What Is The Best Hassle Free Way To Purchase Contractor's General Liability Insurance?
Question by michael j | Posted in Small Business
I am a california contractor and need to know the best insurance agency to help me find affordable Contractors General Liability Insurance
Answer: The best way you can obtain an affordable general liability insurance policy is by contacting Mainline Insurance Services, Inc. Their number is 888-467-6612. You can obtain a $1,000,000 general liability insurance policy within minutes. They offer sound advise for contractors looking to invest in a policy that is tailored exactly to your needs.
What Does General Contractor Liability Insurance Cover?
Question by Maureen L | Posted in Insurance
Hiring a general contractor to build a house. Want to make sure if a subcontractor or the contractor himself doesn't finish the job does there insurance cover the expense to hire another contractor to finish the job?
Answer: What color is a car? Well, there's more answers to your question than mine!
BUT, insurance won't cover job performance, or lack thereof.
What you're looking for is called a PERFORMANCE BOND. It specifically covers you, and describes the job, and pays out if the contractor doesn't finish the job on time. There's another bond you probably also want - a PAYMENT bond. That pays out, if the general contractor doesn't pay the subs, like they're supposed to. Otherwise, YOU have to pay the subs.
If you don't have a payment and/or performance bond, general liability does NOT cover shoddy work, or paying the subs, or finishing the job. Or even, damage
Where To Get Cheap Contractor General Liability Insurance?
Question by | Posted in Insurance
Any Ideas?
I Am in Wisconsin. Have no employees. Only me.
And Am in Property Preservation.
Rekeying, lawncare, winterizing, and pick up and removal of garbage and debris.
Answer: You do not state where your business is based or what type of contractor you are so I can only give you limited information. If you are located in DC, MD, PA, VA, NY, TN, IL, IN, NC, OH, WI or WV and you are an artisan contractor (carpenter, plumber, electricion, drywall installer, hvac technician, etc.) then Erie Insurance has some great programs for contractors with less than 10 employees (Fivestar) and for contractors with more than 10 employees it would be the Ultraflex policy. The rates are among the most competitive in the industry. You must have experience to qualify for either of these programs. If you are in any other state and have the necessary experience, you might want to check
General Contractor Looking For General Liability Insurance For Another State?
Question by Kurt M | Posted in Insurance
I am currently a Residential contractor looking for General Liability Insurance that would cover me in other states as in Georgia. I was wondering if anyone knowes of an Insurance company that may underwrite my buisness for structural repairs. It may seem as simple as asking my insurance company"state auto" but they are having a hard time finding a company that would underwrite this.
Answer: Your OWN general liability policy most likely will cover you! I've seen HUNDREDS of these, and some of the rating is based on "radius of operations", but that's mostly the auto part. The standard liability policy in the US has a territory of "The United States, it's territories and posessions".
If your business is "structural repairs", there will no doubt be more questions - like is it below ground, or above ground? And is residential limited to single family homes, under four units, or above four units?.
You need a new agent - a local, independent agent who can farm this out to a couple wholesalers to get a taker. If you haven't
Can Anyone Tell Me Where I Can Get General Liability Insurance For A Self-employed Administrative Contractor?
Question by Eric W | Posted in Insurance
I am self-employed as an administrative contractor. I have the opportunity to land a lucrative contract, but the client has requested that I carry a simple general liability policy. I have been to all the major insurance carriers in town, and nobody has heard of such a thing for an office employee. Any ideas?
Answer: Call an insurance broker or independent agent that handles commercial insurance. They should be able to write a simple business owners policy (BOP) for you.
What Are The Advantages Of Having Insurance For Contractors ...
by Socrates De Souza
It should be noted that this amount of type of insurance is just an example since every insurance company is different in terms of the amount of coverage they will offer you, as well as other things. You should consider commercial general liability insurance, as it helps to protect the business as a whole. Since this type of coverage handles third parties and the contractor the commercial insurance is designed to help cover all. Commercial insurance is another way to help protect a company from liability as well. This means that your company will have no liability for legal bills, but the insurer will handle them....
Unfortunately if your purchasing contracts contain the standard insurance boilerplate that merely requires the vendor to maintain Commercial General Liability insurance (CGL), there will probably be no insurance coverage to pay for any of these claims.
to insurance market data provider AM Best, contractors, remodelers and other building trades face a number of significant risks, each of which can be covered by contractor insurance available through insureon. These risks include General Liability,
In general, I welcome the review of who should be on the payroll and of course, there should be a robust system to ensure that all contractors are paying the correct income tax and national insurance contributions. But Danny Alexander's letter would
Ally has invested $10.3 billion in ResCap since 2007 as it has struggled to free itself from its mortgage liabilities. ResCap has shrunk from 10900 employees in 2007 to 4031 today. It has also slashed its use of independent contractors.
Primary casualty provides general liability insurance for residential and commercial contractors as well as general liability and product liability for smaller manufacturers, distributors, non-habitational real estate and certain real property owner,
In general, I welcome the review of who should be on the payroll and of course, there should be a robust system to ensure that all contractors are paying the correct income tax and national insurance contributions. But Danny Alexander's letter would