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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.

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YOUR PERSONAL LIABILITY FOR WORKPLACE SAFETY

Safety Services Company

Safety must be the foundation of every activity in your organization, because not only is it the keystone of productivity and profitability, but a responsibility for which you are expressly liable. Keep in mind that many liability lawsuits have arisen from negligence occurring after training; formal initial training is not enough.

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Lawsuit over First LEED Platinum Building is Over

Green Building Law Update

I wrote an earlier bog post, Litigation over First LEED Platinum Building Comes to an End , when on July 23, 2015, parties in the lawsuit The Chesapeake Bay Foundation, Inc., In the spirit of Paul Harvey’s “The Rest of the Story” radio program, the key players in this case were: Chesapeake Bay Foundation was the owner of the project.

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New Insurance Case: Georgia High Court Rules that Construction Defects Satisfy Commercial General Liability Policy’s ‘Occurrence’ Requirement

Construction Dive

2013) and joined a rapidly snowballing national trend by holding that defective construction work can be covered under the standard commercial general liability (CGL) policy as an “occurrence.” The homeowners alleged that the concrete foundations of their homes were improperly constructed. 2d , 2013 WL 3481555 (Ga.

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Carpenter’s Insurance: Who Needs It & Why

Levelset

There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?

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Difference Between Tort and Contract | What Is Tort |  What Is Contract | What Is Contract Law | What Is Tort Law

CivilJungle

A tort , in common law jurisdiction, could be a tort (other than a breach of contract) that causes an applicant to suffer loss or hurt, leading to legal liability for the one that commits the act. A minor is often created chargeable for their torts, however, they’re restricted in liability once it involves a contract. Negligence.

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Does GC Insurance Cover Subcontractors?

Levelset

If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability, builder’s risk, and subcontractor default insurance are among the most common, and wrap insurance is growing in popularity.