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4 days ago · Absolutely anyone involved in construction projects, from individual builders to large contracting firms, needs general contractor insurance. It protects your business from financial losses due to accidents, injuries, or property damage, regardless of your project size. It provides peace of mind, builds trust with clients, and ensures you meet ...
May 10, 2024 · Some of the most common types of construction insurance include general liability insurance, workers’ compensation, commercial auto insurance, and builder’s risk insurance. Many insurance...
4 days ago · Understanding Business Insurance for General Contractors. As a general contractor, safeguarding your business is crucial. This guide explores the ins and outs of business insurance tailored for general contractors, covering everything from liability protection to equipment coverage.
May 11, 2024 · Typically, these coverages include general contractor liability insurance, workers comp, and vehicle insurance. However, a growing number of owners require contractors to invest in owners and contractor’s protective liability insurance.
- Contractors' liability insurance is not required by law in Massachusetts. However, many contractors are required to show proof of insurance as part...
- No. General liability insurance typically only covers employees on your payroll. You may be able to purchase add-on packages that provide coverage...
- The amount of liability coverage you need depends on the size of your business and the amount of risk you take on. By nature, the responsibilities...
- Artisan contractors are typically specialists within a certain area of construction. Often, larger construction companies hire artisan contractors...
- No, you can purchase a general liability policy without becoming a licensed trade contractor. When you apply for contractor's trade licensing and r...
May 22, 2024 · Best General Liability Insurance for Contractors in 2024. A MoneyGeek analysis has found The Hartford offers the best general liability insurance for contractors. It offers cheap rates, superior financial strength and has few customer complaints.
May 20, 2024 · The cost of general contractor insurance is not a one-size-fits-all figure. Various elements, or “factors,” contribute to the overall premium, each reflecting the unique aspects of the contractor’s business and the risks involved. Here are some of the factors insurers use to price general contractor insurance: Business size.
2 days ago · Construction insurance is a specialized type of coverage designed to mitigate risks associated with construction projects. It provides financial protection to parties involved in the construction process, including contractors, project owners, and subcontractors.
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