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When managing rental properties, safeguarding investments is a top priority for landlords, and comprehensive landlord insurance is a pivotal tool in achieving this goal. This type of insurance provides an extensive safety net, offering all-risk coverage to protect against unforeseen damages and losses. It also covers legal liabilities, ensuring landlords can handle legal challenges or claims.

Moreover, comprehensive landlord insurance addresses potential tenant risks, protecting situations like tenant damage or eviction costs. Landowners can manage their properties with greater peace of mind and financial security by opting for a robust insurance policy.

All-Risk Coverage

All-risk coverage, sometimes called open-perils coverage, is the portion of a landlord insurance policy protecting against an array of potential risks or perils except those explicitly excluded in the policy. Unlike named-perils insurance, which only covers the risks specifically listed, all-risk coverage automatically safeguards against any loss or damage to property from events such as fire, theft, vandalism, or natural disasters.

This broad protection accommodates unexpected or uncommon threats, reducing the chances of coverage gaps. However, policyholders must carefully review the exclusions section since the policy might not cover standard items like wear and tear, war, or government actions.

Legal Liabilities

A landlord insurance policy protects property owners from financial burdens arising from legal claims or lawsuits. This coverage typically includes liability for bodily injury or damage on the rental property, such as an injury to a tenant or visitor from a slip and fall accident. It can cover legal defense costs, settlements, or judgments if the landlord is found liable.

Additionally, legal liability coverage may encompass claims related to wrongful eviction, invasion of privacy, or discrimination. With this coverage, landlords can mitigate the financial impact of legal disputes, ensuring that unexpected legal issues do not jeopardize their investment or economic stability. 

Protection Against Tenant Risks

Another component of comprehensive landlord insurance is protection against tenant risks. It shields property owners from financial losses related to tenant activities, including damage caused by tenant negligence or malicious acts, resulting in costly repairs or replacements. It may also cover loss of rental income if a property becomes uninhabitable due to tenant-induced damage.

Another aspect is coverage for the legal expenses of evicting a non-paying or problematic tenant, which can be lengthy and expensive. By safeguarding against tenant-related risks, landlords can maintain their financial stability and ensure that their property investment remains secure, even in the face of tenant-related challenges. 

We Can Help You Save on Landlord Insurance

Are you looking for the best price and coverage on rental property insurance? Contact our team today! As independent brokers, we will shop among competing insurance companies to find you the best deal on quality landlord insurance!

Call American Insuring Group today at (610) 775-3848 or contact us online to start saving.

Today, auto insurance windshield coverage may extend beyond mere glass protection. With new cars featuring integrated cameras and safety sensors, windshields now play a more significant role in vehicle safety systems. Vehicle owners should understand the complexities of windshield insurance to ensure comprehensive coverage and address potential high repair costs.

Types of Windshield Coverage

Windshield coverage usually falls under two main types: comprehensive and full glass. Comprehensive coverage includes various non-collision damages, such as theft, vandalism, and natural disasters, and it often provides windshield damage. However, a deductible may apply.

On the other hand, full glass coverage specifically covers damages to the windshield and other vehicle glass without a deductible, though it might involve a slightly higher premium.

Coverage specifics can vary by state or region, with some areas mandating particular inclusions or offering additional options. Understanding these coverage types helps you select the proper protection for your windshield.

Advanced Technology in New Car Windshields

Vehicle windshields have evolved to become integral components of advanced safety systems. New cars often feature windshields embedded with cameras and sensors crucial for lane departure warnings, adaptive cruise control, and automatic emergency braking. These technologies, part of Advanced Driver Assistance Systems (ADAS), enhance driving safety by providing real-time data to help prevent accidents.

However, including such advanced technology affects the complexity and cost of windshield replacement or repair. When a windshield with these features is damaged, simply replacing the glass is insufficient. The sensors and cameras require precise recalibration to ensure they function accurately, maintaining the vehicle's safety standards.

