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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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Hidden Risks: Design Error

Construction Business Owner

Construction business owners undoubtedly have restless nights over business risks associated with operations, not to mention other concerns. But what these individuals often overlook are the uninsured or underinsured risks, such as professional and vicarious liabilities.

Risk 186
professionals

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Dotted Line: How to manage the risks of delegated design

Construction Dive

Taking responsibility for even a small portion of the design can expose contractors to increased liability. Here's how to limit the risks.

Risk 95
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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.

Insurance 156
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Insurance expert: Managing green liability risk not so different from 'normal' risk mitigation

BD+C

Worries about legal liability have long dogged the sustainable building movement, but insurance expert Karen Erger (Locton Companies) and attorney Eric Singer (Ice Miller LLP) say sustainability lawsuits are caused by the same types of issues that have always prompted clients to sue AEC firms. read more. "The

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Liability Rates Hold Steady as Risks Grow More Complex

ENR Construction

Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.

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Risk Exposure

Mr Ethics

Ethics, There seems to be a growing trend in the construction industry whereby project owners are placing all risk on the design professional or contractor. Owners are assuming less and less risk exposure through contract provisions that assign risk away from them. Regards, Mr. Ethics

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