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.
General Liability.
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.
General liability.(contractor's)
Commercial General Liability Insurance, otherwise known as CGL provides the coverage required for contractors in the construction trades
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.
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.
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.
No, they do not need to have EO insurance. They can choose to get this coverage if they wish, however.
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.
general insurance and life insurance 'Professional Indemnity' under General Insurance.
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.