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General Liability vs. Professional Liability: What’s the Difference?

Levelset

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

professionals

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

Insurance 156
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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 354
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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.

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Why It’s Time for Contractors to Adopt Collaborative BIM

Viewpoint Construction Technology

Many contractors have been using this 3D design method for years now to improve collaboration, often with impressive results for efficiency and ROI. Despite its benefits, however, BIM adoption isn’t as widespread in construction as some might think, according to recent industry findings. What’s Holding Contractors Back?

BIM 223
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Project Protection 101: Exclusive Insights for Cost Challenges

Construction Business Owner

mhodges Mon, 12/04/2023 - 08:13 According to Joe Tejeda, Practice Leader for PCF Construction, one of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction material costs.

Insurance 156