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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?

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4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. When it comes to the liabilities covered in the policy, it usually depends on the insurance provider or brokerage. Usually, more business means more liability risks.

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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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6 Dangers Of Falling Debris In Construction Sites

Construction Marketing

Construction is one of the most hazardous industries, with injuries occurring almost every year. Who’s Liable For Falling Debris Injuries? Regardless of the type of injury in the workplace, whether due to falling debris or poor safety practices, someone is always liable. What Are The Common Types Of Falling Debris?

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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.”. If your business is found to have caused an injury or accident, the other party will seek damages.

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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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Carpenter’s Insurance: Who Needs It & Why

Levelset

You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. Carpenter’s insurance is a financial instrument that helps protect your business if accidents, injuries, or illnesses occur in a work-related capacity. What is carpenter insurance?