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What Is Contractors Liability Insurance?
Contractors liability Insurance protects you and your team members, and your business, from unexpected financial loss. In the unfortunate case where you are held responsible for damages that occur to a third party — such as an individual, or a building property — you would be required to cover the entire cost of the injuries and damages. Having a policy will help you cover the cost of damages including potential legal defenses. For example:
Includes injury to other persons at your business or on your client’s property.
Includes damages caused to a person or business as a result of advertising.
Includes damage to the property under construction or related damages.
Includes payment of medical expenses to a person injured on the job.
Our Latest News
The world of insurance is one ridden with fraud and misrepresentation. Though there are thousands of people who work to make it better, some evil companies and people will still slip through the cracks. Why is this important to you as a business owner of a general...
A certificate of insurance is a business's evidence of insurance coverage. It's requested to prove the company has adequate liability insurance. As you may already know, a certificate of insurance is not part of the policy but rather proof of one.What this means is...
In many states around the US, the presentation of a certificate of insurance (COI) is standard practice before anyone walks onto the job site. In fact, for the bidding of jobs in some places, COI is required just to submit the bid. This can range just from the bidder,...
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Learn more about the differences between an occurrence based policy and a claims based policy when choosing General Liability insurance, and discover which type is best for your business.
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