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What type of contractor's liability insurance covers incomplete or incorrect work?
Wiki User
∙ 17y ago
That is not an insurance issue, it's a Bond issue. If the contractor isn't bonded and if you didn't specifically require a performance bond, he probably isn't bonded. You may be able to get pressure on him if you call the local building and zoning department or possibly the state department of business regulation that oversees contractors.
Wiki User
∙ 17y ago
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What sort of insurance does one need for a sole-proprietor masonry business?
Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades
As an independent sub-contractor are you required to get professional liability insurance?
This depends on a number of things. It's hard to say without knowing what kind of work you are sub-contracting. First determine if you need Professional Liability coverage Or Commercial Liability Coverage. They are very different products. Most General Contractors do require the subs to carry insurance. Otherwise the General Contractor will have to pay much more for insurance coverage that effectively covers his or her own activities as well as those of the sub-contractors. If the General Contractor you are doing work for already has coverage for his subs under their insurance (usually not). What is the nature of your agreement with the General Contractor. Some Contractors insurance policies cover subs while others do not.
Where can I apply for limited liability insurance?
Limited liability insurance can be purchased from many insurance companies. An explanation of limited liability insurance can be explained by a qualified insurance agent.
Can you open a cleaning company under your present residential contractors liability insurance?
You can add the new business to your existing policy. The cleaning company would not be covered until you add it to the policy.
What is contractor's general liability insurance?
Contractor's general liability insurance is, essentially, "malpractice" insurance for general contractors. That is, it provides indemnity for a party who has sustained compensable injuries for the negligent act or omission of a general contractor. Like other liability insurance, this type provides a defense to the insured when liability (fault) is contested. That is, part of the insuring agreement provides that the insurer will hire and pay an attorney to defend the insured, investigate the claim, and pay related costs. Generally, these attorney fees and costs are paid in addition to the indemnity benefit. However, some policies provide that they reduce available indemnity benefits,
Is liability insurance the only insurance available for contractors?
The answer to this question is no. There are lots of liability insurance available for contractors. It is depends on what kind of insurance the contractors wants to purchase.
Where can one get liability insurance for contractors?
There are a few insurance companies out there that provide liability insurance to contractors and small businesses. Among them are Progressive, UCI Agency, Geico and Veracity Insurance.
Are defense expenses paid in a contractors professional liability policy?
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
What is the Liability of homeowner acting as General contractor?
Homeowners insurance does not have liability coverage for your job occupation. You can obtain contractors insurance for liability coverage.
What are the main rules used by contractors general liability insurance?
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
Is gerneral liability insurance for contractors required in the state of Calif?
As of this date, liability insurance is not required but SB2029 requires that home improvement contractors disclose to home owners in writing to any potential customer whether or not they carry commercial liability insurance.
What kind of insurance policy do I need to start a construction business?
Most states require some form of contractors liability insurance for contractors to operate a business. It is also in the contractors best interest to have liability insurance to protect against any type of problems which may arise during construction. Liability insurance is also a marketing tool which many customers like to see when choosing a contractor.
Does contractor liability insurance cover poor workmanship?
No. Workmanship is not covered under a artisan contractors liability policy.
What does comprehensive general liability insurance cover?
Comprehensive general liability insurance covers businesses against many liability exposures of a business. Comprehensive general liability insurance coverage includes completed operations, elevators, independent contractors, and more.
Which companies actually own pollution liability insurance?
Many companies have pollution liability insurance, including transportation services and some large factories. Marine vessels usually carry water pollution liability insurance, and some contractors carry pollution liability insurance!
General contractors general liability class code?
Insurance class code 41620
What has the author F N Eaglestone written?
F. N. Eaglestone has written: 'Insurance for the construction industry' -- subject(s): Business Insurance, Construction industry, Contractors, Insurance, Insurance requirements, Insurance, Business, Insurance, Liability, Liability Insurance
