If you’re a small business owner, you know that there are certain risks your organization is exposed to. One such threat is flooding; floods are among the most common natural disasters in the United States and some properties are more vulnerable to this danger than others. Fortunately, you can protect your business by purchasing commercial […]
Read MoreWhen Is Commercial Flood Insurance Required?
Floods are one of the most destructive natural disasters that can damage businesses. In some extreme cases, a flood can force a business to close down and temporarily operate out of a different location. However, most commercial property insurance policies don’t include coverage for flood-related damages. To protect your organization from these types of damages, […]
Read MoreWhat Kind Of Businesses Need Commercial Flood Insurance?
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, […]
Read MoreWhat Does Professional Liability Insurance Cover If You’re A General Contractor?
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, […]
Read MoreWhat Are The Requirements For General Contractor Insurance?
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. […]
Read MoreDo Contractors Need E&O Insurance?
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 […]
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