Over the past 26 years we’ve helped over 17,500 contractors secure cost-effective and quality liability insurance.
What is Commercial Auto Insurance? Commercial auto insurance covers vehicles used for any business purposes. Different scenarios include: You’re a sole proprietor, self-employed, or own a small business that uses a vehicle in any capacity (other than commuting from home to … Read more
What is Underlying Policy? According to Statista, the average cost of B2C general liability insurance premiums written in the U.S. by 2024 is projected to reach USD 380 from USD 340 in 2019. An underlying policy is the insurance coverage against a … Read more
What Is a General Aggregate Limit? An aggregate limit, as the name suggests, is the maximum amount that the insurance provides for all the claims filed during the given policy term. Liability insurance is something that every business needs to protect themselves … Read more
What Are Workers’ Compensation Class Codes? Workers’ compensation class codes are numeric codes (usually three to four digits in length) that help identify the type of work that you are involved in. Insurance companies utilize these classification codes to estimate … Read more
General Contractor Job Description North America is ranked the second largest construction market globally with an overall industry expenditure amounting to $1,463.2 billion last year, which is approximately a 7.9% increase. When we think about the construction industry, the first … Read more
Is Hold Harmless the Same as Indemnity? The loss run report is an insurance company’s history of a business. The report acts as a risk management strategy as it helps the prospective insurer to assess a business’ eligibility when the … Read more
What is a Workers’ Compensation Settlement? The US Bureau of Labor Statistics states that 2.8 million workplace injuries and illnesses occurred in the year 2019. Workers’ compensation settlements enable employees to claim benefits during work-related injuries to pay for the lost wages, … Read more
A hold harmless agreement is a legal statement that maintains that a party is not deemed responsible for any loss, injury, or damages by another party. Upon signing a business’s hold harmless agreement before the beginning of the activity or … Read more
As you are probably aware it is time for biennial license renewal. All Illinois roofing licenses expire 12/31/2021. (It would be in your best interest to keep reading this so as to benefit from my years of experience thereby saving … Read more
An alarming number of small businesses in the US are underinsured. Is yours one of them? In this article, we look at what product completed operations coverage is, exactly what it covers (and what it does not cover), who needs … Read more
Accidents happen in every industry, but the risk of a mishap is elevated in the construction industry. Historically, 1 in 5 US worker fatalities occurred in the construction industry, and the injury rate was 71 percent higher than the average of all other industries. Cumulatively, … Read more
Urderstanding the terminology The legal jargon surrounding insurance policies and associated contracts can be confusing for many, making it difficult for the average consumer to know exactly what they’re purchasing. In order to make an informed decision and choose the … Read more
