152 Mineola Blvd.

Mineola NY, 11501

Phone

1-800-649-9094

152 Mineola Blvd.

Mineola NY, 11501

Phone

1-800-649-9094

Contractors Insurance FAQs

What is Contractors General Liability Insurance?

General liability provides protection against two types of financial loss arising out of a lawsuit against the company. First, it covers damages awarded to a third party because of injury or damage for which the insured is legally responsible, including loss of use of property claims. In addition, General Liability Insurance covers the cost of defending the insured against the charges alleged in the suit, including attorney fees, investigation costs, and other legal expenses.

Contractors Insurance FAQs

What is a hold harmless agreement?

In a hold harmless agreement, one party (the indemnitor) promises to reimburse, and in some cases defend, the other party (the indemnitee) against claims or suits brought against the indemnitee by a third party. The purpose of the hold harmless is to transfer the risk of financial loss from one party (the indemnitee) to another party (the indemnitor).

What is an additional insured?

Construction contracts frequently require contractors to add other parties to their liability policies as additional insureds. It is a second layer of protection for the contractual indemnity agreement. Additional insured can submit claims directly to the insurer without first filing a claim against the named insured.

What do I do if I have a claim?

If a claim occurs immediately, contact your agent or broker. They will then ask you a series of questions regarding the claim. Try to gather as much information as you can.

Are employees covered under personal injury in a General Liability Policy?

Employees have no coverage with respect to injuries sustained by the named insured, its partners or members, or to another employee or volunteer.

What is a Certificate of Insurance?

A Certificate of Insurance is a document which shows the insureds name, liability limits, effective dates of the policy and also the brokers name and address. This form is often requested from clients in order to show proof to insurance or from villages and towns in order to full permits.

What is Contractors Workers Compensation Insurance?

Workers Compensation Insurance provides certain payments to an employee who suffers an on the job injury due to an accident or occupational discase.

If I am a sole proprietor, do I need Contractors Workers Compensation Insurance?

Contractors Workers Compensation Insurance is not required if you have no employees. You can exclude yourself from Worker’s Compensation by obtaining a waiver of Subrogation.

Contractors Insurance FAQs

If you need assistance in securing workers’ compensation insurance, disability insurance and other types of contractors insurance, contractorsinsurance.org is the premium service to use. We can help you find excellent, reliable coverage for the right price. For more information about workers compensation insurance check out our Workers Compensation FAQ’s or call one of our contractors insurance specialists at 1-800-649-9094 today.

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