Find out everything you need to know about Insurance. Read the Contractors Liability blog for top tips and good advice.
Contractor Business Insurance increases the chances of survival of small construction businesses. Undoubtedly, the construction industry is one of the highest competition business domains. It is not surprising that most new construction companies exit the industry within the first ten … Read more
There are many inherent risks in running a construction company. As well as the risks of being in business. You have to worry about copyrights, and personal damage to a competitor. You also have to worry about personal injuries and … Read more
Two out of every five small businesses predicted to face a liability claim by 2030. Construction businesses need General Liability insurance protection now, more than ever. There are many things that can go wrong on a construction site when running … Read more
Construction company insurance is a term that applies to the various types of insurance that protect contractors in the course of your work. Not all policies offer coverage for all risks. In fact, different policies focus on specific risks. It … Read more
The most sought-after policy offered by construction insurance companies is Builder’s Risk Insurance. That is because some risks continue to plague the construction industry and increase instances of loss. According to Associated General Contractors of America, 80% of construction professionals … Read more
There are many types of Construction Insurance policies to choose from; however, one of the most popular remains one of the most misunderstood. Contractors usually shop for Builder’s Risk Insurance based on the price, not the coverage. That can lead … Read more
An insurance checklist for contractors can help you narrow down your specific insurance needs as a contractor. The best insurance coverage for contractors is essential for a number of reasons. It will help you get more jobs, protect your business … Read more
For contractors, the difference between investing in Builder’s Risk Insurance and Inland Marine coverage might not be relevant. Maybe it is better to have them both. But before you can make this decision, you need to know more about these … Read more
Replacement Cost vs Actual Cash Value Actual cash value and replacement cost are the two main loss settlement options provided by insurance companies. “What is loss settlement?” you might ask. Well, loss settlement is how your insurance company decides the … Read more
Do you need Builder’s Risk Insurance for homeowners or Homeowner’s Insurance? 90% of property owners have some form of insurance. But there are key differences between Homeowners Insurance and Builder’s Risk Insurance. In this article, let’s take a look at … Read more
The short answer is, No. If the only insurance coverage your construction business has is a contractors insurance policy, you are in danger. Your General Contractors general liability coverage is inadequate when it comes to claims relating to asbestos illness. Construction is one of … Read more
In any industry, there are risks involved, especially with construction-based industries. Roofing a dangerous profession that can lead to bodily injury. Roofing contractors face a financial risk with every new client. Unfortunately, lawsuits are a part of the roofing profession. … Read more
