Agreement Injury Liability Risk 
Levelset
SEPTEMBER 23, 2022
General contractors know these risks when they take the role. At their core, insurance policies are agreements between two parties: the insurer and the policyholder. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage.
Levelset
OCTOBER 13, 2022
If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. 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. Why a certificate of insurance matters. When do I need to provide a COI?
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Levelset
OCTOBER 20, 2022
You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. Below is a list of coverages that can be obtained through a separate policy or amendment to an existing agreement. . General liability may help pay for the cost of repair. . Protecting your property.
Levelset
SEPTEMBER 6, 2022
In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. An additional insured agreement allows a policyholder to extend their business insurance coverage to a specific third party. What is an additional insured?
Levelset
AUGUST 26, 2022
At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . Just as you look at exposures from your past work, you must also plan for future risk.
Construction Lawyer
MAY 30, 2012
The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Sverdrup no longer exists.
Levelset
SEPTEMBER 16, 2022
A GC’s policy would extend general liability coverage to your subcontractor business. This protection kicks in if someone gets hurt or someone else’s property is damaged on a job, and you’re found to have some responsibility for that injury or accident. . Levelset can also help manage risk on the payment side.
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