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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?

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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. 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.

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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. . They can lead to accidents or injuries. When recruiting new workers, ensure they know all the risks they may encounter with their work.

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Construction in Winter: Safety Tips to Know

Safety Services Company

As temperatures drop, the risks for contractors and construction workers multiply, from cold stress-related ailments to hazardous working conditions. According to data from the EHS Daily Advisor , 25,000 slip, trip, and fall accidents occur daily in the United States during the winter months.

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Does GC Insurance Cover Subcontractors?

Levelset

Accidents happen, especially in construction. General contractors know these risks when they take the role. Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? General liability insurance. Luckily, that’s what insurance is for, right? Who is covered by an insurance policy?

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6 Dangers Of Falling Debris In Construction Sites

Construction Marketing

When you see or hear about construction accidents, they usually involve heavy equipment like cranes or scaffolding. If the construction company fails to keep the site safe, they could face liability. Construction workers can be injured by any material, especially if they fall from a great height.

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What Is an Installation Floater?

Levelset

Despite your best efforts to protect building materials, any number of things can happen during the course of construction. ” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy.