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...
Contractor General Liability Insurance It is a unique type of contractor insurance for professionals and small business owners. For a reputed contractor, you can pick a particular type of contractor cover. General contractor liability insurance will protect you against bodily injury, product liability, ...
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...
That’s why having general liability insurance is so important. Fortunately, an independent insurance agent can help you find the right type of business liability insurance to protect your business against lawsuits and legal troubles. But first, let's take a deep dive into business liability ...
Who Is Insured Under Commercial General Liability Insurance? The insured cover a named insured (such as an individual or business) that is specified in the insurance contract. The named insured is normally the policyholder. The policyowner can also name additional insureds (such as contractors) an...
Many clients find it crucial for contractors to have general liability insurance before signing a contract with them. Without insurance, the clients could be held liable for any wrongdoing or accidents that may be caused by your business operations. ...
Common types of insurance specified in contracts include general liability insurance, professional indemnity insurance, property insurance, and employer's liability insurance. The contract may also detail requirements for additional insured parties and endorsements to the insurance policies. Additionally, ...
An exception to a general liability policy’s contractual liability exclusion would also include a liability assumed under an insured contract. A contractual liability insurance policy fills the gap created by thecommercial general liabilityinsurance policy’s exclusion....
If you fail to adhere to the terms of the contract, the owner can file a claim, shielding them from any financial loss. If you hold a general liability policy, it protects your business financially from third-party lawsuits. Imagine that a client is walking through the jobsite, and they ...
Understanding general liability insurance coverage is important for small businesses. Learn how a GL policy can protect your business from lawsuits for bodily injury, property damage and more.