Contractor Liability Insurance Bc. Such insurance shall remain in full force and effect until all conditions of the contract have been fully complied. Their professional liability insurance provider would pay the expenses.
Employee or independent contractor factsheet. Join over 100,000 businesses that have trusted us! Unfortunately, some mistakes such as those made by a construction company can become costly liabilities if they negatively affect a customer.
Tips On Shopping For Contractor Insurance.
Save up to 35% on your insurance. For example, if your cover has a limit of $500,000 and you happen to lose a lawsuit where the plaintiff is claiming $600,000 then the additional $100,000. The act does not apply to independent contractors.
A Contractor Insurance Policy Can Give You The Peace Of Mind And Protection You Need To Focus On Your Job.
Workers must not provide any details regarding insurance coverage or claims. This means you would be responsible for them as their employer and you would be required to pay premiums for their worksafebc coverage. Contractors liability insurance provides small business owners like you with protection for property damage coverage, medical care for bodily injury to lawsuits and other financial liabilities that can result from elements like accidents or other mishaps.
Employee Or Independent Contractor Factsheet.
Get your customized liability insurance policy today. With professional liability insurance in british columbia, the construction contractor has no need to stress either way because they can go to court, hire defense, and pay damages without taking money from the business. Commercial general liability insurance may cover you against claims for injury or property damage to others arising from your contractor or construction activities.
Whether You’re A Roofer, Plumber, Electrician, Or General Contractor, You Need Protection From The Liabilities You Face Regardless Of Your Contract Requiring It Or Not.
We help contractors find the best coverage. If your business hires contractors, it is important to know that some contractors may be your workers. If one of your subcontractors ends up damaging a 3rd parties property as a result of the work they are doing, you could be held liable for the damages, as you were the one who hired them.
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For example, if improper maintenance of the construction site damaged the neighboring building or injured someone, or if an electric, gas or water line is damaged during digging operations, you may be. If you are an employer that hires other “workers” to work for you, you may be required to register for worksafebc coverage for your workers. Check your homeowner’s policy for details concerning injuries on your property before beginning any project.