Contractor General Liability Insurance And Workers´ Compensation Insurance Savings Up To 38%!
General Liability Insurance For Contractors, Home Builders, And Remodelers
General Liability covers certain lawsuits against the contractor alleging that the contractor´s negligence has resulted in "bodily injury", "property damage" and "personal / advertising injury" to someone else. Such potentially covered lawsuits can arise out of injuries while the construction is ongoing or many years after the job is finished.
Common examples of potentially covered lawsuits are as follows:- Child wanders onto construction site and is injured while playing
- Worker is digging a ditch and severs a utility line
- Faulty plumbing results in water damage 1 year after completion.
- Faulty electrical wiring causes the house to burn down 5 years after completion
- Your Subcontractor installs faulty gas lines that cause the house to burn down.
You need to be aware that the General Liability policy has many exclusions in the "fine print" which may result in no coverage for many types of lawsuits.
Contractors´ General Liability has been increasingly difficult to obtain in recent years due to the construction defect litigation crisis. The insurance industry has begun to restrict coverage by placing many exclusions on contractors policy forms including but not limited to EIFS, Mold, Lead, Products-Completed Operations, Prior Completed Work, Damage To Work Performed By Subcontractors On Your Behalf, Subsidence, Contractual Liability Limitation, Independent Contractor Exclusion, Roofing Operations Exclusions, etc. You must understand the coverage implications of these exclusions if they are found on your General Liability policy.
You can learn more about how to save money on General Liability insurance and how to be prepared for your audit by referencing important articles under Sadler Insurance Articles And Information.
Sadler & Company, Inc.
3014 Devine St.
PO Box 5866
Columbia, SC 29250-5866
Toll Free (800) 622-7370 Local (803) 254-6311
Fax (803) 256-4017
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