Construction litigation often prompts an inquiry into the scope of insurance coverage. A defending contractor may look to its comprehensive general liability (CGL) policy for coverage of claims involving personal injury, property damage, breach of warranty, faultyMack, Nina Reid...
Concrete Construction: Class code 91560 (Contracting or Servicing industry group) Businesses are normally classified by their insurance agent or insurer when they apply for general liability insurance. The insurer may subsequently modify the classifications if it determines the business has changed or was...
Commercial general liability insurance provides the insured with coverage for common liabilities. It covers your legal fees in the case of lawsuits and pays out damages on your behalf if you’re found liable, up to the maximum limit set by your business insurance policy. Almost all businesses in...
Wedding planners have liability for a number of possible factors which may derail a wedding. One of the biggest sources of liability planners will face is the failure to plan for issues that can and will go wrong. Everyone even planners, make mistakes. Planners can’t control Mother Nature ei...
For example, the general conditions may lay out requirements for any of the following types of insurance or bonds: General liability insurance: Specifies the need for general liability insurance, which covers incidents like property damage and personal injury that could occur during the construction pr...
Affordable General Liability Coverage for contractors. Get a free quote and see how much you can save! - Contractor's General Liability Coverage
MOST CONSTRUCTION CONTRACTS REQUIRE THE GENERALcontractor to purchase commercial general liability (CGL) coverage to assure that the contractor has a means to pay for liability arising out of its construction operations. Owners and subcontractors, however, may be liable for their own negli...
Bonds:Surety bonds may be required for your construction activities. If for some reason your company can’t fulfill a project, these bonds serve as protection. Insurance:Business insurance choices can include general liability insurance, workers’ compensation, and vehicular insurance policies to cover...
If a construction company doesn't finish a project on time or as promised, customers are likely to sue them for it. Healthcare: The lawsuits that plague the healthcare industry are more on the professional liability end. Claims of misdiagnosis, malpractice, incorrect prescriptions, and much ...
The first step in determining how much general liability insurance you need is to assess the potential risks associated with your business. For example, if you operate a construction company, you will likely need more coverage than a small retail shop because construction projects come with a high...