Best Contractor Insurance Policies You Should Have
Four Contractor Insurance Policies Every Construction Business Needs About 4 percent of construction workers are injured or fall ill on the job each year. That number does not include property damage claims, vehicle accidents, or third-party lawsuits that have nothing to do with employee injuries. Construction generates liability from multiple directions at once. Farmer Brown […]
What Types of Insurance Do Painters Need?
Types of Insurance Painters Need Do painters need General Liability Insurance? Yes, and it is the first policy any painting contractor should have. General liability insurance covers accidental property damage and bodily injury that happens while you are working. If a painter knocks over a can and ruins hardwood floors, or a bystander trips over […]
Builders Risk Insurance Guide: Coverage, Costs & Who Needs It
Builders Risk Insurance: Coverage, Costs, and Who Needs It Construction projects fail for reasons unrelated to workmanship. A fire guts two weeks of framing overnight. A theft clears the site of $40,000 in materials. A windstorm tears off half a roof before it was finished. General liability does not cover any of that. Builders risk […]
Types of Restaurant Insurance Coverage Every Owner Needs
You probably already know that choosing the right type of restaurant insurance is crucial for the survival of your food service business. But how do you know what types of coverage and policies are needed for your particular business? In this article, we will go through all the different types of restaurant insurance that will […]
Do I Need a Painter’s License Bond in California?
Obtaining a Painter’s License Bond in California is vital for every painting contractor planning to conduct business in the Golden State. This bond, essentially a form of insurance, is designed to protect consumers from potential financial loss resulting from a contractor’s failure to comply with licensing laws or complete a project satisfactorily. The bond provides […]
How Do I File an Insurance Claim for My Restaurant?
“How Do I File an Insurance Claim for My Restaurant?” is a question that many restaurant owners grapple with, especially when faced with unexpected incidents such as a kitchen fire, a break-in, or even a customer injury. Navigating the process of filing an insurance claim can often feel overwhelming, particularly while managing the day-to-day operations […]
How Much Does Restaurant Insurance Cost?
“How much does restaurant insurance cost?” is a question that often arises when someone is looking to open a restaurant or reassess their current insurance coverage. The cost of restaurant insurance can vary greatly depending on several factors, including the size of the restaurant, its location, the number of employees, and the specific types of […]
What is Course of Construction Insurance?
Course of Construction Insurance is also known as Builder’s Risk Insurance. This specialized insurance has the following characteristics: Let’s look at this in more detail. 1. Types of building projects Course of Construction Insurance applies to the construction of new buildings or structures. It is applicable from the ground up, starting with the preparation of […]
What Are Builder’s Risk Policy Extensions?
Builder’s Risk policy extensions can be crucial for contractors, as far as risk management is concerned. And, in an industry that is projected to hit $1.2 trillion in economic activity by 2020, even minor property damages at the workplace can result in severe financial loss. This, in turn, can cause a delay, halt your entire […]
7 Tips To Help You Choose the Right Contractor Insurance company
How do you find the best Contractor Insurance Company for your business? Almost 60% of contractor businesses don’t have insurance. And, for those that do, it’s not always sufficient coverage. While safety procedures reduce incidents, they can’t be avoided entirely. Being inadequately insured can potentially cost your business up to $70,000 in fines. 7 Tips […]
What is Professional Liability Insurance?
Professional liability insurance is designed to cover Principals that provide professional services. It protects them against claims from clients who suffer a financial loss due to errors or negligence that are caused by actions or in actions of the Principal. It‘s commonly referred to as Professional Liability Insurance or Errors & Omissions Insurance (Commonly referred to […]
Liability Insurance for Plumbers
As a plumber, it’s your responsibility to ensure that water and waste flows smoothly in an out of any building you work in. Knowing the details concerning piping and drainage is vital in your business. Fixing a leaking faucet may seem easy, but even the easiest tasks leave you exposed to various risks. Too many […]