Each scenario emphasizes the value of different types of insurance coverages that general contractors might need, showcasing the importance of a comprehensive insurance plan. General Contractor Insurance In California California, with its sprawling construction projects from its golden coasts to the Sierra...
the policy. The court reasoned that since the certificate of insurance was produced by an independent insurance broker, and not Erie, its terms were not a part of the policy. As such, the scope of coverage for Davis could only be found by...
Contractors Liability Insurance Policy Coverages Insurance companies are financial institutions, like banks. Accordingly, they are rated by institutions like Standard & Poor and a firm called AM Best. These firms rate Insurance companies the same way they rate banks & bonds:: A++, A+, A, A-,...
insurance policy for your contractor business, you need to look at the different carriers that are selling the policies. Selecting a new carrier might allow you to complete coverage at a lower premium amount so you can save money It is also essential to take into account the reputation and ...
Contractor insurance is a top requirement if you become a successful contractor in California. With this coverage, you will not only be your own boss but also get some peace of mind. You will run your business knowing that you are protected against claims, can protect your workers, pay for...
Types of General Contractor Businesses Depending on who you ask, you may receive different definitions of what a general contracting business is. For the purpose of this guide, there are four types of general contracting: Corporate contracting:This business is best suited to handling large scale, ...
Possibilities With Certain Types of Coverage Is contractor liability insurance required for your home or office? If you own a home, you will probably need more than just general liability insurance. You will need to have coverage for liability and the like with any contractor. The reason is tha...
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...
It’s the duty of the insurance provider to defend the insured contractor but with discretion to settle any lawsuit. In case a claim is made, it’s the responsibility of the contractor to pay the deductible. At the same time, the insurance company will provide coverage for the medical payme...
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