Construction insurance is a type of protection that helps pay for any covered losses to a structure (building or other). It’s critical for anyone who works in the construction industry to carry this form of coverage because all building projects face the risk of losses and damages due to mistakes and unanticipated events. This is […]
Read MoreWhat Does Course Of Construction Insurance Cover?
Additions, major renovations, and other construction projects completed on a property are not automatically covered by a standard insurance policy while the work remains in progress. Once a contractor finishes a construction project, they will likely reach out to an insurance provider and inform them about the project in order for the revised coverage to […]
Read MoreShould You Get Commercial Flood Insurance For Your Small Business?
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, […]
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