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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

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“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Finally, the GC’s policy won’t provide any coverage for tools, equipment or vehicles.

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10 Best Insurance Companies for Construction Businesses

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They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They provide general liability, property, subcontractor, and cyber protection. Next does not offer specialty coverage, like builders’ risk or pollution liability. Find an agent.

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Carpenter’s Insurance: Who Needs It & Why

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There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?

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A Plumbing Contractor’s Guide to Insurance Coverage

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A plumbing contractor’s insurance policy covers claims for property damage, but it may also help defend against lawsuits resulting from a work-related incident. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage.

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Business Interruption Insurance in Construction: What Contractors Need to Know

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This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. It’s important to understand what this insurance covers, and how to get the most out of it if you need to file a claim. What does business interruption insurance cover ?

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Insurance for HVAC Contractors: What It Covers and Why You Need It

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Damaged or stolen tools and equipment can erase a considerable investment, and bearing responsibility for damage to another person’s property can mean significant costs for an HVAC business. . Liability insurance will help cover expenses for damage to someone else’s property and/or legal costs if another party decides to file a lawsuit.

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Insurance for Electricians: What It Covers & Why You May Need It

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You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .