Cash Flow Compensation Discrimination Legal 
Levelset
SEPTEMBER 7, 2022
In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments. A variety of insurance policies—some legally required and others optional—serve as a form of risk transfer, meaning that they shift risk away from the contractor and onto insurance companies.
Levelset
SEPTEMBER 2, 2022
While E&O is not usually a legal requirement, many construction professionals take out an E&O policy to protect themselves against potentially devastating financial losses resulting from negligence. A construction contract creates a legal responsibility for the contractor to fulfill certain obligations to another party.
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