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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.

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Companies are Preparing for ESG Disclosure Rules

Green Building Law Update

There is legal risk associated with ESG disclosures and I have assisted companies for years in mitigating their liability while still being responsive to the trend of investor demands for these disclosures. case law underscores some of the risks that ESG disclosures may be actionable if found to be materially false or misleading.

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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

Who pays for damages caused by faulty work or materials? It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit. not in progress).

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Carpenter’s Insurance: Who Needs It & Why

Levelset

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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6 Dangers Of Falling Debris In Construction Sites

Construction Marketing

If the construction company fails to keep the site safe, they could face liability. Going through the legalities of such issues can be complex, so working with a personal injury attorney In Englewood would be a good starting point. . Construction workers can be injured by any material, especially if they fall from a great height.

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Does GC Insurance Cover Subcontractors?

Levelset

If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. However, the types of policies and their limits (the maximum amount claims can pay out) are limited. General liability insurance. Subcontractor default insurance.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

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.