Consequently, insurance considerations must account for these high-tech elements, as improper handling can compromise safety. When dealing with replacements or repairs, selecting a qualified service provider with expertise in ADAS is critical. Understanding these complexities ensures proper coverage and optimal vehicle performance.

Insurance Considerations for High-Tech Windshields

Auto insurance policies should address the advanced technology embedded within modern windshields, focusing on coverage inclusions for cameras and sensors integral to safety systems like ADAS. This means ensuring comprehensive or full glass coverage explicitly includes costs for such sophisticated components and the necessary post-replacement recalibration.

When filing claims, it’s crucial to verify if the insurance covers both the replacement and the precise recalibration required for these systems to function correctly, as inadequate calibrations can lead to on-road safety risks.

Moreover, insurers may have specific requirements for repair or replacement providers, emphasizing the need to select service centers with expertise in handling technology-enhanced windshields.

Additionally, some insurers offer dedicated rider options for high-tech windshield coverage to address these needs comprehensively. Awareness of these coverage specifics can help policyholders avoid unexpected costs and ensure continued safety on the road.

Contact Us for the Best Prices on Vehicle Insurance!

We are independent brokers here at American Insuring Group. Our agents shop the market for the best insurance rates for coverage that meets your needs! Call us today at (610) 775-3848 or contact us online for the best windshield coverage and vehicle insurance rates!

Worker's compensation insurance provides injured employees financial security and peace of mind. It covers medical expenses, lost wages, and rehabilitation costs, ensuring a quicker recovery. For employers, it minimizes legal liabilities and promotes a safer work environment, enhancing overall workplace morale and productivity.

Employee Medical Costs Covered

Worker's compensation provides comprehensive coverage for employee medical costs incurred from work-related injuries or illnesses. Once an employee files a claim and it's approved, the worker's compensation insurance covers the necessary medical treatments. This coverage includes doctor visits, hospital stays, surgeries, prescription medications, and physical therapy required for recovery. The goal is to ensure employees receive proper care without worrying about the financial burden.

Additionally, worker's compensation often includes coverage for medical devices, such as prosthetics or wheelchairs, if needed for the injury or illness. It may also cover transportation costs to and from medical appointments. By alleviating the financial strain of medical expenses, worker's compensation allows employees to focus on recovery and return to work sooner.

Employers also benefit because covered employees generally have access to streamlined, efficient medical care, reducing downtime and promoting a quicker, healthier return to productivity within the organization.

Legal Liability Protection

Legal liability protection from worker's compensation significantly reduces the risk of lawsuits related to workplace injuries or illnesses by providing a structured system for addressing these issues. Employees who accept worker's compensation benefits typically forfeit the right to sue the employer for additional damages related to the injury. This trade-off, known as the "compensation bargain," helps to protect employers from costly legal claims and the uncertainties of litigation.

The system shields employers from direct lawsuits and establishes a predictable method for handling employee claims, resulting in more controlled financial planning and stability. It also encourages employers to maintain safer work environments to minimize accidents, ultimately reducing claims and enhancing workplace safety. By promoting a balanced approach, employers and employees gain from a standardized process that supports recovery and minimizes potential legal conflicts.

Support for Injured Employees

Worker's compensation supports injured employees by providing essential financial and medical assistance during their recovery. Once a claim is approved, it covers various medical expenses, including doctor visits, surgeries, and rehabilitation, ensuring employees receive the necessary care without incurring personal costs.

It also compensates for lost wages by providing temporary disability payments, helping injured employees maintain financial stability while unable to work. This support aims to reduce stress, allowing employees to focus on healing. If an injury results in permanent impairment, worker's comp may also provide long-term benefits to manage ongoing challenges.

Worker's compensation prioritizes health and financial well-being, enabling employees to recover effectively and return to work with minimal disruption.

