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...
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...
hire contractors, the client wants to know that a business owner or contractor has liability insurance so that they will not assume any risk if the contractor is responsible for damage...
, 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
A lawsuit could financially ruin a small business. Find out what general liability insurance is, how it works and learn about the best options for your small business.
What Is Commercial General Liability Insurance? Commercial... business for bodily injury, personal injury, and property... as contractors) and additional named insureds (such as co-owners)...
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 ...
What Is Contractors Professional Liability Insurance?... to contractors and building professionals for construction... Policies are designed to cover risks not covered by general commercial...
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You should have liability insurance at a minimum if you’re an independent contractor or... Many 1099 contractors also need general liability coverage for customer claims of physical...