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Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors

Why General Liability Coverage Alone Isn’t Enough When it comes to construction projects, General Liability insurance is essential but not always sufficient. General Liability typically covers third-party bodily injury and property damage claims resulting from faulty workmanship, but it doesn’t cover the costs to repair or replace the defective work or products. This is where Professional Liability insurance comes into play.  Professional Liability, also known as Errors & Omissions (E&O) insurance, can cover these costs, including situations where faulty workmanship causes only financial losses without any physical damage. For most construction claims, which often involve bodily injury or property damage,… Read More »Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors

Valuables Insurance for College Students

When it comes to safeguarding your most cherished possessions, relying solely on a basic homeowners policy might leave you with gaps in coverage. Most homeowners insurance companies recognize this and offer enhanced protection options such as Basic Coverage, the Valuable Items Plus endorsement, and the Personal Articles Floater. By understanding the differences between these options, you can better determine which level of coverage aligns with your specific needs. Valuable Items Plus: Expanded Protection for Everyday Valuables The Valuable Items Plus endorsement builds upon a standard homeowners policy by extending coverage to personal items that might not be fully covered under… Read More »Valuables Insurance for College Students

Additional Insured Form Comparison

Updated as of August 12, 2024 CG 20 10 (Edition 11/85) CG 20 10 (Edition 10/01) CG 20 37 (Edition 10/01) CG 20 10 (Edition 07/04) CG 20 37 (Edition 07/04) CG 20 10 (Edition 04/13) CG 20 37 (Edition 04/13) CG 20 33 (Edition 04/13) CG 20 38 (Edition 04/13) Note This summary is for convenience only and does not attempt to capture all aspects of the various forms noted. Refer to the endorsements themselves for complete wording. Any review of contractual requirements and compliance should only be done with the assistance of a qualified attorney.