Mindblown: a blog about philosophy.
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How does Pollution Liability Insurance work?
In addition to basic property and casualty insurance, pollution liability insurance provides protection against pollution that is not usually covered by standard policies. Construction contractors, commercial real estate businesses, financial institutions and a variety of other sectors can all benefit from this policy. A contaminated site can cause losses and/or damages, such as claims for…
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How Does Gap Insurance Work?
In case your car is totaled or stolen and you owe more than the depreciated value of the vehicle, gap insurance helps pay off your auto loan. A loan-or-lease gap policy is also known as gap insurance. In this case, the insurance coverage applies only to the original borrower or lessee of a new car.…
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What Is Railroad Protective Liability insurance – Explained
Contractors performing work on or around railroad tracks, railroad right-of-ways, or railroad property are required to have Railroad Protective Liability insurance. Contractors are also offered this coverage in addition to other types of insurance required of contractors. Due to the fact that this coverage is not included in commercial general liability (it’s excluded), it is…
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What Is OCP “Owners and Contractors Protective Liability Insurance Coverage” – Explained
Owners and Contractors’ Protective Liability Coverage – offers protection against liability for bodily injury resulting from the work of independent contractors hired by a named insured. The contractor purchases the policy to protect the client (project owner) from vicarious liability in connection with work performed on the project. As part of its oversight of the…
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A COMMERCIAL AUTO INSURANCE POLICY COVERS WHAT?
In the event of an accident, an auto insurance policy for your business could help pay for vehicle repairs or medical bills for a driver. The deductibles and limits of your policy will apply to claims covered by your policy. You should talk to your Safepro Insurance Services Business Insurance agent about coverage availability and requirements in…
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An important benefit of contractor liability insurance
Extremely Important: It is extremely important for many professionals who work in construction and development to have contractor insurance. Builders, developers, trade and artisan contractors that perform processes such as carpentry, plumbing, masonry, electrical, concrete, roofing, HVAC, as well as general contractors depend on contractors insurance. The protection provided by insurance has saved many contractors…
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CA Used Car Dealer Insurance
Insurance for California used car dealers Managing a used car lot requires a lot of dedication and hard work. This is why having a comprehensive policy for your business is so important. The coverage needs to be tailored to the risks related to the dealership’s explicit liabilities and assets. You can get top-rated insurance when…
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In the construction industry, what does an “Additional Insured” do and what is the “Additional Insured Endorsement”?
Many construction contracts require contractors to sign pages containing detailed insurance requirements, coverages, and minimum dollar amounts. Review any contract’s insurance requirements carefully before signing to ensure that your current insurance complies with the contract’s requirements, including coverage types and financial limits. Your contractor insurance specialist is a great resource for help in this regard,…
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Personal and Advertising Injury Coverage – An Overview
Many risks your business might face are covered by a commercial general liability (CGL) policy. This is often referred to as damage to a person’s person or damage to a person’s property (covering injuries you accidentally cause to a third party). It also has an entire coverage section dedicated to an aspect of business operations…
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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…
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