Levelset
AUGUST 24, 2022
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.
Construction Marketing
JUNE 20, 2022
Construction is one of the most hazardous industries, with injuries occurring almost every year. Who’s Liable For Falling Debris Injuries? Regardless of the type of injury in the workplace, whether due to falling debris or poor safety practices, someone is always liable. What Are The Common Types Of Falling Debris?
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CivilJungle
DECEMBER 26, 2020
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. It will embrace intentional infliction of emotional distress, negligence, money losses, injuries, invasion of privacy, and so on.
Levelset
SEPTEMBER 23, 2022
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.
Levelset
SEPTEMBER 6, 2022
In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. The AI benefits from some or all of the liability coverage extended to the policyholder. AI endorsements are often required as part of the construction contract.
Levelset
SEPTEMBER 20, 2022
Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. The policy includes two main components that help protect the financial standing of the business.
Levelset
OCTOBER 20, 2022
You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .
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