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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 357
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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.

Insurance 156
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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.

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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 186
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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.

Safety 339
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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?