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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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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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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
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What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. Promoting safety in construction sites involves ensuring operators understand standard procedures, equipment inspections, load calculations, and hazard identification.

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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.

Insurance 188
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5 Safety Precautions For Multi-Level Construction Sites

Construction Marketing

It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. . Machines form an integral part of the construction industry. Examples of equipment used in construction sites include bulldozers, lifting cranes, dump trucks, excavators, forklifts, etc. .

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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. They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella.