As a general contractor, tradesman, and small business owner, it can be intimidating knowing the liability you're constantly responsible for. Accidents happen all the time in construction, so when it comes to insurance, it's best to be protected. Liability claims are very common. Four out of 10 small business will likely experience a claim in the next 10 years, with … [Read more...]
What Insurance Coverage Do Handymen Need?
[mv_video doNotAutoplayNorOptimizePlacement="false" doNotOptimizePlacement="false" jsonLd="true" key="kjswakauzhokbupjyseh" ratio="16:9" thumbnail="https://mediavine-res.cloudinary.com/v1681410428/ab47fbn5tnoootcirfiu.jpg" title="What Insurance Coverage Do Handymen Need?" volume="70"] A handyman is a jack-of-all-trades professional. In this career, you can pursue different … [Read more...]
7 Types of Insurance for Construction Companies
[mv_video doNotAutoplayNorOptimizePlacement="false" doNotOptimizePlacement="false" jsonLd="true" key="wocyxxeqju7v90fqkkri" ratio="16:9" thumbnail="https://mediavine-res.cloudinary.com/v1677873825/u5mbkx67sirdoymjl9sb.jpg" title="7 Types of Insurance for Construction Companies" volume="70"] No matter what type of construction business you own, there are regulations and … [Read more...]
Contractor Insurance: General Liability Coverage
In order to become a licensed contractor, not only will you need to fulfill your state’s training and educational requirements, but you’ll also likely have to purchase liability insurance. Nearly every state requires some type of general liability insurance for contractors — some states even additionally require you to have contractor bonds — before they can begin … [Read more...]
How Much Does a Surety Bond Cost?
A surety bond is an agreement between three parties concerning insurance for other people. The bond is only used when you fail to follow rules or regulations and includes: A principle: the party that needs the bond An obligee: the party that is protected by the bond A surety: the party that issues the bond General contractors typically obtain a surety … [Read more...]