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 project. It details the coverage limits and who should provide this insurance. Workers' compensation insurance: Requires ...
in addition to the applicable limit of liability: (a) all expenses incurred by the Company, all costs taxed against the Insured in any suit defended by the Company and all interest on the entire amount of any judgment therein which accrues after entry of the judgment and before the Company...
There are other factors that affect how much you’ll pay for general liability insurance, including the coverage limits of your policy. The higher your maximum limit, the more you’ll pay. The size of your deductible will also affect the amount you pay on insurance premiums. If you have a...
Knowles, William
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 ...
S LIABILITY INSURANCE (Applicable to contracts with a value of $50,000 or less 22 11.2 COMMERCIAL GENERAL LIABILITY POLICY 23 11.3 CERTIFICATES OF INSURANCE 23 11.4 SUBCONTRACTOR INSURANCE 23 11.5 BUILDERS RISK INSURANCE 23 11.6 MISCELLANEOUS PROVISIONS 23 ARTICLE 12 CHANGES IN THE WORK/SUBSTITUTIONS...
Affordable General Liability Coverage for contractors. Get a free quote and see how much you can save! - Contractor's General Liability Coverage
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...
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...
General liability insurance is essential for the construction workers and contractors because it offers protection from all kind of risks that exists in the construction industry. Moreover, even when any accidents take place at the construction site, the insurance will keep the assets and investments...