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In this guide, we break down the key coverages every apartment building owner needs, highlight common claims, and show you how to offer tailored solutions that keep your clients protected in an ever-changing market. Generalliability : Covers the costs of fighting litigation plus covered damages that might come from it.
However, it will not be covered for liability claims under a Builder’s Risk policy since that policy is not designed to cover the contractor’s operations, such as poor workmanship or negligence. Instead, a contractor’s operations liability should be covered by a separate Contractor’s GeneralLiability policy.
We’ll outline the projects we cover and risks we address, equipping you to protect your clients’ investments in Alabama’s expanding construction market. Our program also offers your clients generalliability insurance, which can help cover legal costs that can occur on work sites.
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? – Is there a high level of professional liability in your operations? How much coverage do you need to fully protect your assets? – Do you handle sensitive customer data?
What Risks Does Distinguished’s Builder’s Risk Insurance Protect Against? Distinguished offers protection against: Acts of God : Such as weather events that are beyond human control. Premises liability claims : Legal expenses and liability coverage related to any injuries, including trips and falls, that occur on the site.
This means complete property protection in the event of damages from: Extreme weather events Vandalism Theft Fire Beyond property damage, Distinguished also offers coverages for: Generalliability Soft costs Mold and fungus Off-site materials in transit How Much Does Builder’s Risk Cost in Michigan?
And regarding coverage, if the named insured is the builder, or there is a relationship between the named insured and the builder, in that capacity we would exclude generalliability coverage. It not only protects the program, but also the reputation with both our carrier partners and customers.
We’ll explore the wide range of projects covered, from single-family homes to commercial buildings, and examine the comprehensive coverages that protect your clients’ investments. Property and Liability products are distributed through a national network of agents and brokers.
GeneralLiability, Umbrella Insurance Doesn’t Apply to Copyright Infringement At Distinguished Programs, we stress the need to discuss this exposure with your clients and reiterate that they will not be protected in a lawsuit. Property and Liability products are distributed through a national network of agents and brokers.
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