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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 356
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COVID 19 Commercial Building Liability

Green Building Law Update

With all 50 states now in some stage of reopening from coronavirus pandemic closures, many commercial real estate owners are questioning if they can be liable for damages when someone, whether an employee of the business tenant or someone else, claims to have contracted COVID-19 at their building.

Liability 177
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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Fortunately, crane and rigging insurance provide protection and compensation. However, standard commercial general liability insurance policies do not cover properties of third parties that were under your control or custody. You should include a riggers liability cover into your commercial general liability policy to be safe.

Insurance 168
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Commercial Construction Trends: The Highs and Lows of 2016

HardHatChat

With December here, it’s time for our annual post reviewing some of the positives – as well as a few of the challenges – that shaped the commercial construction business in the past year. Here’s a look at our top 2016 commercial construction “highs” and “lows”: Low: Mall Retail Tenants Choose Local over National.

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Workers’ Compensation Insurance. The construction industry is a dangerous one, and it’s not only because of the injuries that could happen on-site but also the subsequent financial implications resulting from medical expenses and compensation. Commercial Auto Insurance.

Insurance 156
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First-Party vs. Third-Party Insurance: What’s the Difference?

Levelset

First-party insurance provides compensation directly to the insured individual or business, whereas third-party insurance provides reimbursement to another party when the insured person or business is liable for damages. First-party insurance provides compensation directly to the insured individual or business.

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4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

But snow removal insurance is different from commercial general liability insurance. And in case of physical harm to your workers or damage to your customers’ property, your snow removal insurance can compensate for the needed expenses. . Worker’s Compensation. Why Is Snow Removal Insurance Important? Conclusion.

Insurance 189