Additional insured status is triggered by contract. Please consult an attorney for exact wording and content for your contracts. Read the General Liability Insurance Certificate You Received from the Contractor To complicate things further, review the wording on the bottom right of the certificate of ...
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, ...
Contractual liability insurance covers liability of the insured assumed in a contract. Additional Information Under the standard commercial general liability (CGL) policy, such coverage is limited to liability assumed in any of a number of specifically defined insured contracts or to liability that the...
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...
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. ...
the jobsite, and they trip over the loose power cord. If the client gets injured and needs to see a doctor, they could file a claim for bodily injury. In this case, your general liability insurance would pay for the client’s medical bills, plus your legal fees if there was a ...
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 ...
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, ...
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...