Construction Subcontractors Access High Limit Liability Insurance Secrets
Types of High-Limit Liability Insurance
Subcontractors can choose from various types of high-limit liability insurance, each tailored to different needs:
- General Liability Insurance: Covers third-party bodily injury and property damage claims. This is essential for subcontractors who work on-site and interact with clients and other contractors.
- Professional Liability Insurance: Also known as errors and omissions insurance, this covers claims related to professional mistakes or negligence.
- Umbrella Insurance: Provides additional coverage beyond the limits of existing liability policies, offering an extra layer of protection.