Blair Koorsen is the business development manager at RBN Insurance policy Expert services and Jeff Greenhalgh is an insurance advisor at RBN Insurance coverage Solutions. Opinions are the authors’ individual.
Insurance policies carriers check out several construction companies and contracting businesses as large-hazard. Immediately after all, quite a few building personnel and contractors are exposed to hazards, such as falling from rooftops, functioning with heavy machinery, becoming hurt by construction machines, electrocutions and exposure to silica dust and asbestos. And statements involving contractors can acquire several years to do the job by way of due to the fact of the intricacies of contracts, indemnifications and allocating liability among different get-togethers.
Even though the commercial insurance plan current market is in a tough cycle proper now and insurance rates are on the increase for most traces of coverage, one line of coverage that can offset expanding insurance policy costs
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