We Can Help Your Company with Worker’s Comp Insurance

Looking to reduce your worker’s compensation insurance costs? Contact American Insuring Group online, or call (800) 947-1270 or (610) 775-3848. Our independent agents will find you the perfect policy at an unbeatable price. Contact us today to get started!

Truck liability coverage protects against financial losses from truck accidents. Its coverage includes:

• Bodily injury coverage, which compensates for injuries to others.
• Property damage coverage, which pays for damages to others' property.
• A combined single limit provides a single coverage amount for bodily injury and property damage.

Bodily Injury Liability

Bodily injury liability is a critical component of vehicle insurance policies, including commercial trucks, designed to protect against financial losses resulting from injuries caused to others in an accident for which the policyholder is at fault. It covers medical expenses, lost wages, pain and suffering, and even legal defense costs if the other party sues.

This coverage contains two primary limits: per person and accident. The per-person limit is the maximum amount the insurer will pay for bodily injury to one individual. In contrast, the per-accident limit is the maximum payable for all injuries in a single incident. Ensuring adequate bodily injury liability protects the policyholder from significant financial obligations and complies with legal requirements for operating vehicles.

Property Damage Liability

Property damage liability is another aspect of vehicle insurance policies. It provides financial protection if you are responsible for an accident that damages someone else's property. This coverage is essential for truck operators because of the potential for substantial damage caused by larger vehicles.

Property damage liability covers the repair or replacement costs of the damaged property, which can include other vehicles, buildings, fences, and public infrastructure like roads and street signs. The policy specifies a maximum limit per accident, which is the upper limit the insurer will pay. Anything beyond this limit becomes the policyholder's responsibility.

This coverage is indispensable for financial protection and compliance with legal requirements, as most jurisdictions mandate minimum property damage coverage. Ensuring adequate property damage liability coverage minimizes financial risks and protects your business from the consequences of unexpected accidents.

Combined Single Limit (CSL)

Combined single-limit coverage is an insurance policy offering a unified coverage limit for bodily injury and property damage claims resulting from an accident. Unlike split limit policies, which have separate caps for bodily injury per person, bodily injury per accident, and property damage, CSL simplifies coverage with one aggregate amount.

This feature signifies that regardless of the split between bodily injury and property damage, the policyholder has a fixed amount to cover total losses. For example, if a policy has a CSL of $500,000, insurers can use it to cover any combination of injuries and property damage up to that total.

This flexibility benefits truck operators, offering comprehensive protection against varying accident-related costs. CSL is advantageous in streamlining claims processes, providing broader coverage, and reducing the risk of insufficient coverage limits in complex accidents.

Contact Us For the Right Commercial Truck Insurance!

The agents at American Insuring Group specialize in Truck Insurance and are happy to answer any of your questions. Plus, as independent agents, we compare the cost of your coverage among many competing insurance companies to ensure you get the best rate on your insurance premiums.

What you don't know can hurt your business! Call American Insuring Group today at (800) 947-1270 or (610) 775-3848, or connect with us online for answers to all your questions.

Choosing the right landlord insurance involves assessing property type, location, and tenant risk. Compare policies to understand coverage limits, premiums, and deductibles. Consider specialized coverage for natural disasters or income loss. Comprehensive evaluation ensures your investment is well-protected against unexpected events and liabilities.

Factors to Consider

When selecting landlord insurance, consider several critical factors to ensure adequate protection for your property.

• First, evaluate the type and location of your property, as these influence the types of coverage you may need. For instance, properties in flood-prone areas may require additional flood insurance.
• Assess your tenants' risk profiles to determine liability coverage requirements.
• Understand the policy details, including coverage limits, deductibles, and premium costs, to ensure they align with your budget and risk tolerance. Consider loss-of-rental-income coverage to safeguard against unexpected vacancies due to covered events.
• Finally, review additional options, such as coverage for legal expenses or specialized protection for furnishings, if applicable.

Thoroughly comparing different policies and providers ensures adequate protection tailored to your specific needs.

