Tag: Additional Insured
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When Do You Need A Contractor General Liability?
A contractor general liability is useful for different construction businesses. But have you ever wondered when you should get this liability? This article explains it all. Contractors in various specialties, such as masonry, carpentry, fencing, concrete, landscaping, flooring, HVAC, and electrical, are exposed to numerous general liability issues when they’re working on-site. If employees and…
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Everything You Need to Know About Insurance Filing As A Motor Carrier
Have you wanted to file your insurance as a motor carrier, as a freight forwarder, or a broker but couldn’t understand how? Then this article is what you need. Apart from applying operating authority, applicants for freight forwarder, motor carrier, and broker authorities must have specific legal processes and insurance agent documents on their files…
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What is A Performance Bond?
This article explains in detail about what is a performance bond and what are the roles of all three major parties in it. A construction job of any kind requires a performance bond. In essence, they provide an assurance that the contractor carrying out the work will honour their contractual duties to the project’s owner…
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Sunset Clause aka Sunset Provision
A sunset clause on a liability policy is an endorsement that limits the coverage provided by the policy to a specific period of time, and can limit the reporting period of a claim. This means that if a policyholder is insured under a policy with a sunset clause and a claim is made for a…
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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,…