Levelset
SEPTEMBER 8, 2022
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.
Levelset
AUGUST 24, 2022
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.
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Construction Marketing
DECEMBER 27, 2021
General Liability Insurance. This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. General liability also protects businesses if they cause damage to a customer’s property or if any product installations go awry, like faulty plumbing that causes leaking.
Levelset
SEPTEMBER 14, 2022
“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.
Levelset
SEPTEMBER 19, 2022
For example , if your insurance policy covers your equipment, any damage that is covered will lead directly to you getting reimbursed for repairs or replacement. For example , if you damage a customer’s property while performing electrical repairs, liability insurance may cover the cost of damages to the customer’s property. .
Construction Dive
JANUARY 2, 2014
By Bruce Jervis A primary purpose of a limited liability company, much like a corporation, is to shield company owners from personal liability for business losses. When the company enters into a contract, the company’s assets are at risk.
Levelset
AUGUST 31, 2022
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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