Levelset

SEPTEMBER 14, 2022

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. If your business is found to have caused an injury or accident, the other party will seek damages.

Insurance 98

Insurance Liability Claims Injury 98

Levelset

SEPTEMBER 2, 2022

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.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

SEPTEMBER 7, 2022

Unlike general liability insurance — which protects contractors when their work leads to bodily injury or property damage — professional liability offers coverage in situations when their work causes another party to lose money. Professional liability insurance protects against claims related to professional negligence.

Liability 52

Liability Insurance Injury Contract 52