Best 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.

User Avatar

Wiki User

โˆ™ 2008-01-22 03:00:52
This answer is:
User Avatar
Study guides

Add your answer:

Earn +20 pts
Q: What is the difference between contractors general liability coverage contractors professional liability and builders risk coverage?
Write your answer...
Still have questions?
magnify glass
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.

How can you find more information about homebuilders?

You can get more information by visiting the Three Counties Builders Ltd website, they have a professional and reliable team, please visit their website and call them.

What enterprises are classified as operative builders?

builders primarily engaged in the construction of single-family houses and other buildings for sale on their own account rather than as contractors.

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.

Where can I find a website with information on professional deck builders?

Depending on your location, you can find various professional deck builders online. Checking online directories for professionals and using search options can be helpful. Yellow pages and Yelp pages also list professional deck builders.

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 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

How much to professional Lego Builders make?

250000000 dollars an hour

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.

People also asked