coverages for general contractors1507 .pdf
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coverages for general contractors
Contractors are protected by contractors insurance from liability in specific areas including sudden
Continue Reading damages that can happen at a work site. Many things could occur, when
working in someone's home. For example, a water pipe could be ruptured inadvertently or a fire
could break out and cause damage. Whether this injury occurred at among your work sites, can
you understand if your insurance would cover the unfortunate scenarios?
The fact is, just about any damage caused among his employees or by a contractor can be
covered by insurance. Even instances not caused contractors' workers or by they can be covered.
The price to fix or replace property that is damaged, as well as insure any injury to a third party
brought on by a contractor on a work site will be essentially covered by a contractors general
liability insurance policy. The insurance may also cover medical expenses of the injured party as
well as fees and damages.
Of course, there are many you must know the difference between them and different types of
policies available. General liability insurance for example, should not be confused with workers
compensation insurance. General liability insurance covers property damage and injuries . It's
required legally in every state in the U.S. It does not cover workers.
Many states also now require employers to carry worker's compensation insurance along with
general liability insurance. This pays for workers injuries and illnesses that occur while employed
by you the contractor. If you hire sub contractors and they don't have this coverage, your policy
should be composed to cover it.
Just like all insurance policies, there are exclusions that the contractors insurance may not cover.
It is important that you just ask about exceptions so you know what isn't covered before
purchasing any insurance policy. Also ask about limits for your policy so you know the maximum
your insurance company will pay out on any one claim.
The important thing to bear in mind is that all contractors insurance policies usually are not the
same. Each insurer has his own guidelines to follow. Different polices can be offered to satisfy a
contractors specific Remodeling contractor Chula Vista needs. Now that you know a little more
about what is not and what is covered, get your business and contact an insurance broker
insured. The more knowledge you've got about contractors insurance before you actually go out
and purchase a policy, the more relevant your questions will be for the agent or broker who is
selling the covera