Levelset
SEPTEMBER 7, 2022
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.
Levelset
SEPTEMBER 2, 2022
While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.
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Safety Services Company
OCTOBER 16, 2023
The Importance of Prequalification and Contractor Management Prequalification refers to the process of assessing and evaluating potential contractors or subcontractors before awarding them a project. Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work.
Levelset
SEPTEMBER 6, 2022
In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. Also referred to as a named insured, all policy coverages, exclusions, and conditions generally apply to the policyholder. What does additional insured cover?
Levelset
SEPTEMBER 20, 2022
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. The contract may ask that each sub carry a liability amount of $2 million, for example. Insurance Policies HVAC contractors need.
Construction Lawyer
MAY 30, 2012
The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Sabo & Zahn LLC is an Illinois Limited Liability Company. All references to "Sabo & Zahn" refer to Sabo & Zahn LLC. Copyright Notice. Disclaimer.
Construction Specifier
DECEMBER 23, 2020
Rooftop avalanches cause property damage to the tune of hundreds of millions of dollars, personal injury, and death each year. Inadequate snow guard systems—or the lack of them—can potentially create liability issues for building owners, designers, and contractors. Liability concerns. All images courtesy S-5! by Rob Haddock.
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