trusted advisor with the vision to help you ; anticipate those risks can help determine the best coverage options for your business. Travelers can help protect businesses of all sizes with a full range of customizable management and professional ; liability insurance coverages.
Running a business means juggling risks, especially when subcontractors are involved. One misstep can spell trouble for your company. So how can you prevent this from happening? · The answer lies in having the right protection in place. Subcontractor insurance shields your business from costly liabilities and unexpected setbacks. It ensures you’re covered, no matter what curveballs come your way. Ready to protect your business? Let’s begin! · When you work with subcontractors, liability ...
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.
General liability insurance covers injuries and property damage you do to others. Professional liability covers mistakes you made, such as bad advice.
What is the difference between general liability insurance and workers compensation insurance? Understanding both insurance coverages can help you better protect your business from the unexpected.
insurance (0.5% of GDP). In 2013, US businesses spent USD 84 billion on commercial liability covers, of which USD 50 billion was on general liability, including USD 12 billion for Errors...
, 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
Business risks facing design professionals continue to grow. From straightforward disagreements over quality of work to the complexity of privacy breaches arising from the increasing digital interconnectivity of our personal and commercial lives, design firms are challenged to find the right protection for their businesses. Professional Liability insurance for design professionals , which includes a wide range of professionals in the design, architecture and construction industries, can help cov...
, Cost per Month, Cost per Year, Best for ; NEXT, $1,300, $15,600, Best overall; Fastest subcontractor default insurance ; CoverWallet, $1,500, $18,000, Comparing subcontractor default insurance quotes online ; Tivly, $1,700, $20,400, Comparing subcontractor default insurance quotes over the phone
Additional insured is a type of status associated with general liability insurance that provides coverage to other individuals/groups not initially named.