This means on receipt of a successful claim payment will be made from the bond, instead of having to wait on payment from a contractor. This does not relieve the contractor of the responsibility for paying the debt. It still holds them accountable for the surety repayments, and they outlined...
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As a reputed contractor, know the different types of contractor insurance offered in California. Some of the insurance policies to opt for as a general contractor include: Contractor General Liability Insurance It is a unique type of contractor insurance for professionals and small business owners. F...
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General Liability Insurance When building a home, most people feel that their job is half done when they get their blueprint. But Most people don’t realize that there’re many other things that homeowners and builders should consider when building a home. Contractor forms are among them, whic...
Protecting a General Contractor from Liability Caused by a SubcontractorReidy, AndrewLamden, SethBrief
2. Contractor’s insurance cover and general liability Yourcontractor’s insurance policyis an important factor when it comes to choosing a contractor. Keep in mind that such a type of insurance coverage will protect you as a homeowner from incurring any responsibility for an injury to your contr...
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...
As a contractor, you are responsible for the safety of your workers who are working at the construction site so that they don’t meet with an accident or injures themselves during the process. Moreover, the building industry is exposed to many risks, and you will need to look for ways of...