This policy will pay for medical bills, rehabilitation, and wage losses to any of your employees that are injured on the job. If an employee is fatally injured on the job site, workers’ compensation will pay benefits to the employee’s family. If your injured employee sues you for negligen...
Here are just a few of the key benefits of carrying construction insurance: Protects your construction project, workers, and business from financial losses resulting from accidents, injuries, or other unforeseen events Ensures compliance with local regulations and laws ...
6. Workers' compensation insurance Workers' compensation insuranceprotects contractors against losses caused bywork-related accidents or illnesses. It also provides the employee with benefits to compensate for lost work and wages. In most states, workers' compensation coverage is requiredfor businesses wit...
The policyholder is subject to the credit risk of the insurance company. If the policyholder discontinues and/or surrenders the policy in the early policy years, the amount of the benefits policyholder will get back may be considerably less than the amount of the premiums paid. The projected ...
Travel the world with 15 comprehensive coverage benefits for your peace of mind Give your travel plans extra assurance by China Construction Bank Macau Branch’s Travel Insurance Plan. From lost luggage to unexpected accidents, we can help you get your journey back on the road. Our different pla...
experts partners with you to create a risk management program that closes gaps and supports the continuous running of your business. Gallagher's insurance and risk management team is able to secure multiple lines of insurance that create comprehensive coverage cover all aspects of your business ...
Three-party agreement: the principal, surety and obligeeTwo-party agreement: the insured and the insurance company Coverage is specific to each projectCoverage is term specific and renewable Coverage is 100% of the contract price for performance and paymentCoverage up to policy limits ...
Be Sure to Have Proper Coverage It’s not enough to ask contractors if they have insurance. It is essential to use the pre-qualification service which proves that the contractor’s reach is authentic and provides sufficient benefits and remains in effect. Contractor inspection services can determin...
“The insurance is truly excess of the SIR,” says Joshua Rogove. “So, until that self-insured retention is exhausted, the insurance won't step in.” 4 keybenefits of OCIP/CCIPinsurance 1.Reduced costs Whether the policy is controlled by a contractor or owner, an OCIP or CCIP policy re...
Understanding potential insurance benefits related to building code upgrades is crucial. 10 Steps to Maximize Insurance Recovery To improve the likelihood of a full recovery, property owners should take the following steps: Review Your Policy Coverage –Understand what your homeowner or commercial ...