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The Basics of Insurance for a Construction Business

To complete a construction project, you need, among other things, large machinery, contractors, and workers. This complex working environment creates possibilities for third-party damages, bodily injuries, as well as potential litigation. While the adoption of advanced technology and machinery can reduce some of the inherent risks, it can also increase the chances of other risks. Read More

Builder’s Risk Insurance: What Is It & Why Do You Need It?

Builder’s risk insurance covers commercial and residential structures while they are being constructed, renovated, or remodeled. In the event of a covered accident, a builder’s risk insurance policy can cover materials, fixtures, and equipment being used in construction or renovation. Here’s everything you need to know about this type of insurance policy. Who Buys Builder’s Read More

10 Effective Tips from OSHA for a Safe Workplace

Maintaining workplace safety ensures that your employees are more productive, healthier, and happier. Robust workplace safety measures also protect you from costly liabilities relating to workplace injuries. This is why as a business owner, you should continually foster a safety-conscious culture in your business. Here are 10 safety tips from OSHA that can help you Read More

Products-completed Operations Vs. Product Liability Insurance: How Are They Different?

Product liability insurance is a crucial investment for businesses that make goods or offer certain services. For example, it can protect your company from substantial losses if you’re successfully sued, for making equipment that ends up injuring or harming a user due to design or manufacturing defects. Contractors that construct or install roofs, buildings, wiring, Read More

Understanding How Workers’ Compensation Settlements Work: An Overview

According to the National Safety Council (NSC), common work-related injuries in the U.S. include slip and fall injuries, cuts and lacerations, crashes and collisions, and muscle strains. To protect workers from the financial burden associated with such injuries, the federal government requires all employers, except those in Texas, to carry workers’ compensation coverage for their Read More

How BOP Insurance Can Protect Your Business

A business owners policy (BOP) is an important investment due to the constant risk of liability and property loss you face as a business operator. It is a practical way to protect your business’s physical and financial assets, in case a covered peril occurs. What if a standard business owners policy doesn’t fully address your Read More

Business Interruption Insurance for Contractors and Restaurant Owners: Covering Your Losses During COVID-19

Business interruption or business loss insurance protects a business against loss of income resulting from a named peril. Typically, the loss of income must result from the business facility being closed due to a physical disaster, or during the process of rebuilding in response to the physical damage. Here’s some more information on this topic. Read More

A Contractors Guide to CCIP Insurance

Large construction projects usually involve multiple parties, including the general contractor, subcontractors, project owners, and developers. It’s common for these parties to carry their own insurance protection against property damage or injury claims. The subcontractors usually pass their insurance costs to the general contractor. Even so, there may still be coverage gaps resulting in some Read More

4 Important Types of Subcontractor Insurance

When working under a general contractor or larger business, you will need to address your subcontractor insurance needs. Do not assume that the general contractor’s policy will automatically cover your own liabilities for damages or injury. Here’s a look at the important insurance protection you need to operate as an independent subcontractor. When Does a Read More

Commercial Umbrella Insurance for Your Business: Why Do You Need It?

Commercial Umbrella Insurance for Your Business: Why Do You Need It? Commercial insurance is important, as it protects businesses from perils such as theft, lawsuits, employee injuries, and property damage. Unfortunately, about 75% of U.S. businesses are underinsured. This means that in the event of a disaster, the owners of such businesses would have to Read More

Effective Strategies to Mitigate Your Business Insurance Risks

According to the Insurance Information Institute (III), about two out of every five companies don’t recover after collapsing due to a disaster. However, catastrophes are only a portion of the risks that small businesses across the U.S. face day-to-day. To protect your business against the many unforeseeable hazards, you’ll want to implement an effective risk Read More

A Quick Guide to Employment Practices Liability Insurance

Your employees are an invaluable resource. However, there are some instances when employee-related issues may arise. Employment Practices Liability Insurance (EPLI) provides financial protection for your business, if you should need to fight allegations from an employee. Common issues in the workplace include harassment and discrimination. Employment Practices Liability covers your business through the litigation Read More