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Are You Protected with Errors and Omissions Insurance?

Errors and Omissions Insurance

The right contractors’ insurance can mean the difference between an effective business and bankruptcy from liability concerns. No matter how safe your practices may be, no matter how careful you are to abide by OSHA standards, accidents happen on the job site. In fact, they happen all the time. It pays to have the right coverage available so that when the unthinkable occurs, you are covered. This includes errors and omissions insurance.

General Liability

General liability insurance should be carried by every business owner. It is, in fact, required by law. Its intended purpose is to protect you from unexpected injuries and accidents that happen on your business premises or as a result of you conducting business. When someone falls off of a ladder, has a car accident in your lot, falls through a wall on the job site, or even accuses you of slander, general liability kicks in.

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There are, however, situations in which general liability does not protect you. This is where errors and omissions insurance becomes so important.

Errors and Omissions

This kind of coverage applies when you employ independent contractors, consultants or advisors who make mistakes and cause you liability issues. If, for example, a consultant gives bad advice to a customer which ends up disastrous, the customer can come back and file suit for it. Having this kind of insurance coverage will protect against litigation and out of pocket settlements.

For example, if you had the option to remove a tree from a property and fail to do so, then the next week a storm knocks that tree over to damage a home, this form of coverage will greatly lessen your liability issues and defend you against the costs of litigation.

Not the Same

At a glance, it can look like general liability is the same thing as error coverage. While both cover you and reduce litigation costs in the case of unforeseen occurrences, this is where the similarity ends. Liability covers contractors whose employees have accidents, or who are faced with lawsuits from others being injured on the business premises or job site.

Errors and Omissions insurance, on the other hand, is specifically tailored to independent consultants, advisors and the like who provide advice and indirect support to job sites. If a worker falls off of a ladder, liability covers it. If a structure collapses because of an architectural defect, error coverage will be necessary. If falling debris hits a pedestrian, you’ll want liability. If a structure collapses because an advisor had you build it on uneven ground, you will need error coverage.

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Prevent Risk and Liability with Masonry Contractors Insurance

Preventing Risk and Liability for Contractors

The construction business is a dangerous one. There are risks for illness and injury at every turn. Any contractor needs to take precautions to mitigate these risks and save themselves great cost in liability, manpower and efficiency. Failure to include the right policies and procedures can cost hundreds of thousands of dollars in fines and damages. Here’s a look at how contractors must be aware of these issues and how proper masonry contractors insurance can protect you, your business and your workers from disaster.

Safety Standards

Maintaining proper safety standards is the first thing a contractor can do to defend against the costs of accidents and injury. Some contractors make the mistake of believing that guidelines put in place by the Occupational Safety and Health Administration (OSHA) are onerous and unnecessary. Nothing could be further from the truth.

OSHA standards are sometimes stringent, but they are important. These regulations are in place to protect workers from harm. Not only are they vital for maintaining safe work conditions, but they are the law. Contracting businesses who fail to obey them can be subject to fines and other censures from the organization.

Equipment Hazards

Heavy equipment such as mixers are a fact of life on masonry job sites. It is vital to ensure that all employees and workers are properly trained and educated in the policies and procedures involving the use of heavy equipment. Safety zones should be established to keep unauthorized persons from the area of the equipment, and only those completely trained and certified should use the equipment.

In all cases, anyone on a work site where heavy equipment and machinery is in use should wear the proper personal protective equipment (PPE). This varies by equipment but could include hard hats, safety suits, gloves, boots or other pieces of protective clothing.

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Hazardous Materials

Hazardous materials aren’t common on masonry jobs, but situations can arise where asbestos, lead and other substances may be encountered. Follow OSHA guidelines in dealing with these substances to the letter. This includes the use of HEPA filters, respirators and other PPE indicated based on the substance that could be encountered. All workers should be properly trained and educated in safety policies and procedures. Regular updates in this training should be scheduled to make sure everyone is always up to date.

