What would you like to do?
As an estimating consultant how do you get General Liability coverage in multiple states?
What is the difference between contractors general liability coverage contractors professional liability and builders risk coverage?
Answer Builders Risk - 1st Party coverage for a building under construction - covers the Property - building & materials. Contractors GL - Covers your exposure for… causing Bodily Injury or Property Damage with exceptions. Covers you acting in your capacity as a contractor only, for example, kids playing on the job site fall in a uncovered trench. A GL policy would respond on your behalf. It would also respond to a claim such as one of your employees accidentally damages the plumbing in a building & causes water damage. Professional Liability covers professional services such as design work, site assessments & the like. Any contractor that does any sort of design work needs a Professional Liability policy in case they make design errors. The GL policy specifically excludes this.
What does primary and non contributing really mean in regards to general liability insurance coverage?
Answer . \nIt means that whoever states their insurance is Primary, it's really Primary regardless of who is at fault. For example, the subcontractors insurance is usually …primary over the GCs insurance. This means that if the sub has a claim and in all reality it's the GC's fault, but the sub listed their insurance as primary, then the subs insurance is paying first no matter what.\n. \nPrimary means just that, the insurance listed is PRIMARY, regardless of fault.\n. \n. \nwww.mac2insure.com
Minimum limits are 25/50/10 but you should really consider 100/300/100 or higher.
Answer UM (uninsured motorist) coverage is not required in all states that require liability coverage. However, UM is an important coverage in auto insurance because it… steps in and pays for your bodily injury (medical expense, lost wages, and pain & suffering) when you are injured by a hit-and-run, uninsured driver, or irresponsible driver who carries low liability coverage on their auto insurance. In another word, UM is a coverage for you and people in your car guarding against the risk of irresponsiblly insured drivers - and there are a lot of them out there.
What is the average annual cost of professional liability insurance for consultants for a million dollars in coverage?
No way to answer this ratings are dependent on too many factors contact a few agents and request quotes.
GL requirement for businesses No - they are not exempt - there really is no requirement for General Liability insurance such as there is in some states for auto i…nsurance. To my knowledge there are no general laws that require any company to carry General Liability insurance. There may be local or state laws that require proof of insurance to access privileges, such as being licensed to conduct business in a town or state. Many entities require proof of coverage such as customers, lienholders, mortgagees, licensing entities (city, state, business, professional licenses), and many more. I do not believe there is a blanket "law" or requirement that applies to all business entities. In practical fact, it is the stakeholders in and around any business that "require" insurance to make the risk of doing business with the entity one that is somewhat controlled. Auto warranty companies may be only selling a promise to provide a service through another entity - the dealer or repair shop - and therefor try to advise an unhappy customer that they don't need insurance, i.e. go see the entity that was to provide the maintenance/repair. That does not mean the warranty company does not have insurance; most probably they carry both General Liability and Professional Liability. It is most likely they carry a VERY high deductible and REINSURE the rest and are probably part of a Risk Retention Group which further reinsures the exposure.
Does a commercial general liability policy also provide excess vehicular liability coverage beyond the coverage in the driver's separate mva policy?
No. A commercial liability policy specifically excludes liability arising out of the ownership, maintenance or use of a motor vehicle.
Answer All states either require insurance or proof of financial responsiblity.
Absolutely - contact a local independent agent or broker. I've actually insured several sharpening services in my local area over the years. You'll want to request cover…age for "broad form property damage" to remove the exlusions in section J (ask the agent to explain the CCC issue - if he/she can't explain then find another agent, quickly...) and you may want to consider some sort of "bailee" coverage, to protect you if anything happens to the property of others in your custody (such as theft).
LIABILITY COVERAGE Refers to coverage for liability that an individual has if he or she should negligently injure another person or another person's property.
A professional insurance agent is qualified to help you determine what limit you need. Excess liability or umbrella coverage can provide high limits at a price that is s…ubstantially lower than your general liablity coverage. You should consider buying this coverage to increase your coverage limits.
Is there Coverage for owners and or supervisors if sued by employee under the general liability policy?
The answer would depend on what type of suit you are concerned with. For example if you are concerned with an employee suing because of wrongful termination or sexual ha…rrassment this is not something covered under a standard unendorsed General Liability Policy. Some General liability policies will cover this but is is usually a defense only coverage and is very minimal. If this is they type of suit you are concerned with you will need to purchase and employment practices liability policy. Some of the policies can be very affordable depending on the nature of the business and the number of employees.
The insurer's general undertaking in most liability policies is to pay those sums that the insured becomes legally liable to pay as damages because of bodily injury or propert…y damage to which the insurance applies. The insurer also undertakes to defend the insured against any suit seeking those damages for bodily injury or property damage to which the insurance applies (which means that the insurer hires an attorney and pays related attorney's fees and court costs). These coverages are included under Coverage "A" of the Commercial General Liability policy (hereafter, CGL). Coverage "B" provides protection for personal and advertising injury (distinct from "personal injury"). Coverage "C" provides medical payments coverage for an injured person . There are many exclusions to the coverage provided in the standard CGL policy, which must be filled by endorsements or speciality policies in order for the insured to have truly comprehensive coverage.
Federally defined acts of terrorism which cause physical damage to your property.
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work… with your broker to understand what insurance coverages your company needs and why.
Depends on the country, state and local regulations that the business is established in
Under the Insurance Services Organization's standardized Commercial General Liability coverage, personal injury and advertising injury are coverages that are triggered …when an intentional action committed by the insured has an unintentional outcome resulting in injury to another party. The following offenses are covered under personal injury and advertising injury: a. False arrest, detention, or imprisonment; b. Malicious prosecution; c. The wrongful eviction from, wrongful entry into, or invasion of the right of private occupancy of a room, dwelling or premises that a person occupies, committed by or on behalf of its owner, landlord, or lessor; d. Oral or written publication, in any manner, of material that slanders or libels a person or organization or disparages a person's or organization's goods, products, or services; e. Oral or written publication, in any manner, of material that violates a person's right of privacy; f. The use of another's advertising idea in your "advertisement"; or g. Infringing upon another's copyright, trade dress, or slogan in your "advertisement."