Robinsons Insurance Agency Blog
Working on a construction site requires resilience. Employees must be able to work in various hazardous environments, including working at heights, operating heavy machinery, working in tight spaces, and navigating uneven surfaces. While it is the employer's responsibility to provide a safe workplace, employees have responsibilities of their own to limit potential risks.
Let’s check out the safety measures that a contractor needs to know.
Contractors' insurance protects your company from financially devastating work-related incidents. If the company experiences tragic circumstances, it must secure its livelihood with appropriate coverages and restrictions.
Many businesses or even companies suffer worker injuries and property damage. The right insurance can reduce risk and secure your business from unexpected disasters.
Contractors' all-risk insurance is intended to provide you with the necessary protection for your tools of the trade, the plant, and the machinery you may employ on-site, as well as the supplies required to complete the task.
It is deemed one of the complete techniques for safeguarding physical works, drawings, temporary structures, tools, and equipment on your construction site. Also, this type of coverage should allow you to tailor the coverage to your specific needs and requirements.
Having a contracting company comes with its own set of dangers. There are several ways for individuals to become injured or for property to be damaged. Whatever physical injury or property damage occurs on the project, the contractor will almost certainly be the one to file a claim—and may be obliged to pay for out of hand.
If you're still unsure about how your insurance works, here's a refresher on the many types of contractor's insurance and their relevance.
Contractors are often sued when their work turns out poorly, but a standard general liability policy doesn't cover any claims. It is also important to know what liability insurance is. This type of insurance covers contractors for a range of damages, including claims from first responders and clients.
Contractors need to understand the basics of their coverages to avoid costly mistakes and unnecessary litigation. If you're sued for faulty work, the first thing you should do is call an experienced contractor insurance attorney.
An attorney can help you determine if your claim falls under the "contractual" exception to your policy and explain your options for coverage.
You may have heard the term "negligence" thrown around when it comes to contractor's insurance, but what does it mean? Negligence is a legal term that refers to the failure to act with appropriate care in a given situation.
In short, insurance companies use negligence to determine if they will pay your claim. The contractor's insurance covers certain negligence acts, including those committed by employees.
It can also cover contractors who are working for you temporarily.