General Contractor Insurance
Employer liability insurance is generally present in workers’ compensation policies. This form of liability insurance protects the employers against employee claims for accidents resulting from alleged employer negligence. Normally, employees do have the right to statutory benefits. Yet, there are instances when employees can file a lawsuit against their employers. An employer who is overtly negligent can be sued by his employees. Added to that are cases where the employer had the dual responsibility of the employer and the manufacturer. If one of his products is to cause harm to his employee, then the latter can sue under what is called the doctrine of dual capacity.
Lately, employer’s liability insurance has become a lot more important, resulting in sharp rises in premium costs. One of the major issues over the years has been cancer claims from employees who are working with asbestos on a day-to-day basis and also in environments that have smokers. Such instances have spawned new policies to guard against any liability that could be put on the employer by the employee from injuries the latter could sustain during the course of his employment.
In several states, insurers are not allowed to include conditions in their policies such as that look at imposing unreasonable conditions precedent to liability. Also, the insured are required to take precautions or comply with prevailing regulations. In countries where such type of insurance is not obligatory, it can be disastrous for smaller companies, who are liable to go bankrupt when faced with such claims.
Liability Insurance [http://www.e-liabilityinsurance.com] provides detailed information on Liability Insurance, General Liability Insurance, Professional Liability Insurance, Pollution Liability Insurance and more. Liability Insurance is affiliated with Short Term Disability Insurance [http://www.i-disabilityinsurance.com].
How to become an insurance approved construction contractor?
I am running a virtual office for a new Construction Company. Along with defining the company image, I need to help them network. What is the process for becoming an insurance approved construction company? Should I just begin by contacting each company on an individual basis? Or is there a site for general information? Thank you.
Becoming a “preferred contractor” for an insurance company can be tricky business. I would suggest the following.
Network with local agents (not claims depts) in your area first. The best source of insurance jobs (regardless of whether you are insurance company approved or not) is from the local agents. When most people have a claim they have no clue what to do next or who to have fix the damages. They normally turn to their agent for guidance. Network with the agents dirst, do good work then they can be used as a reference when you network/market to the insurance companies themselves.
Join every construction and insurance association that you can. Search the net for associations in your local area and start there. This is where the adjusters and claim managers can be met and networked. Meeting face-to-face will be very important as claims people are a skeptical group by nature and they will want a face to put with the name.
Try joining websites such as claimsmentor, claimspages, claims portal, claimspages, claimsrep etc.
Be insured, licensed bonded or whatever else your state requires. No insurance is going to let an uninsured contractor touch any of their claims. This is very important.
Good Luck.
Dan Yates, Jr 2010 SIR Award Presentation by Associated General Contractors Georgia Branch
