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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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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.”. Finally, the GC’s policy won’t provide any coverage for tools, equipment or vehicles.

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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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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. . Examples of equipment used in construction sites include bulldozers, lifting cranes, dump trucks, excavators, forklifts, etc. . Avoid that from happening by inspecting your equipment regularly. .

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10 Best Insurance Companies for Construction Businesses

Levelset

They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They provide general liability, property, subcontractor, and cyber protection. Next does not offer specialty coverage, like builders’ risk or pollution liability. Find an agent.