Insurance Coverage

No matter how careful you are, accidents happen. The best way to manage liability issues is to carry a proper and complete masonry contractors insurance policy. This can include workers compensation, vehicle insurance, accident and liability insurance, and a variety of other coverage options that may vary from business to business and even job to job. The right insurance can make the difference between helping an injured worker get back on their feet, and going out of business.



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What Kind of Liability Insurance Do Painters Need?

Liability Insurance for Painters

Being a painter may seem like a relatively risk-less job compared to other contractors, but the truth is that painters need just as much protection from liability as any other professional trade. The equipment painting contractors bring in can potentially cause damage to their clients’ home or building while presenting an injury risk to any outside parties who wander on the job site.

Just the nature of needing to enter someone else’s property to perform work puts painters at a liability risk. Cover your painting business from uncertainty and unanticipated disasters by purchasing liability insurance for painting contractors. No matter if you are a specialty painting business, remodelers, a general contractor, a builder or any other type of tradesmen, have your business protected from the problems that can arise during painting.

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General Liability Insurance

The biggest element painters will want to have covered is their general third-party liability. Damage to property is a very real risk any time a painting contractor enters a property with large pieces of equipment. Ladders and scaffolds could easily tumble, ripping up drywall and damaging interior components of walls. Equipment like paint sprayers can sometimes cause electrical shorts in unfinished job sites where electrical systems do not yet have all the needed safety systems in place.

Paint spills are especially a concern. Clients’ carpets and furniture can become soiled in the event of a spill, and when paint seeps under drop cloths the damage only becomes worse. Spare your painting company the cost of replacing an expensive carpet covered in paint boot prints by having the adequate coverage any time you enter a job site.

Injury risks from outside parties are very real, too. A client popping in to see how the color looks on the walls can trip over an extension cord and end up with a broken collar bone. General liability insurance can cover their medical costs in this situation, sparing you from having to pay for the accident out of pocket. Never enter a job site without such protection, or you could be placing your company in a financial hole as a result of one innocent blunder.

Free General Liability Insurance Quote

Commercial Auto Insurance for Painters

Painters have a ton of equipment to lug around, and they often manage it by purchasing vans, trucks or large cars capable of hauling their materials, tools and equipment. Driving these company vehicles on a daily basis means risking a collision. No matter how careful your drivers are, others on the road may cause them to get in an accident where they are somehow viewed as at-fault.

Keep your drivers and your vehicles covered with commercial auto insurance for painting contractors. Your liability costs for damage to other vehicles or injuries to vehicle occupants can be handled through an insurer. Many states require commercial vehicle operators to carry higher liability limits than the minimum, so ensure that your coverage is adequate to protect you from legal costs as well as liability costs.

Workers Compensation Insurance

Liability includes covering your own workers from injuries they sustain on the job. As an employer, you no doubt care about the health, safety and well-being of the laborers that help you earn money. Protect them from the costs of injury by providing them workers compensation insurance. You will also be protecting yourself from legal liability in the process since accepting workers compensation claims in most instances waives that party’s right to legal action.

For all these reasons, liability insurance for painters, painting contractors and construction workers who paint can be an invaluable, if not mandatory product to have. Give your workers and your clients confidence by purchasing these liability insurance products from a trusted provider of contractors insurance.

 

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Stay Protected with Contractor Liability Insurance

Contractor Liability Insurance

Heavy equipment forms one of the largest and most common hazards on any construction site. The potential for accidents and disaster carries heavy contractor liability, especially if staff are not properly trained and qualified in their use. Equipment that moves in such a way as to create potential danger should be locked and tagged to prevent such accidents as amputations, electrocutions, collisions and other potentially fatal events.

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Benefits of Artisan Contractors Insurance

Casual or artisan contractors include such professionals as plumbers, electricians, roofers, carpenters and the like. These are men and women who work in the skilled trades as experts in a particular area. These people have specialized insurance requirements and need coverage that is different than most 1099 employees.

This coverage involves tools and gear that are heavily used and moved about and are not addressed by normal policies. In general, artisan contractors insurance comes in the form of a Business Owner’s Policy, or BOP. Most businesses with whom you contract will not offer coverage for you, so it is important to have your own.

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