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Professional Liability Insurance Explained

Levelset

For example, a professional liability policy for plumbers may have different coverages and exceptions than a policy drafted for a mason, since the two trades perform different services. While insurance costs may seem burdensome to many contracting businesses, the protection from damaging lawsuits and hefty settlements is ultimately worth it.

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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

For example, an E&O policy for electricians may have different coverages and exceptions than a policy drafted for a roofer, since the two trades perform different services. With a proper insurance strategy, businesses will be able to stay cash flow positive even after incidents involving financial losses, injuries, or property damage.