Comparing Policies

When comparing landlord insurance policies, consider the previous factors to ensure comprehensive coverage and value for money. Start by examining the scope of coverage, including protection against property damage, liability for tenant injuries, and loss of rental income due to unexpected events. Evaluate the exclusions and limitations of each policy, as these can significantly impact coverage.

Next, review the premiums and deductibles for affordability while balancing the level of coverage. Check the credibility and financial stability of the insurance providers, as well as customer reviews and claims processes, to ensure reliable and efficient service. Finally, consider additional features that might be beneficial, such as coverage for legal expenses or emergency repairs, to tailor the policy to your specific needs.

Specialized Coverage Needs

Specialized coverage needs in landlord insurance cater to unique risks that standard policies might not address. Additional coverages like earthquake, flood, or windstorm insurance protect properties in natural disaster zones. These cover your property against severe weather events not typically covered by basic insurance. If your rental offers furnished accommodations, contents insurance safeguards against damage or theft of your belongings.

Consider rent guarantee insurance to protect against lost income due to tenant non-payment, ensuring financial stability. Legal expense coverage handles potential disputes with tenants, while unoccupied property insurance protects long-term vacant properties more susceptible to vandalism and damage. Lead paint liability coverage might be needed for older properties with potential lead paint exposure.

By considering and including these specialized coverages in your insurance policy, you ensure that you are well-informed and prepared for the unique risks that could affect your property's safety and financial security.

Contact Us to Save on Landlord Insurance

Are you looking for an excellent price on landlord insurance? Contact our team today! As independent brokers, we will shop the market to find you the best deal on quality landlord insurance!

Call American Insuring Group today at (610) 775-3848 or contact us online to start saving.

Construction companies need professional liability insurance to protect against errors, omissions, design faults, and project mishaps. It covers legal defense and claims that may arise, offering peace of mind. Understanding the difference between "claims made" and "occurrence" policies ensures adequate coverage for unforeseen liabilities.

Errors and Omissions

Errors and Omissions (E&O) insurance, often called Professional Liability Insurance, is a critical safety net for construction companies. It covers the legal costs and settlements arising from claims of professional negligence, errors, or omissions in the services they provide. These issues can occur during project planning, design, or execution and might result in financial losses or damage to property for clients.

For instance, if a construction company makes a design error that leads to structural issues, E&O insurance can help cover the costs associated with the claim. This type of insurance is essential because even minor oversights can lead to significant financial repercussions, potentially jeopardizing the company's stability. It ensures that construction firms can operate with greater confidence, knowing they have protection against unforeseen mistakes that could lead to costly litigation. 

Coverage for Design Faults

Coverage for design faults is another critical aspect of professional liability insurance for construction firms and design professionals. This coverage protects businesses from claims arising from errors, omissions, or negligence in the design phase of a project. Such faults can lead to significant issues, including structural failures, safety hazards, or project delays, resulting in costly repairs and legal disputes.

Design fault coverage typically encompasses legal defense costs, settlements, and judgments from such claims. For instance, if an architect's flawed design leads to a building's structural weaknesses, this coverage can help manage the financial consequences.

Construction firms need design fault coverage, which ensures that potential liabilities from design mistakes do not severely impact a firm's financial health or reputation. This allows construction and design professionals to work with increased confidence, knowing they are protected against the unforeseen challenges that might arise during complex projects.

Claims-Made vs. Occurrence Policies

Claims-made and occurrence policies offer different coverage timings for construction companies’ liability insurance. A claims-made policy provides coverage only if the policy is active both when an incident occurs and when the claim is filed. This provision means that if a policy lapses or is not renewed, the insurance company might not cover any claims made after this period, even if the event happened while the policy was active.

In contrast, an occurrence policy covers any incidents during the policy period, regardless of when the policyholder files the claim. Even if a business makes a claim years after the policy has expired, as long as the incident occurred during the covered period, it is still eligible for coverage.

