Another essential thing to think about is the types of accidents you could be at risk for using your contractor’s liability policy. For example, if you are using large excavating equipment, you might be at risk of a slip and fall, an automobile accident, or falling debris. Even though yo...
You can usually make an offer on a project without contractors liability insurance. Chances are that when it comes to the time the work is going to be performed that you will need to produce proof of insurance to unpack your tools and get to work. If it is not the homeowner or the bus...
Additionally, CAR policies may be designed to includelosses incurred when start up is delayedbecause of another insured loss. For example, if a structure is damaged and is covered by CAR insurance, then the losses incurred as a result of a delay in opening the property while the damage is ...
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 ...
example, if a contractor fails to properly reinforce a concrete structure and it collapses, causing injury or property damage, they may be held liable. Professional liability insurance, also known as errors and omissions insurance, can help pay for legal expenses and damages resulting from such ...
For example, you will need to specify whether you are working at height. Beyond that, every policy varies slightly and should reflect your particular needs. Typically, a demolition contractor insurance policy will make provision for: Demolition Contractors Public Liability Insurance Imagine a wall or...
If a contractor does a poor job, for example, improperly installing roof shingles, a standard policy won’t rectify such a situation because most exclude inadequate workmanship from its protections. A contractor with General Liability insurance would have to redress that by either replacing or repair...
HavingTexas contractor’s liability insuranceenables your company to be a step closer to protecting your business in case an accident happens. The necessity of having insurance doesn’t matter whether one is a commercial builder or a small builder, but it is just a key to ensuring that you ha...
Who is covered by workers' compensation insurance? This varies based on where the business operates from. For example, certain types of employees, like seasonal workers, may not be covered by workers’ compensation in some states. Contact an insurance company in your area to determine who is co...
For example, contractors can take time off whenever they feel like it, but they do so at the cost of not making money during that time. Employees, however, are usually granted paid time off. Tip Independent contractors who work from home may be able to deduct associated expenses on their ...