Liability insurance for contractors is an essential coverage, but what does it cover?

However cautious you may be when carrying out your projects, mishaps and accidents can still occur. This is an indeterminate situation that is beyond your control. You can’t always rely on your people and equipment to perform perfectly. If you are legally obligated to cover accident and machine expenses, it will cause delays and income […]

What Is Completed Operations Insurance?

Your business’ product or completed operations away from the location of your business are covered under the Products-Completed Operations coverage. Your business can be covered if it causes property damage or bodily injury. General liability policies usually include coverage for completed products operations. Once operations are completed or abandoned, it covers liabilities arising from the […]

An explanation of workers’ compensation class codes

The workers’ compensation class codes are used by insurance companies to understand the types of work their customers do.┬áIn this way, companies can categorize work areas according to the level of risk estimated. Workers’ compensation cost can thus be precisely determined by insurance companies. Workers’ compensation insurance rates are based on NCCI’s classification system, which […]