Remove Claims Remove Compensation Remove Liability Remove Products
article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

General Liability Insurance. This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. General liability also protects businesses if they cause damage to a customer’s property or if any product installations go awry, like faulty plumbing that causes leaking.

Insurance 156
article thumbnail

Collaborative Construction Solution – Public Sector

Job Order Contracting

The Public Sector facilities management sector has long suffered from poor productivity growth and high levels economic and environmental waste. Poor performance of one participant will often excuse other participants from the need to strictly fulfil their obligations, or entitle them to claim additional money from the owner.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?

article thumbnail

Insurance for Electricians: What It Covers & Why You May Need It

Levelset

You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .

article thumbnail

Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

It’s important to understand what this insurance covers, and how to get the most out of it if you need to file a claim. Business interruption insurance can cover a wide range of potential losses when a claim forces you to temporarily close your business. What does business interruption insurance cover ?

article thumbnail

COVID 19 Commercial Building Liability

Green Building Law Update

With all 50 states now in some stage of reopening from coronavirus pandemic closures, many commercial real estate owners are questioning if they can be liable for damages when someone, whether an employee of the business tenant or someone else, claims to have contracted COVID-19 at their building.

Liability 177
article thumbnail

October 2014 newsletter

FDR Safety

The direct costs of on-the-job injuries and deaths are clear in the form of workers’ compensation claims, medical expenses, and potential legal liability.

Injury 120