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

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.

Insurance 156
professionals

Sign Up for our Newsletter

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

article thumbnail

An Alarming Expansion of Architect Liability?

Construction Dive

By Bruce Jervis Design professionals have long sought to control their liability exposure. The argument has been that their potential liability is disproportionate to the compensation they receive and the role they play on a construction project. They have received a sympathetic hearing in some quarters.

article thumbnail

10 Best Insurance Companies for Construction Businesses

Levelset

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.

article thumbnail

Designer Liability to Third Parties: Beacon Distinguished

Construction Lawyer

the general contractor sued the owner (college) and the engineer for damages related to allegedly unforseen conditions on the project site that caused it to incur costs that exceeded the contract price. When the contractor encountered a rocky condition that lowered its productivity, it sought additional compensation.

article thumbnail

HRECs in a Phase l are Not Recognized Environmental Conditions

Green Building Law Update

By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. History says, ‘see you later.’”.

Liability 156
article thumbnail

An HREC is Not a REC in a Phase I Environmental Site Assessment

Green Building Law Update

By way of background, a Phase I environmental site assessment is the process of evaluating a property’s environmental conditions and assessing potential liability for contamination. History says, ‘see you later.’”.

Site 120