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

Levelset

When it comes to protecting your contracting business from claims and lawsuits, it can be tough to know what type of insurance you should purchase. Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. General liability insurance.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

professionals

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

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

Levelset

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. 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. What is completed operations insurance? not in progress).

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Which Insurance Carrier Is Responsible for Damages on a Construction Project? Depends.

Best Practices Construction Law

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

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Last, but NOT Least: Why You Should Take a Closer Look at Your Next Indemnification Clause

Construction and Infrastructure Law

A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Any party who could face potential liability should be included as an indemnified party. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability.

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Last, but NOT Least: Why You Should Take a Closer Look at Your Next Indemnification Clause

Construction and Infrastructure Law

A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Any party who could face potential liability should be included as an indemnified party. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability.