Understanding a Contractor's Liability · A project manager recently asked me a question concerning a civil engineering project where he had concerns about any likely failure of a completed revetment during the 12 months defects liability period (DLP) following completion of the Works. At the same time I saw on LinkedIn an article from Pinsent Masons concerning defects, the article is available here. The Pinsent Masons article however didn’t describe the liability for defects post completion and how long a period in which the Employer could b ...
That’s why general contractors need general and professional liability insurance. Many general contractors may opt for a business owner’s policy, which bundles general liability and...
Typically, general liability policies provide: Premises liability coverage, which offers protection against the costs of injuries on your business property. Products liability coverage, which offers protection against the costs of damage to property and injury to people caused by your products or services. Personal and advertising injury liability coverage, which offers protection against the costs of injury caused by certain offenses arising out of your business, including slander, libel, wrong...
What Is Contractors Professional Liability Insurance? Contractors professional liability insurance is liability insurance that provides coverage to contractors and building professionals...
Risk Appetite Products Liability Manufacturers, importers, and distributors of commercial, industrial, and consumer goods, including but not limited to: Contractors Commercial, residential, and ind...
Diesel fuel, used by heavy equipment and trucks, that leaks and can affect soil as well as ground and surface water. ; Lead, silica dust and asbestos when released into the air, as well as hazardous fumes. ; Contaminated job site runoff, hazardous material/waste on-site storage or underground utility (sewer, natural gas) line ruptures or releases from damaged underground storage tanks.
15% of the American workforce are independent contractors. With so many workers choosing to be independent, liability insurance coverage for independent contractors is also becoming more vital to a functioning workforce. Risks and liabilities for these contractors can be costly to remedy. Liability insurance for self-employed contractors protects against the disadvantages of working independently as a self-employed professional in the IT, construction, or any other industries. Do you consider yourself as an independent contractor for constructi ...
, General liability insurance ; Definition, Insurance that protects contractors against claims that their work led to bodily injury or property damage. Most policies also cover libel, copyright infringement, and slander. ; Type, Third-party ; Coverage, Attorney fees, court costs, settlements, and judgments for covered claims made during the coverage period, typically including completed operations ; Add-ons, Some policies allow for extensions that include equipment, data breaches, and credit monitoring ; Exclusions, Does not cover employee injuries, errors and omissions, and pollution ; Cost, Varies according to risk profile, claim history, geographical region, desired coverage limits, and business revenue
Owners and contractors protective (OCP) liability coverage provides dedicated liability limits for a given project. Explore OCP policies and coverage details today.
Historically, courts typically refused to impose liability for negligence in the performance... The Lynch court observed “contractors working on a residential project surely know their...