If you’ve ever retained a home-improvement contractor, you’ve almost certainly received enthusiastic assurances that he or she is “licensed and insured.” But what exactly does that mean the context of ...
Contractor liability insurance avails financial protection in a wide array of scenarios where your business accidentally causes harm to another person or their property. If your business is sued for ...
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...
This article is part of a sponsored series by IAT. The construction industry faces a new set of challenges each year, and 2024 is no exception. Although 2023 saw a 19.7% surge [1] in spending for ...
The article reviews liability insurance gaps, subcontractor requirements, and policy considerations that can affect construction projects. Many contractors across Long Island focus heavily on project ...
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal ...
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts ...
If you're starting a contracting business, whether it's in construction, electrical, or plumbing, you need to be aware of your state's and clients' requirements regarding general liability insurance ...
Starting a new construction job without the right insurance in place isn’t just a financial risk. It can cost you your ...
While general or prime contractors have always faced the risk of liability for the actions or inactions of their subcontractors, an increase risk of state statutory liability for certain actions and ...