No matter how hard you try to keep your business out of the courtroom, there comes a time when your company gets dragged in there anyways. It doesn’t matter if you are a small one man shop or if you have a large company, someone out there might think you caused them or their business …
Accidents happen and contractors operate a business where accidents could happen at anytime. It is important to have the right insurance coverage and to know where your coverage leaves you exposed. We have put together a short list of common insurance claims for contractors so you can see how these types of claims would affect …
Just in time for Halloween we thought we’d share some recent insurance horror stories. Truthfully, we encounter these stories more often than we should. Names and companies will be omitted to protect the privacy of the individuals involved. Part I: Insurance Company Tells Contractor How to Run Their Business! Yes, you read that right. We’ve …
No one really likes paying for insurance, and contractors are no different. There are a lot of contractors operating their business without an insurance policy, and it should come as no surprise that this leaves them vulnerable to many different money losing scenarios. It’s entirely possible that they don’t know how cheap an insurance package …
Anyone that has ever relied on a tool or a piece of equipment for their job could imagine what could happen if it ever failed or was stolen. Having the right equipment for the job is essential and if that equipment is no longer available, you may find yourself in a position where you simply …
If you own your business, you already know that sometimes things simply don’t go your way. Equipment and tools go missing or your entire workshop could burn down. For reasons such as these, there are insurance coverages for businesses that lose money from their businesses not being able to operate due to covered losses. Let’s …
An Installation Floater is something you may not know you needed until you have to pay out of pocket for a loss from a job. If you are a contractor, or do installations as a part of your business, having an installation floater might save you a lot of money and grief. The standard commercial …
When two different companies arrange to work together, they will commonly request proof of insurance in the way of a Certificate of Insurance or they could even be asked to be listed on the policy as an Additional Insured. Insurance terms can not only be confusing, but they can be extremely misleading as well. The …
Commercial property insurance policies are created for buildings that are already fully built and operating, but how do you insure a building during construction? People often assume that the contractor has insurance for this, but it’s often not the case. This is where a builder’s risk insurance policy would come into play. In order to …
A business insurance package can be a bit overwhelming with all of the extra endorsements, coverages, exclusions, and limits. If you are running a successful business or just starting one, you will need Commercial General Liability or more commonly referred to as CGL insurance package. This may not be an exciting topic for anyone, but …