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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

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.

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New Insurance Case: Georgia High Court Rules that Construction Defects Satisfy Commercial General Liability Policy’s ‘Occurrence’ Requirement

Construction Dive

2013) and joined a rapidly snowballing national trend by holding that defective construction work can be covered under the standard commercial general liability (CGL) policy as an “occurrence.” The homeowners alleged that the concrete foundations of their homes were improperly constructed. 2d , 2013 WL 3481555 (Ga.

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

Levelset

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. Unique situations could arise for HVAC contractors when installing heating units in residential or commercial buildings. It may require some customization to suit your HVAC operations.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage. A plumbing contractor’s insurance policy may include one or both of these components: liability and property damage. A GL policy offers a wide range of protection.

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

Levelset

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. Completed operations coverage is bundled with a contractor’s general liability policy. Completed operations covers liability from work that is already completed (i.e., not in progress).

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3D Printing in Construction: Growth, Benefits, and Challenges

Autodesk Construction Cloud

Also in 2016 , the Dubai Future Foundation built its Office of the Future via 3D printing , a major milestone for the technology in the commercial construction sector. That’s a significantly faster timeframe than conventional construction, which can take months and years to fully construct a commercial building. Waste reduction.