Contractors Insurance No Comments

General Liability vs. Total Liability Coverage

The terms General Liability and Total Liability sound like exact synonyms. In the insurance industry, they are two completely different things.

Contractors purchasing a policy will definitely need some form of general liability coverage, but they may also want to extend that coverage with a higher policy limit. Total liability coverage adds to the total allowed sum of claims for not just general liability policies, but potentially for other coverage like worker’s compensation and commercial auto insurance. For this reason, total liability policies are often called “umbrella policies” since they increase the amount of coverage for several types of claims at once.

Still confused? Read on to learn more about the specific differences between general liability and total liability coverage. Read more

Contractors Insurance No Comments

Tips for Lowering Insurance Costs

Carrying contractors insurance is a necessity, but it does not have to be an expensive one. In these days where budgets are tight and people are looking to cut costs wherever they can, insurance premiums can be an excellent place to start “trimming the fat.”

Many policyholders are paying for coverage they do not need, or they have not taken the time to ensure that they are getting the best deal possible. Here are some aspects you can look at for opportunities to make your premiums cheaper: Read more