article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

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. Professional Liability Insurance. Professional Liability Insurance.

Insurance 156
article thumbnail

Carpenter’s Insurance: Who Needs It & Why

Levelset

You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. Carpenter’s insurance is a financial instrument that helps protect your business if accidents, injuries, or illnesses occur in a work-related capacity. What is carpenter 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

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

Levelset

Mistakes and accidents happen, and some of those issues can be extremely expensive. Contractor liability for property damage. General liability insurance helps limit the financial impact of those risks. In most cases, general liability insurance is a requirement for contractors seeking licensing within a state or city.

article thumbnail

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

Levelset

Some parties — like owners and GCs — will want some assurances that any not-at-fault, job-related accidents or injuries will not cause them financial harm. Aside from owners and GCs, a government entity may want to see proof of liability insurance. What information is included in a COI? When do I need to provide a COI?

article thumbnail

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

Levelset

Not all accidents that happen on jobs are large-scale and catastrophic. 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.

article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Whether you are at fault or not in an accident, attorneys’ fees can take a big chunk out of your revenue. Liability for damage. What is plumber’s insurance? A GL policy offers a wide range of protection.

article thumbnail

OSHA Testing Can Reduce Employer Liability, Saves Companies Money

Construction Law Monitor

He is a specialist New York accident lawyer and the proprietor of the Ginarte Law firm. While it’s not possible to prevent every accident, the need to promote safety in the workplace is obvious. While it’s not possible to prevent every accident, the need to promote safety in the workplace is obvious. Reduced Employer Liability.

OSHA 59