If you are an electrician, you may have wondered whether there is a specific type of electrician liability insurance, or whether general liability will do. Here is an explanation of what professional liability covers, and how it differs from general liability insurance.
While there is no policy specifically named electrician’s liability, professional liability coverage is tailored to the unique needs of the policyholder. It is also known as errors and omissions insurance because it protects you when someone claims you made a mistake. For an electrician, the incidents covered include things such as the following:
- Electrical shocks
- Breach of contract
General liability is less customized than a professional liability and is appropriate for anyone who works with the public. It is always a good idea to have it because you never know what kind of claim someone might bring against you, and the resulting bills you might have to pay. Types of incidents covered by general liability include the following:
- Injuries at your place of business or related to your equipment
- Copyright infringement
- Property damage
Discuss with your insurance agent the risks you face each day at your job. That way, he or she can help you select the liability coverages that best protect you.
Restaurants face increased risks in certain areas depending on the specific business model they operate under. It is crucial that anyone managing a food service establishment understand those risks and how to manage them. Research into what liabilities are covered with restaurant insurance shows that the right insurance package can offer protection and help manage risks such as these.
SAfe food handling and storage can prevent many types of food-borne illnesses. However, someone may still get sick after eating at your restaurant. Any liability insurance should offer protection in the case of a claim.
All sorts of equipment and machinery can lead to severe injuries in a commercial kitchen. In addition to a liability policy, restaurants should carry workers’ comp coverage to help offset costs associated with work-related injuries.
Fire and Smoke Damage
Ovens, fryers, grills, and cooktops are all potential sources of fire and smoke. While some can be contained, others are capable of destroying entire buildings. Without the right restaurant insurance, a fire could easily lead to catastrophic losses.
Improper Licensing and Permits
All food service establishments need to have proper permits and licenses in place to operate. The sale of alcohol adds another layer to the equation. Restaurant insurers are aware of the necessary steps to take and can help you develop a risk management plan to ensure proper operational procedures are followed.
Restaurants face many risks, but many of those liabilities are covered with the right restaurant insurance.
The complexities of liabilities associated with construction projects add confusion to the processes of securing insurance for a job. The advisors at https://www.sboneinsurance.com recommend that you know the difference between builder’s risk vs property insurance in order to give your project the best protection. Having a builder’s risk policy can be the difference between a successful risk management approach or a devastating loss.
The nature of property insurance is somewhat limited in light of the construction activities that might be occurring. The scope of property damage is limited to incidents of theft, fire, and weather damage to existing structures and items belonging to the property owners. A construction site presents new elements that would need coverage.
When construction is occurring, there is an assortment of equipment, materials, and vehicles that belong to contractors and subcontractors on the property. A builder’s risk policy covers the loss associated with damage to these items in the event of vandalism, theft, fire, or weather damage. It also covers the unfinished project or structure with the plan being in effect from the date the work begins to the day when work has been completed and the property is available for use.
The details of coverage for each policy are unique to what the property owner, contractor, or bank requires. Additional endorsements and inclusions can be tailored to meet specific risks such as weather vulnerabilities in areas that may be prone to flooding or wind damage.