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Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? General Liability Insurance.

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Understanding the Essential Insurance Requirements for Construction Projects

Building Radar

Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. Common Types of Construction Insurance General Liability Insurance (CGL) Commercial General Liability (CGL) insurance is essential for both general and trade contractors.

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6 Dangers Of Falling Debris In Construction Sites

Construction Marketing

Whoever is responsible for breaching their duty of care should compensate for the injuries. If the construction company fails to keep the site safe, they could face liability. Construction workers can be injured by any material, especially if they fall from a great height. The Dangerous Nature Of Falling Debris.

Site 156
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Phase l Assessments for Tenants are the Hottest Environmental Issue in 2020

Green Building Law Update

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Liability 156
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I Just Read my 1000th Phase I Environmental Site Assessment this Year

Green Building Law Update

The Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA, commonly referred to as Superfund), 42 U.S.C. provides an important liability protection, including from cleanup costs, for parties who qualify as bona fide prospective purchasers (BFPPs). 9601 et seq., 9601 et seq.,

Site 156
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Phase l Environmental Site Assessment Standard Being Revised

Green Building Law Update

Environmental Protection Agency as satisfying its All Appropriate Inquiry rule to obtain protections from liability under CERCLA, the federal Superfund law. 9601) and petroleum products.” Importantly, the ASTM E1527 is recognized by the U.S. The ASTM E50.02 A de minimis conditions is not a recognized environmental condition.”.

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