Top Answer
User Avatar
Wiki User
Answered 2008-01-22 03:00:52

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.

User Avatar

Your Answer

Still Have Questions?

Related Questions

Do new home builders need to have a license to perform work in Pennsylvania?

Builders do not need a license to work in Pennsylvania, although there are professional requirements required by the Department of Transportation for professional contractors.

Where can builders get public liability insurance?

Builders can get a public liability insurance from Builders Insurance and Builders Liability Insurance. Both of these organizations will provide builders with online quotes.

What does builders liability insurance cover?

Builders liability insurance protects builders from laws suits. If damage happens while the builder is working on a home it protects him should the homeowner decide to sue. It also protects the builder in the event an employee should injure themselves and decide to sue.

What is the leading and most reliable construction directory in the Philippines?

BUILDERS DIRECTORY PHILIPPINES the longest running most comprehensive and annually updated directory of Builders, Contractors, Suppliers and Professionals.

What is the difference between contractor's liability and general liability?

A contractor liability policy is simply a general liability policy built for a contractor, to cover their unique risks depending on the type of work they perform. Construction insurance doesn't follow standard insurance forms or rate filings and is frequently non-admitted depending on the risk.When you are going to buy insurance you can tell them you need contractor liability or general liability for your contracting company and they are going to come up with the same thing. Since the policies usually aren't standard issue, make sure the broker discusses your companies common claims and how that specific liability quote would respond to them.AnswerContractors Liability is a contract of insurance tailored specifically for those undertaking contracting work. i.e house builders etc. These contractors are usually employed under a specific construction contract that stipulates what insurance is required and who is responsible for arranging this.As with many contracting jobs, you will usually find there are a number contractors involved i.e Company building a new housing development you would have a ground worker digging the foundations, Builder building the shell of the house, roofer putting the roof on, plumber installing the plumbing and decorator completing internal decoration. With so many tradesmen involved a specific contract is necessary. Coverage under a contractors policy differs also. There are additional items that may need insurance such as the works being constructed (i.e the house) materials being used, tools and plant used. Also the contractors liability to the hirer for any plant hired. A general combined liabilty policy can cater for tradesmen but is purely Employers and Public Liability only and does not extend to include any other covers.

What has the author C L Pasquire written?

C. L. Pasquire has written: 'Builders quantities for contractors' management'

Does liability insurance cover construction mistakes?

Liability insurance covers third party lawsuits resulting from a contractors operations. This includes parties injured by faulty construction and also property damage resulting from faulty construction. Liability insurance DOES NOT cover the contractors property that is "their work" which needs to be covered by builders risk insurance. Construction insurance policies are complex so make sure you work with a construction insurance broker to get quotes and understand what you are buying. Policies can be written to exclude types of work, certain projects, certain types of claims, and prior work performed.

How did the South Africa people build their homes?

Bricks, concrete, builders, contractors etc like anywhere else in the world

Who are the actual builders of target stores?

Licensed General Contractors in different states. Target issues a request for bids, contractors submit bids, and are awarded contracts for construction. Target has a real estate arm that manages construction activity, property management, etc.

Does a builders risk policy provide liability?

It depends if the builder's risk policy is just for property or for property and liability. You can have a builder's risk policy, which includes general liability. If the insured is owner of the building, the general liability exposure is the cost of the project and will classes under subcontractor.

Does an 1987 motor work in an 86 Suzuki Samurai?

Realistically there is no difference between all the g13a engines, 1985-1989. You should have no problem at all. Check out g13b.com you will see that they, as professional engine re builders, see no difference.

Will your insurance cover you if you use uninsured builders who damage neighbors tree?

No. If you choose to use un-insured contractors then you are proceeding at your own risk.

Where can one go to get builders liability insurance?

One can go to a local insurance company to get an insurance liability for builders. To find out which place is the nearest, one can look up local addresses and contact information at any one of the following websites: Bldrs, Constructa Quote, Housing Zone and NSM Inc.

Who would build a knight's house?

Depending on the time, the place, and the importance of the knight, a knight's house could be built by serfs, by professional builders, or, mostly likely, by a mix of the two. The professional builders would include stonemasons, carpenters, carvers, and thatchers, among others.

What is the best way to connect professional home builders with a new Habitat for Humanity affiliate?

The best way to connect professional home builders with a new Habitat for Humanity affiliate is to go to www.habitat.org. Another good site is www.hbact.org/displaycommon.cfm?an=1&subarticlenbr=88

What is Builders risk insurance?

Builders Risk Insurance is a commercial Lines Policy Form Obtained by Contractors and Home Builders to cover their Construction related Risks.

What foundation job opportunities are available in Florida?

There are many jobs available laying foundations in Florida with any number of reputable contractors and builders. You should inquire at these establishments.

What is decennial insurance?

In France, the Civil Code gives a legal system for decennial liability: There are the articles 1792 & 2270.This liability concerns all the builders (the contractors, the architects, the engineers and the manufacturers) and it applies to all types of construction works.It is a strict liability for ten years from practical completion.This liability targets structural or non-structural defects if works are "unfit for their intended purpose".In addition, there is a guarantee of two years from practical completion of the works for building equipment defects.The French insurance Code says that this liability must be insured by a compulsory insurance for building works, called 'dommages ouvrage'.Moreover, all developers and owners must also take an insurance policy for the decennial damages. This coverage is called 'responsabilité civile décennale'.

What do architects build?

Architects are not builders, they are designers. Their designs are built by contractors, who use the architects' plans and schematics to create homes, office buildings, schools, and other types of structures.

Who builds patios?

Lots of people do. Google search, "Patio Builders" Landscaping contractors also build patios. These patios come in concrete, brick, pavers, flagstones etc. You can also ask contractors to build a covered patio. This may be a pergola or ceiling/roof type of cover.

Are there any bathroom contractors in the Detroit area that guarantee their work?

I found a link that has the information that seems to be most able to answer your questions. Try this link, www.detroit-contractors.com/security.asp . Many builders and contractors are in desperate need of work in the Detroit area. If you make that part of your contract you can get your work guranteed.

Types of insurance in the construction industry?

Please see attached link that has policies typically purchased by contractors, you can click on each one for an understanding and introduction on each one.The insurance basics for a new construction company areGeneral LiabilityWorkers CompensationBuilders Risk/Installation FloatersTools and Equipment PoliciesCommercial AutoBondingChris Larmore - Parenti Insurance

What is an installation floater policy?

Often confused by non insurance specification writers to mean liability coverage against faulty installations by contractor and artisans and mechanics, it is a policy written to cover equipment and machinery and tools used by such contractors whilst installing their machine,equipment and various other property on jobsites and the floater aspect is that the equipment/tools etc travel from place to place to be re-used and or re-supplied to the next location of services. It is not liability insurance nor is it builders risk as it applies to movable property vs Real property items. It is an essential part of any contractors,artisans or mechanical rigger or installers portfolio of requisite coverage needs.

What training do carpenters receive?

on-the-job training and formal education. Most employers recommend an apprenticeship, but the number of available programs, usually administered by local chapters of Associated Builders and Contractors

Still have questions?

Trending Questions
Do potatoes have genders? Asked By Wiki User
Who was Anna Kreisling? Asked By Wiki User
Unanswered Questions
Does arsenio hall have ms? Asked By Wiki User