Tag: Business Liability Insurance
-
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…
-
Loss Exposure of Contractors
Contractors are subject to some unique loss exposures. When a prospective client needs certain types of construction work done, contractors either bid for the job or negotiate a contract. Due to this, the customer specifies what should be done in the job specification. It is common for contracting businesses to have multiple locations. There are…
-
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…
-
Business Liability Insurance in a Nutshell
Business liability insurance, or general liability (CGL) in insurance terms, protects you from various types of claims arising from the operation of your business, such as bodily injury, property damage, personal injury, among others. A quote for general liability insurance typically includes: Bodily injury liability & property damage liability Personal & advertising injury liability Products…