Construction and contracting are capital intensive investments. Risks may arise resulting to legal actions that may lead to big losses. You are liable to a law suit whether the accident occurs on your premise to a third party or on a contract you did for a client . With contractors general liability insurance California citizens can shields themselves against losses that may arise in case of liability claim suit.
Contractors general liability insurance policy in California is recognized to protect your assets from being used as collateral in case a court rules on settlement. If you have this cover it shields your assets from being used to settle a claim from a third party. This claim may arise if a said person got injured in your property or the work you did on a premise harmed them.
Your work force is responsible for undertaking most of the actual construction and contracting putting them at direct risks. This therefore means that a third party may take them to court for claims of injury. However, with the this cover they have not worry. As an employer you should also have a workman compensation cover for your employees. This covers their medical cover which is not covered by the general liability policy.
The purpose of this cover is to safeguard you against losses that may arise due to a lawsuit. It ensures that you do not lose any business by taking care of the court fees and even covers for business that may have been lost during the trial. It importantly takes care of the settlement bill that the court may arrive at. You do not have to worry about your business shutting down because of a third party claims.
Most people do not completely trust insurance especially when it comes to claims settlement. This is why it is important that you understand your policy and what it can and cannot cover. The insurance agent should explain to you clearly about the policy. All the details pertaining to the claims that can be covered must be clearly indicated.
There are several claims that the policy should cover. The damage property claim is one of them. It deals with case whereby a third party accuses your work of damaging their property or business. The policy however does not cover remodeling contractors since the building being worked on is not originally theirs.
Another important policy is the medical expense claims. It covers medical expenses for a third party who may be injured at your property. Immediate medical attention is advisable in such cases as they save on the trauma and extra costs that may arise from other claims. Your insurance company would rather cover the medical expense than be involved in court battles.
Completed products claims and a personal advertising and injury claim cover should also be detailed in the contractors general liability insurance cover. Completed products covers your finished works while the later deals with copyright infringements and branding claims. For a peace of mind all contractors in California needs a general liability policy.
Contractors general liability insurance policy in California is recognized to protect your assets from being used as collateral in case a court rules on settlement. If you have this cover it shields your assets from being used to settle a claim from a third party. This claim may arise if a said person got injured in your property or the work you did on a premise harmed them.
Your work force is responsible for undertaking most of the actual construction and contracting putting them at direct risks. This therefore means that a third party may take them to court for claims of injury. However, with the this cover they have not worry. As an employer you should also have a workman compensation cover for your employees. This covers their medical cover which is not covered by the general liability policy.
The purpose of this cover is to safeguard you against losses that may arise due to a lawsuit. It ensures that you do not lose any business by taking care of the court fees and even covers for business that may have been lost during the trial. It importantly takes care of the settlement bill that the court may arrive at. You do not have to worry about your business shutting down because of a third party claims.
Most people do not completely trust insurance especially when it comes to claims settlement. This is why it is important that you understand your policy and what it can and cannot cover. The insurance agent should explain to you clearly about the policy. All the details pertaining to the claims that can be covered must be clearly indicated.
There are several claims that the policy should cover. The damage property claim is one of them. It deals with case whereby a third party accuses your work of damaging their property or business. The policy however does not cover remodeling contractors since the building being worked on is not originally theirs.
Another important policy is the medical expense claims. It covers medical expenses for a third party who may be injured at your property. Immediate medical attention is advisable in such cases as they save on the trauma and extra costs that may arise from other claims. Your insurance company would rather cover the medical expense than be involved in court battles.
Completed products claims and a personal advertising and injury claim cover should also be detailed in the contractors general liability insurance cover. Completed products covers your finished works while the later deals with copyright infringements and branding claims. For a peace of mind all contractors in California needs a general liability policy.
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