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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

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? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

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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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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. These days you can purchase insurance on your own or go through a local agent. Best construction insurance companies.

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Professional liability insurance rates for architects and engineers expected to be stable in 2017

BD+C

Insurance premiums for architects and engineers professional liability stabilized in 2015 after three straight years of moderate increases. Insurers also plan to hold the line on rates this year, according to new survey by insurance broker Ames & Gough.

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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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Florida Passes Law Allowing Design Professionals to Limit Liability by Contract

Construction Lawyer

Presumably, if the requirements are not followed or if the contract does not track the legislation, individual design professionals will be liable for economic damages resulting from their errors, in addition to the liability of the business itself. For one thing, they probably have limited means and do not offer a tempting target.

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Professional Liability Insurance Explained

Levelset

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.