Floods are undoubtedly one of the most frequent and destructive natural disasters that affect businesses across the United States. According to the Federal Emergency Management Agency (FEMA), commercial flood claims cost $90,000 on average to resolve. Also, it’s often especially expensive to repair water-related damages if a property is covered in mold or mildew. Therefore, […]
Business Insurance
General contractors are professionals who are responsible for overseeing construction projects, including remodels and improvements. They typically form direct contacts with property owners, verify that all workers on a project (subcontractors, suppliers, etc.) are compensated, and gather and organize lien releases from all of these individuals. Much like other professionals, such as architects and engineers, […]
Contractors are professionals who supervise and coordinate the major stages of remodeling or other construction projects. Their responsibilities include overseeing and scheduling the tasks that subcontractors (i.e. electricians and carpenters) perform and obtaining permits for the renovation. Just like any other type of worker, these individuals need some form of basic protection against certain risks. […]
As a contractor, you may be wondering if errors and omissions insurance is really necessary for your line of work. E&O insurance plans are specifically designed to help contractors stay protected where it matters most and ensure that small disputes do not turn into financially draining legal battles. What is Errors and Omissions Insurance? E&O […]
As an independent contractor, it is important to make sure you are protecting yourself and ensuring your self-run business is safe in the case of fraud, non-payment, and other important scenarios that are bound to come up in your area of work. Just like a regular business, independent contractors are also subject to liability claims […]
If you own a business, you know that there are certain risks your organization will face, especially in the beginning. One major threat that many companies face is the devastation caused by natural disasters. Floods, in particular, can significantly damage a business’s physical building and its contents. Additionally, some organizations have a higher risk of […]
Commercial flood insurance is designed to protect your business against damages resulting from flooding. This form of insurance can safeguard both your company’s building and its contents (equipment, furniture, HVAC systems, etc.). Flood insurance exists because this type of coverage is generally not included in commercial property insurance policies. Most insurers provide this type of […]
Natural disasters can cause significant devastation to companies. Floods can be especially destructive to a commercial structure’s floors, walls, and contents, and many businesses across the United States are vulnerable to this type of disaster. Consequently, many insurance companies offer policies that provide protection against floods. However, flood insurance policies exist as an additional form […]
