Every individual that works in a professionÊcan be held liable for mistakes. You can't transfer professional liability to avoid responsibility or costs.
The customer pays the contractor, and the contractor pays the sub-contractor. The sub-contractor does the work but the contractor remains responsible for ensuring that the work is done prompptly and correctly. The contractor ensures that all legal requirements for the work are met, and that the sub-contractor hasan appropriate amount of liability insurance, in the event that something goes wrong and horrible law suits result.
The reason companies need pollution insurance is because no other insurance policies will cover damage and remediation costs resulting from pollutants you use during your business operations. Lots of companies use pollutants but some have a lot more pollution liability risk including general and artisan contractors, dry cleaners, abatement contractors, manufacturers, automotive companies, etc. Example: Painting contractor leaves a gallon of paint on sidewalk and it gets kicked by a runner, the paint seeps into a storm drain. Not covered by general liability.
You need to be more specific, vehicle companies? travel insurance companies? something else?
The major types of insurance in the construction industry areInsurance of the works, Plants &Equipmentagainst lose, damage etc also called contractor's all risk (CAR) insuranceThird party insurance (insurance against third party property damage or lose)Workers compensation insuranceProfessionalindemnityinsuranceRarely some countries like in the middle east have decennial insurance (for period of 10yrs after construction)
This depends on several factors, including where you're located & your claim history, who the insurance company is, their coverage form and their overall experience with your type of operations, whether you currently have coverage, your training, your specific operations, coverage limits, deductible and more. Your insurance agent can give you a quote specific to your situation.
Traditionally the contractor provides the Insurance. The owner verifies that the contractor has insurance prior to hiring that contractor.
There are several companies that offer IT contractor insurance. Hiscox, Markel UK, The Indemnity Brokers and Contractor UK are amongst the few that offer it.
A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.
A contractor typically needs a Commercial General Liability Insurance Policy. If the contract includes professional services, then the contractor will likely be required to carry Professional Liability Insurance, either in addition to, or in place of a CGL policy. It really just depends on the nature of the services contracted.
Contractor insurance can be purchased through the Aegis, Nationwide and Progressive insurance companies. Also, both the Contractors Insurance business and organization sites offer aid on the subject.
State Farm
It is not a requirement but having a good professional liability insurance policy in place will give you more credibility in your industry. If you are an accountant in the employ of another then you should not have a need for a professional liability policy. If you work as a self employed or a contractor you should carry coverage. Many companies will require you show them your insurance before they will grant you contract work.
Professional liability insurance is something that people who are doctors or special physicians need. You can sign up for this at professional insurance companies like State Farm.
There are a number of contractor liability insurance companies and but not a specific one listed under that name. One company that offers this insurance is Tech Insurance and their address is 1301 Central Expressway South, Suite 115, Allen, Texas.
Not likely, Doubt any insurance agents or companies that would want to be bothered with by the job policies.
There are many companies that offer liability insurance. Some companies are State Farm and All State. You can get quotes for all of these companies online.
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.