As far as what types of liability insurance you should get, you will find two basic types, bodily injury, property damage, and personal injury. In general, it will make more sense to get a policy that covers you for all three, but you should do some comparison shopping to see which one...
Normally, an all risk insurance policy limits coverage to the construction of a property and ends once the project is finished. A general liability insurance policy can provide coverage for damage to a property for an ongoing period of time after the project is done and the property is sold ...
Lunch, Milton F
For example, the A101-2017 Exhibit A not only provides more detail regarding thecontractor’s insurance coveragerequired for commercial general liability, automobile liability, workers’ compensation, and employers’ liability insurance, but it also allows the owner and contractor to include project-speci...
Contractor’s General Liability Insurance Post authorByDale West Post dateApril 13, 2020 construction site It is important for all contractors to carry the proper insurance coverage to ensure their business is covered in time of need. With so many unknown accidents that may happen, it is always...
Wrap insurance (also known as a “wrap-up”)provides liability coverage for an entire construction project or multiple jobs. Because it covers everyone on the job, contractors and subs may not need to provide their own general liability coverage. The policy can be written to include both genera...
contractor’s insurance, including builder’s risk insurance, commercial property insurance, worker’s compensation insurance, and general liability insurance. You can select the kind of policies that yourlicenseneeds according to your requirements and the risk-bearing capacity of your construction project...
Public liability Contractor indemnity Contractor equipment Contractors’ all-risk insurance As the name suggests, contractors' all-risk insurance offers a comprehensive level of cover. This usually protects you against numerous potential problems. It covers third-party injury or property damage claims – ...
Only One Example Wrap-up endorsements are only one of many severe endorsements that can be routinely added to contractor accounts. The quality of a contractor's general liability insurance is highly important to all parties involved. Insurance coverage forms for this segment of our economy have evo...
General liability insurance: This is the type of insurance that covers damage to someone else’s person or property. For example, if a customer trips over a bucket of paint you have sitting out, then falls and sprains his ankle while also staining his carpet, general liability coverage would...