Choosing between these depends on a firm’s exposure to long-tail claims and risk management strategy. An occurrence policy, in particular, offers a sense of long-term security since it covers any incidents during the policy period, regardless of the filing date of the claim. This reassurance can be a critical factor in your risk management strategy.

Contact Us Today to Save on Professional Liability Insurance for Contractors

Still have questions? Contact American Insuring Group for the best rates on professional liability insurance for contractors and construction firms. As independent brokers, we shop the market to find you the best deal on quality insurance!

So call us today at (610) 775-3848 or click here to start saving!

In states such as Pennsylvania, worker's compensation insurance safeguards employers and employees by providing essential coverage for medical expenses, lost wages, disability benefits, and death benefits arising from workplace injuries. Understanding what it covers, who needs it, and how it protects your business can help you navigate the complexities of maintaining a safe and legally compliant work environment.

What Worker’s Compensation Insurance Covers

Worker's compensation insurance protects workers and business owners by covering the costs associated with workplace injuries or illnesses. It primarily covers medical expenses, including hospital stays, surgeries, medications, and rehabilitation services necessary for the employee's recovery.

Additionally, it pays for lost wages if the employee cannot work due to their injury or illness, ensuring they have financial support during their recovery period.

The insurance also includes disability benefits, which can be short-term or long-term, depending on the severity of the injury. In cases where the injury leads to death, worker's compensation insurance offers death benefits to the dependents or beneficiaries of the deceased employee.

Who Needs Worker’s Compensation Coverage?

Worker's compensation insurance is essential for employers, freelancers, and high-risk industries. Employers are almost always legally obligated to provide this coverage, ensuring employees are protected from workplace injuries or illnesses. This legal requirement varies by state but generally applies to most businesses with employees.

Freelancers and independent contractors might also need worker's compensation insurance, mainly if they work in high-risk fields or have clients requiring proof of coverage. High-risk industries, such as construction, manufacturing, and healthcare, have a higher incidence of workplace injuries, making worker's compensation insurance especially necessary.

The coverage ensures regulatory compliance and demonstrates a commitment to employee welfare, which can enhance trust and loyalty within the workforce.

How Does Worker’s Compensation Insurance Protect Your Business?

This essential insurance provides a safety net that protects businesses in several ways. First and foremost, it offers legal protection by shielding the company from expensive lawsuits related to workplace injuries or illnesses. If an employee gets hurt on the job, the insurance covers medical expenses and lost wages, significantly reducing the risk of costly legal battles.

Another advantage is financial stability. By covering unexpected costs like medical bills and disability benefits, worker's compensation ensures that a business can manage these expenses without jeopardizing its economic health.

Also, worker's compensation insurance helps maintain high employee morale and loyalty. Employees feel more secure and valued when they know their employer has measures in place for their well-being and financial security.

Finally, worker's compensation insurance ensures regulatory compliance with state and federal laws, helping businesses avoid fines and penalties. Overall, it strengthens a business's reputation and operational stability.

Don’t Overpay for Worker's Compensation Insurance!

American Insuring Group offers cost-effective worker's compensation insurance from many competing insurance companies. We'll work hard to get you the best price on quality insurance for all your business needs.

Call us today at (800) 947-1270 or (610) 775-3848, or connect online.

Picking a truck insurance policy is important for any truck owner or operator. It ensures protection against various risks and financial liabilities that could occur on the road. The best policy covers the basics and targets your specific needs, such as the type of truck, usage, and cargo. You can select the most suitable insurance by thoroughly assessing your coverage needs, comparing different insurers, and regularly reviewing your policy terms to adapt to changes in your situation.

Start by Assessing Your Coverage Needs

The first step in choosing the right truck insurance policy is assessing your coverage needs. Begin by understanding the different types of coverage available, such as liability, collision, comprehensive, cargo, uninsured motorist, and more.

