An invisible shift is happening in the insurance sector as business owners, like contractors, are moving away from generalist agencies for firms dealing in niche areas. The need for specialized ...
The construction industry is a risky field to work in. The hazardous construction materials, sharp objects, steep drops and heavy equipment make it difficult for contractors to work hassle-free.
The construction industry continues to face the challenges of supply chain snags, inflation and persistent labor shortages—a situation that has become all too familiar. Amid these challenges, the ...
Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...
Are Contractor Insurance and General Liability Insurance different? The short answer is yes. Contractor Insurance refers to a bundle of policies that are specifically relevant to contractors and ...
Construction work can be a tricky and dangerous business. Contractors perform a variety of trades and scopes that carry different levels of inherent risks. Failure to plan and financially protect ...
Today it is standard practice for building owners and developers to require evidence of commercial general liability insurance from contractors that are doing construction work for them. This ...
Licensed contractors are responsible for supervising every aspect of work on construction projects and are usually the proprietors of construction companies. The companies are held liable whenever any ...
If you’ve ever retained a home-improvement contractor, you’ve almost certainly received enthusiastic assurances that he or she is “licensed and insured.” But what exactly does that mean the context of ...
All contractors performing construction (including demo, abatement & installation) on campus must carry insurance. For full insurance requirement information (including requirements for contracts of ...
A winter nor’easter, described in the media as “snowzilla” because of its historic proportions, slammed the U.S. mid-Atlantic states on a January weekend in 2016, dumping more than 2 ft of snow on New ...