How Does Electrician Liability Insurance Differ From General Liability?

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.

Professional Liability 

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
  • Fire
  • Breach of contract

General Liability

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.

Insurance Policies for Contractors

Contractors are self-employed business men and women who must learn the in’s and out’s of the construction industry. Aside from taxes, insurance is the most complicated aspect of running the business. Here are some of the basic types of contractors insurance policies that any contractor should acquire before beginning a new project.

General Liability

Not specific to the construction industry, general liability is the bare minimum that any business owner should have. It protects from a wide range of accidents and claims made by the general public, including copyright infringement.

Commercial Property

In the same way your homeowner’s insurance protects the place you live, commercial property insurance provides coverage for your place of business. Even if your building itself is not very valuable, chances are that the tools and equipment inside would be hard to replace without coverage.

Workers’ Compensation

Every employee must be covered by workers’ compensation insurance. The specifications of this coverage vary from state to state, but the purpose of the policy is to provide financial resources to employees to compensate for injuries that happen on the job.

By maintaining these contractors insurance policies, you can be sure that your business is protected from devastating financial loss. With coverage in place, you can focus on other important details of your job.

3 Litigation Concerns for Human Resource Professionals

Working as a human resource professional exposes you to a significant number of risks, making professional liability a must-have. Though the financial impact of a lawsuit or claim brought by a former or current employee can be devastating, carrying an HR insurance policy can defray the costs away from you as an individual.

Common Liabilities

While you try to do your best to help employees, hire the right people, and administer benefit plans, you may make a few mistakes. These errors can lead to lawsuits. The following are some of the most common liabilities facing HR professionals.

  1. Errors on employment paperwork: While it is the responsibility of new hires to fill out their paperwork, HR staff are to keep individuals accountable for completing the paperwork in its entirety and turning it in on time. Forms must be kept on file for a minimum of three years.
  2. Hour and wage disputes: Remote employment has made it difficult for employers to ensure compliance with wage and hour laws. Establish clear parameters for schedules and wages, including overtime compensation.
  3. Worker classification errors: There are different benefits and protections afforded to different classifications of workers. Failing to classify the employees can lead to lawsuits over unemployment insurance, disability insurance, workers’ comp, or health insurance.

These are just three of the common litigation problems you may run into as an HR professional. Protect yourself with professional liability insurance.

MCS-90: What You Need to Know

All truckers and trucking companies should know about MCS-90. If a member of the public suffers injuries because of a trucker, he or she may demand compensation. The best way for said person to get compensation is if there is an MCS-90.

The MCS-90 Explained

The MCS-90 is an add-on or endorsement to an insurance policy. This specific add-on only relates to motor carriers or companies that transport cargo. This add-on is for the public. It guarantees that if someone is injured by a truck driver that they will be compensated for the damages. Now, for the MCS-90 to go into effect, the accident has to occur when the trucker is doing business that crosses state lines only.

The Purpose of the MCS-90

If a member of the public suffers an injury due to a trucking accident, the MCS-90 endorsement guarantees that the insurance company will pay for the claim, regardless of why the accident occurred. The purpose of the add-on is to supplement existing liability insurance. As an example, there are some accident causes that insurance companies will not generally handle.

To ensure that victims of truck accidents receive compensation and MCS 90 form can be filled out in addition to an insurance policy. If a trucking company practices interstate commerce, it has to have MCS-90.

Liabilities With Fiduciary Duties

Offering employee benefits is a way to secure the best talent in the field, but these aren’t required for some employers. When federal law requires, companies are bound to meet minimum standards found in ERISA, and failure to do so can result in fines. However, employees can still cause problems for employers that do offer benefits and carrying a comprehensive employee benefits liability insurance policy can help reduce the liability concerns of a suit brought against a company.

Employee Requirements

The federal regulations were established to help protect employees and their contribution to pension plans from company mismanagement, but updates to legislation now require extended healthcare to former employees through COBRA, HIPPA security measures to protect healthcare coverage, and accountability for ensuring more eligibility of coverage through the ACA.

Administration Liability

Through the information presented at, employee benefits liability plans are often endorsements on a general liability policy. It is designed to address the financial concerns that arise from suits claiming errors and omissions concerns with benefits administration. The concerns may include:

  • Failure to enroll an individual in a healthcare plan
  • Failure to designate a plan beneficiary for an employee
  • Misclassifying an employee and denying eligibility
  • Failure to process a payout claims and denying applicability

When an employee sues for damages and the incurred loss, it can devastate a company’s finances. A liability policy provides the resources needed to fight the legal battles and address settlements.