Consider the specifics of your operation: the type of truck you own, how it is used (long-haul versus local deliveries), and the nature of the cargo it transports. Regulatory requirements also play a significant role, as some types of coverage might be mandated by law. Evaluate your driving history and risk tolerance to determine the level of coverage you need.

Additionally, factor in your budget and financial capacity, ensuring affordable coverage without compromising essential protections. This thorough assessment will lay the foundation for a well-suited insurance policy.

Ensure the Optimum Value and Protection by Comparing Insurers

Comparing insurers confirms you will get the best value and protection from your truck insurance policy. Start by researching various insurance providers, focusing on their reputation, financial stability, and customer service quality. Gather quotes from them to compare coverage options, premium costs, and deductibles.

Don't just look at price—evaluate whether the coverage is comprehensive enough for your needs. Check for additional benefits or discounts, such as safe driver incentives or multi-policy discounts.

Read reviews and testimonials from other truck owners to gauge their experiences and satisfaction. It's also beneficial to consult industry forums or networking groups for recommendations.

By thoroughly comparing insurers, you can make an informed decision that balances cost, coverage, and customer support, ensuring optimal protection for your needs.

Review the Policy Terms Regularly

Regularly reviewing the terms of your policy is essential to maintaining adequate and up-to-date truck insurance coverage. Begin by looking at your current policy to understand its scope, including any exclusions, limitations, and coverage specifics. Life circumstances, business operations, and regulatory requirements can change, making it necessary to adjust your policy.

Mark your calendar with policy renewal dates to prompt a review before automatic renewals. Pay attention to any premium adjustments and ensure they align with your coverage needs. Additionally, update the policy when you buy new vehicles, change driving routes, or modify the nature of your cargo.

Reviewing and adjusting your insurance terms can help you avoid gaps in coverage and ensure that your protection evolves with your business needs, preventing potential vulnerabilities.

Contact us for the Best Prices on Commercial Vehicle Insurance!

We are independent brokers here at American Insuring Group. Our agents shop the market for the best quality insurance rates that match your needs! Call us today at (610) 775-3848 or contact us online for the best truck and commercial vehicle insurance rates!

Landlord insurance provides a safety net for property owners who lease their homes, apartments, or commercial spaces. Unlike standard homeowners insurance, landlord insurance covers explicitly the unique risks associated with rental properties, such as property damage, liability exposure, and loss of rental income.

This article explains what a landlord policy covers, the different types available, and why landlords should view these policies as essential coverage.

What Landlord Insurance Covers

Landlord insurance typically covers three primary areas: property damage, liability protection, and loss of rental income.

• Property Damage includes coverage for physical damage to the rental property caused by fire, storms, theft, or vandalism. It can also cover aspects of the property, like the building structure and any appliances or furniture within the rental unit.
  
  
• Liability Protection shields landlords against lawsuits from injuries or property damage on their rental property. For instance, if a tenant or visitor gets injured due to a maintenance issue, the liability coverage can help cover legal fees and medical expenses.
  
  
• Loss of Rental Income coverage provides financial security. If the rental property becomes uninhabitable due to a covered event, such as a fire or severe water damage, this coverage can compensate the landlord for the lost rental income during the repair period.

Types of Available Landlord Insurance Coverage

In addition to the main types of coverage--property damage, liability protection, and loss of rental income--landlord insurance generally falls into a few other types, each designed to cover different aspects of rental property risks:

• Personal Property Coverage is for the landlord's personal property used to service the rental, such as appliances, tools, or furnishings provided with the property.
  
  
• Emergency Coverage provides financial assistance for immediate repairs to protect the property after a damaging event.
  
  
• Rent Guarantee Insurance safeguards the landlord against tenants defaulting on rent payments. It helps ensure steady cash flow even when tenants fail to pay.

As with many insurance policies, landlords can tailor coverage to meet specific needs.

Common endorsements to consider adding:

• Vacant Property Endorsement covers the dwelling if left unoccupied for an extended period, usually 30 to 60 days.
  
