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General Liability vs. Professional Liability: What’s the Difference?

Levelset

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. General liability insurance.

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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

professionals

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Court Clears Contractor Weston Solutions of Mine Spill Liability

ENR Construction

Firm was EPA contractor at defunct Gold King mine in Colorado when 3 M gal of toxic wastewater spilled into nearby rivers and states, but judge refuted New Mexico damage claim that firm had responsibility

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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. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.

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Can a Property Owner File a Claim Against the Contractor’s Insurance?

Levelset

Whether a third party gets hurt around the job site or the contractor causes property damage, someone needs to pay to make things right. In most cases, that’s what insurance is for, and the contractor will typically initiate a claim against their policy to take care of it. Contractor liability for property damage.

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#126:  The Federal False Claims Act

NH Construction Law

When commercial contractors request a progress payment or final payment, they typically must sign payment requisitions under oath, representing that the amount sought has been earned – and, inferentially, that all contractual prerequisites to payment have been satisfied. The federal False Claims Act (FCA), 31 U.S.C. §

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