Remove Accidents Remove Equipment Remove Liability Remove Risk
article thumbnail

How to Prepare for Unexpected Risk Exposure

Construction Business Owner

How to Prepare for Unexpected Risk Exposure. Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 356
article thumbnail

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

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

professionals

Sign Up for our Newsletter

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

article thumbnail

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. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.

Insurance 156
article thumbnail

What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

Crane certifications are crucial for construction site operations due to their critical role and potential risks. A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. Proper certification and training are crucial for preventing these accidents.

article thumbnail

4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

Having snow removal insurance is important, considering the risks and dangers of snow removal and deicing. Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. Usually, more business means more liability risks.

Insurance 188
article thumbnail

5 Safety Precautions For Multi-Level Construction Sites

Construction Marketing

All these pose risks to the health of these workers. . It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. . Examples of equipment used in construction sites include bulldozers, lifting cranes, dump trucks, excavators, forklifts, etc. .

Safety 343
article thumbnail

What is Equipment Floater Insurance for Contractors?

Levelset

With the amount of money you invest in tools and equipment, it’s crucial to protect those assets no matter where you go. Whichever route you choose, you can get some peace of mind by exploring and purchasing coverage through an equipment floater. . What is an equipment floater? Who needs equipment floater insurance?