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Carpenter’s Insurance: Who Needs It & Why

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Insurance is one part of a strategy to keep your carpentry business financially healthy. You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. .

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

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Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

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Does GC Insurance Cover Subcontractors?

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Accidents happen, especially in construction. Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. Luckily, that’s what insurance is for, right? Who is covered by an insurance policy? General liability insurance.

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

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Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Not all accidents that happen on jobs are large-scale and catastrophic.

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

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To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Can a Property Owner File a Claim Against the Contractor’s Insurance?

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Mistakes and accidents happen, and some of those issues can be extremely expensive. In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. But who can actually file a claim against the contractor’s insurance? Let’s take a look. State requirements.

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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?