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.

professionals

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

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Protecting Your Investment from Vehicle-into-Building Crashes

Wolgast Corporation

They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year. The emergency response report is also useful in your insurance claim for timing and dates.

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What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Insurance companies use the number to assess the cost of injuries and future risks. Your company has filed one or more workers’ compensation claims. When this happens, your insurer raises your insurance premium to mitigate risk. you will pay about 20% more for insurance. Calculating EMR.

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7 Ways to Improve Construction Site Safety

Levelset

In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. Because this line of work has a greater chance of injury or death than others, contractors must take great care to make sure work zones are safe and workers are protected. . Work with your insurance provider.

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