Contractor insurance with general liability coverage will cost, on average, $142 per month. Rates can be affected by multiple factors, such as the type of coverage a contractor purchases, the number ...

Are Contractor Insurance and General Liability Insurance different? The short answer is yes. Contractor Insurance refers to a bundle of policies that are specifically relevant to contractors and ...

Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...

A subcontractor hired by a general contractor (GC) for a construction project has a certain scope of work, usually spelled out in a contract between the two. Included may be safety responsibilities to ...

One of the many, many things that makes construction different than other industries is that the product being paid for generally isn't just handed over at one time in exchange for a check. Most of ...

The construction industry is a risky field to work in. The hazardous construction materials, sharp objects, steep drops and heavy equipment make it difficult for contractors to work hassle-free.

When a subcontractor causes property damage on a jobsite during the course of construction, the typical knee-jerk reaction by the general contractor and the owner is to insist that the subcontractor’s ...

XL Group plc's (NYSE: XL) North America Construction and Surety units today unveiled CapAssure, a collaborative solution to address performance risk on private construction projects using elements of ...

In an important recent decision, New Jersey joined a growing number of states holding that Insurance Services Office’s (ISO) 1986 comprehensive general liability (CGL) policy extends coverage to a ...