Subcontractors are independent workers hired by contractors to complete specific tasks, whereas contractors work directly with clients. Do subcontractors need to have their own insurance?Yes, subcontractors sho
You may need a Certificate of Insurance (COI) in a number of situations. Generally, a client will request a COI directly from your insurance company to confirm you have appropriate insurance coverage. If you are hiring a contractor, consider getting a COI from their insurance company, even if...
Builder's risk insurance covers the property and materials during a renovation. Learn how much builder’s risk insurance costs, what it covers, and more.
The cost of commercial general liability insurance depends on the size of the business being insured, the riskiness of its business operations, and the amount of coverage needed. Some insurers say that their clients pay between $300 and $600 for a million dollars of insurance coverage. Others ...
Enhanced due diligence involves collecting detailed information about individuals and companies in order to provide insurance. To ensure that thisbackground researchis thorough, companies need access to a number of different databases: Company databases ...
The first two are covered by general liability insurance, the third is covered byemployment practices liability coverage. Why do I need professional indemnity insurance? Any individual or business that offers professional services or advice to clients should take out professional liabili...
Radunsky, Troy S
There are also industry-specific privacy guidelines in some countries: for instance, in the United States, the Health Insurance Portability and Accountability Act (HIPAA) governs how personal healthcare data should be handled. However, many privacy advocates argue that individuals still do not have ...
What type of property management insurance should I have? Property managers need to have insurance that covers their business, their clients, their tenants and the properties they manage. While the insurance needs of property management companies are similar in some ways to other businesses – for ...
Get homeowners insurance: Even though you’re not yet living in the home, your lender will likely require a prepaid homeowners insurance policy that includes builder’s risk coverage. This way, if something happens during the construction process — the halfway-built property catches on fire or ...