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General contracts must carry at a minimum liability insurance along with being bonded by the state. Liability insurance should be no less than $1 million and could be much higher depending on the job.
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∙ 14y ago
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What kind of insurance do you need for a demolition business?
Most clients demand that demolition contractors have commercial general liability insurance before they hire them. Demolition insurance coverages are designed to meet the specific demands of the demolition industry. Contractors face a variety of potential risks, so it's critical to have the correct insurance coverage in place.
What kind of insurance do you need for tree work?
General Liability.
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.
What kind of insurance do you need for a housekeeping business?
General liability.(contractor's)
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
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 homeowners insurance cover damage to your neighbor's property caused by construction on your property?
Actually, This is covered under your Contractors General Liability Insurance. If your contracting builder does not have insurance, you need to get rid of him, and find another contractor immediately.
What is the average cost for general liability and E and O insurance for General Contractors?
There are so many variables, you really should contact a multiline agent, or many agents, to get the quotes they will need to have information from you to properly quote these rates.
Do home-based travel agents who are independent contractors need E O insurance?
No, they do not need to have EO insurance. They can choose to get this coverage if they wish, however.
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
What insurance do you need to to teach privately?
general insurance and life insurance 'Professional Indemnity' under General Insurance.
Does Kansas have any home improvement contractors that specialize in tornado damage?
If you need information about contractors regarding damage of your home, call your insurance company. Your insurance company will usually refer you to a representative who can speak to you about your home.
