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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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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

These cost escalations can directly correlate to higher insurance premiums, reduced risk appetite from insurance carriers, and a lack of policy extensions for project policies. However, in the face of rising costs and shifting risk landscapes, these insurance options are becoming increasingly complex to navigate.

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professionals

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What Home Builders Should Know About Liability Insurance

Pro Builder

What Home Builders Should Know About Liability Insurance. Head of Home Builder Insurance for Berkshire Hathaway Specialty Insurance Katie Beck sits down with Jenny Simon, director of marketing communications for IBACOS to break down the challenges she faces when offering and underwriting coverage for builders. cbroderick.

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Understanding Design Defect Legal Liability

Construction Business Owner

Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts. This affects the management of the project, insurance, bonds and, ultimately, profit on a project.'

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Managing Rising Construction Costs: Insurance

Pro Builder

Managing Rising Construction Costs: Insurance. Builders and remodelers carry insurance policies that cover risks for the project, and coinsurance clauses, which are in many policies, say the builder should maintain coverage up to a specific value. cbroderick. Thu, 06/17/2021 - 10:43.

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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.

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IRMI Workshop Highlights Latest Contractors Professional Liability Exposures & Insurance Options

Construction Business Owner

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

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