  
• Vandalism Endorsement is a good idea in an area with higher crime rates since insurers might not cover it in a standard landlord insurance policy.
  
  
• Burglary Endorsement can provide additional coverage for stolen items like lawnmowers or snow blowers.

These endorsements will likely increase your premium, but they can offer valuable additional protection tailored to your unique needs.

Essential Coverage for Property Owners

Landlord insurance is essential because it protects property owners from financial loss from property damage, liability claims, and loss of rental income. It ensures that landlords are covered against unforeseen events like fires, storms, or tenant injuries, providing peace of mind and safeguarding investments. Without it, landlords could face significant out-of-pocket expenses for repairs, legal fees, and lost rental income, jeopardizing their financial stability and business.

Contact us for the best rates on landlord insurance!

We are independent brokers, shopping the market to find the best rates on quality landlord insurance designed to meet your needs! So call American Insuring Group today at (610) 775-3848 or contact us online to start saving immediately. 

For contractors, safeguarding their business against unforeseen risks is a wise and critical decision. General liability insurance is a cornerstone of that protection, shielding contractors against many potential legal and financial pitfalls. From accidental property damage to unforeseen bodily injuries on the job site, liability insurance ensures that contractors can navigate their projects with confidence and security.

This article will explore the essentials of general liability insurance for contractors, discussing what it covers, common exclusions, and how contractors can add a layer of protection by bidding on their projects properly.

Coverage Scope

Here's an explanation of the scope of coverage for general liability insurance for contractors:

• Bodily Injury: General liability insurance covers bodily injury claims to third parties on your job site or because of your business operations. For example, if a visitor to your construction site trips over equipment and gets injured, your policy would cover medical expenses, legal fees, and any settlements or judgments arising from the claim.
  
  
• Property Damage: This coverage includes damage to someone else's property resulting from your work. If your construction activities accidentally damage a client's home or neighboring property, general liability insurance would cover the repair or replacement costs and any legal expenses in case of a lawsuit.
  
  
• Personal and Advertising Injury: General liability insurance provides a broad range of protection, including coverage against various non-physical injuries, such as defamation, libel, slander, wrongful eviction, and false advertising.
  
  
• Completed Operations: After a project is finished, issues stemming from your work could arise. For instance, if faulty wiring you installed causes a fire after the project completion, this coverage would handle the resulting property damage or injury claims.
  
  
• Product Liability: Product liability insurance can cover the associated costs if your construction includes using specific products that result in damage or harm after job completion. For instance, if a structural component you provided fails and causes damage, this policy will address the claims.

Common Exclusions

While general liability insurance covers a broad range of risks, it does come with specific exclusions and limitations. Common exclusions include:

• Professional Liability (Errors and Omissions): This would cover disputes arising from professional advice or services.
  
  
• Employee Injuries: Typically, workers' compensation insurance covers these injuries.
• Intentional Acts: Any damage or injury caused intentionally is not covered.
• Automobile Liability: Businesses need separate commercial auto insurance for vehicle-related incidents.

Importance of Project Bidding

Project bidding is crucial since it ensures a clear definition of the scope of work and responsibilities, reducing ambiguities that could lead to disputes. It allows contractors to identify and manage risks, providing appropriate safety measures and insurance coverage are in place.

Detailed bids lead to comprehensive contracts with protective clauses, helping mitigate potential liabilities. Accurate bidding also aids in financial planning and demonstrates compliance with legal standards, building client trust and reducing the likelihood of claims. Effective bidding encourages transparency, risk management, and legal safeguards essential for minimizing liabilities.

Contact Us Today to Save on General Liability Insurance for Contractors

Still have questions? Contact American Insuring Group for the best rates on general liability insurance for contractors. As independent brokers, we shop the market to find you the best deal on quality insurance!

So call us today at (610) 775-3848 or click here to start saving!