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The cost of general liability depends on.
2) The amount of work you plan to perform in a year.
3) Your expected payroll and/or subcontractor expenses.
4) The amount of coverage you want.
(Do you want $100,000, $500,000 or $2,000,000 in coverage)
A $ 500,000 policy can cost one contractor $5,000 and another $8,000. I recommend getting a few quotes from an insurance agent that specializes in writing policys for general contractors.
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What is an insured contractor?
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
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)
Can general insurance be backdated?
can a contractor have liability insurance backdated to show the company was insured
Where can one find a contractor for general liability insurance in Mobile Alabama?
Yellowpages is a great resource to find a contractor for general liability insurance in Mobile, Alabama. The website contains contact information for multiple contractors.
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.
Where to get general liability policy for general contractor?
Contact a licensed commercial insurance agent in your area. It will be able to assist you if it do not sell the particular coverage you need by referring you to another broker. Do a search for general liability insurance for your state and hundreds of agents will show up. Make sure you use a contractor insurance specialist however.
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.
Who pays contractor's general liability insurance the general contractor or the client?
While different states may have different requirements, it is generally the responsibility of the contractor to furnish his or her own general liability insurance. Of course, the costs of any business will be, one way or another, paid for by monies received from clients. These are "overhead" costs and will be factored into bids throughout the course of a fiscal year.
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,
What are all of the general liability class codes for a general contractor?
91596
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
