John Brown 
Handyman businesses often find themselves wondering why they would need a general liability insurance policy. Most handyman businesses consist of either one or a handful of workers. Sometimes the thought of revising the budget to account for insurance costs seems unjustifiable, if there hasn’t been a liability issue … Read more
If you are thinking about becoming a business owner of a brand new handyman business, you might have a lot of questions. Questions like: What’s the first step? What kind of insurance policy to I need? What are the laws … Read more
Electricians have to think about how they can work best with clients and what future jobs to apply to on a daily basis. But they also need to think about the risks of the trade alongside these constant concerns. The … Read more
There are three main types of insurance for the owner of any residential property. Homeowner’s Insurance The most familiar and common is general Homeowner’s Insurance. This is the largest segment of the property industry, as the dwelling of each homeowner … Read more
Ten Things to Weld and SELL What do you do for those times when you’re all rested up with no new job to work? SELL SOMETHING! Do it yourself (DIY) art pieces or handy gadgets are in – so why … Read more
You are really good at your trade and you are a professional at drywall installation, but there are many things that can go wrong on a workplace that are beyond your control. People fall from ladders, Drywall can fall on … Read more
What is a Workers’ Compensation policy? For a better understanding of a ghost policy, let us first understand what a workers’ compensation insurance policy is. Workers’ compensation is a type of insurance policy that provides wage replacement and medical benefits … Read more
Does your business have potential automobile loss exposure? In either case, the employer can potentially be held responsible for liability associated with operating a vehicle that has any reference to company business. The employee may carry their own coverage, but in most … Read more
What is Professional Negligence? The term Professional Negligence is used very often, but not all of us know what it exactly means. Your construction company provides work and services in exchange for payment. The law says that your work as … Read more
Contractors Liability: What is a risk retention group? The Liability Risk Retention Act (LRRA) is a federal law that was passed by Congress in 1986 to help U.S. businesses, professionals, and municipalities obtain contractors liability insurance, which had become either … Read more
An owner controlled insurance program is a centralized insurance program usually procured for either specific construction projects or multiple construction contracts. The reason why general contractors and builders need to get this OCIP is because it will be able to cover all the project interests of the contractors and sub-contractors that will participate in the project. The general contractor will be able to maintain risk control and take up the management and administration of the insurance policy. The owner controlled insurance program is different from a contractor-arranged insurance program because under the latter, each individual contractor has to get his own insurance policy on different terms and conditions, limits and insurance coverage.
Blanket insurance is a type of insurance that will protect one from accidents, liabilities occurred during a contract and many other things in regards to general contractoring. There are some cases where something may go wrong during the course of a contract and warrant a lawsuit, bringing a contractor down in his business. However, if he has contractors liability insurance, the reverse would be the case. That is why it is very advisable for contractors to adopt this system because mere thinking of how to get a good lawyer to defend you in such cases would be time wasting and expensive and in the long run it might put you off your business.
