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Does a contractor have to carry any type of liability insurance for their work?
Wiki User
∙ 13y ago
Absolutely they have to. There are many reason for this. The first is it is required for the state to be licensed and let the state know you are a honest professional and have taken the required classes and have the necessary skills to get the job done. It also protects you and the client if something goes wrong it will be covered.
Wiki User
∙ 13y ago
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What are your options as far as professional indemnity?
It depends on the type of insurance you are looking into as well as your profession some examples are:general liability business insurance and contractor liability insurance, among many others.
What is the cost of general liability insurance for an independent contractor?
It all depends on the overall risk exposure. Without knowing what type of contractor you are and what you annual volume is, there is no way to guess what you might pay for your insurance.
What type of Insurance does and Electrician have to carry if working in the state of Vermont?
Being insured is very importatnt in protecting your business. The type of insurance needed will depend on if you work independently or with a contractor.
What is contractor's general liability insurance?
Contractor's general liability insurance is, essentially, "malpractice" insurance for general contractors. That is, it provides indemnity for a party who has sustained compensable injuries for the negligent act or omission of a general contractor. Like other liability insurance, this type provides a defense to the insured when liability (fault) is contested. That is, part of the insuring agreement provides that the insurer will hire and pay an attorney to defend the insured, investigate the claim, and pay related costs. Generally, these attorney fees and costs are paid in addition to the indemnity benefit. However, some policies provide that they reduce available indemnity benefits,
does contractor general liability insurance protect the contractor from law suits filed against him ?
depending if your a corp. and what type s-corp,LLC.etc.. No they can still file suits against you but it can help with lawyers and payments. No it does not.
Nevada law mandates that all drivers carry which type of insurance?
collision
What is the right insurance coverage for an HVAC service and maintenance contractor?
"Commercial General Liability" is the appropriate coverage policy type for an HVAC service technician or company.
What type of coverage does a self employed hair stylist need?
A self-employed (or independent contractor) hair stylist should have personal liability insurance and a business license.
What is garage liability insuracne?
That is the type of insurance policy that a car dealer or repair shop would carry. Covers their business risks.
What kind of insurance policy do I need to start a construction business?
Most states require some form of contractors liability insurance for contractors to operate a business. It is also in the contractors best interest to have liability insurance to protect against any type of problems which may arise during construction. Liability insurance is also a marketing tool which many customers like to see when choosing a contractor.
Why is liability an especially important type of car insurance?
Liability insurance is an especially important type of car insurance because it covers damages that are your (the driver) fault.
How much is insurance for a contractor in Idaho?
It depends on what type of contractor. Contact a local insurance agent who will be able to give you a quote.
