Remove Compensation Remove Construction Remove Legal Remove Liability
article thumbnail

General Liability vs. Professional Liability: What’s the Difference?

Levelset

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

article thumbnail

4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

When it comes to the liabilities covered in the policy, it usually depends on the insurance provider or brokerage. But snow removal insurance is different from commercial general liability insurance. Usually, more business means more liability risks. Legal Expense Insurance. Worker’s Compensation. Years Of Service.

Insurance 188
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is general liability insurance?

article thumbnail

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

Levelset

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you. Fortunately, the difference is very straightforward.

article thumbnail

10 Best Insurance Companies for Construction Businesses

Levelset

Whether you’re just starting your business or looking to change insurance carriers, it pays to go with a company that has experience and knowledge in providing insurance for the construction industry. We’ve put together a list of the 10 best construction insurance companies. Best construction insurance companies. The Hartford.

article thumbnail

6 Dangers Of Falling Debris In Construction Sites

Construction Marketing

Construction is one of the most hazardous industries, with injuries occurring almost every year. When you see or hear about construction accidents, they usually involve heavy equipment like cranes or scaffolding. When you see or hear about construction accidents, they usually involve heavy equipment like cranes or scaffolding.

Site 156
article thumbnail

Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“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.”. Medical expenses, property damage, and legal defense costs can grow quickly.