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Contractors Liability Insurance is actually a form of Commercial General Liability (CGL)insurance tailored for the construction contractors market. CGL provides insurance for your company in the event you cause property damage and/or bodily injury to a third party. (i.e., your customer or an innocent third party) CGL comes in different forms with different coverage It is essential to match yours coverage needs with your work risk exposure. A good insurance professional can help you with this. NOTE Liability insurance does not cover poor workmanship, tools or injury to employees.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoLiability insurance is required for contractors in many states as a requisite to work. It protects both the contractor - the worker, and you - the employer, from any liability if the contractor is injured on the job (at your home.) Basically, if he is insured, you don't have to worry about being sued if he gets hurt on your property.
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Does the owner or contractor purchase professional liability insurance?
Traditionally the contractor provides the Insurance. The owner verifies that the contractor has insurance prior to hiring that contractor.
How much professional liability insurance does a sole proprietor painting contractor need?
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
How can i get a copy of a contractor's liability insurance policy?
Ask the contractor for a copy.
What is an insured contractor?
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
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.
Can general insurance be backdated?
can a contractor have liability insurance backdated to show the company was insured
Why does a contractor need a professional liability insurance policy?
A contractor typically needs a Commercial General Liability Insurance Policy. If the contract includes professional services, then the contractor will likely be required to carry Professional Liability Insurance, either in addition to, or in place of a CGL policy. It really just depends on the nature of the services contracted.
Why would a contractor need liability insurance?
A contractor may insist on the notion of liability insurance in case any unforeseen incidents may occur, such as a roof caving in, so they can not be held accountable.
What does contractor liability insurance cover?
Contractor liability insurance typically covers property damage and bodily injury. It also will cover products and completed operations as well as personal and advertising injury.
Does General contractor liability insurance cover default of payment to subcontractor?
no
What kind of insurance do you need for a housekeeping business?
General liability.(contractor's)
Does contractor insurance cover bad workmanship?
Of course not. I assume you are talking about commercial liability insurance.
