Insurance policy is one of the most important factors that need to be considered while starting a business or any firm. There are various policies which provide you protection from unexpected situations like accidents.

1. Get familiar with insurance
policies to drive your firm safe
http://californiabusinessliability.com/

2. Get familiar with insurance policies to
drive your firm safe
Insurance policy is one of the most important
factors that need to be considered while starting a
business or any firm. There are various policies
which provide you protection from unexpected
situations like accidents.
Contractors who work in the construction site
should follow safety norms and standards to
avoid workplace accidents, damages and injuries.
Despite of taking care of these situations,
accidents do occur and where a contractor’s
liability insurance takes a crucial
role to help the contractor in providing protection.

3. Get familiar with insurance
policies to drive your firm safe
Contractors General Liability Insurance is one
among many types of insurance policies which is
used as a safeguard against liability caused by
injury and damages. Contractors General Liability
Insurance is a policy chosen mainly by
contractors who do a variety of work within a
specific
type of construction or remodeling for coverage
in the construction and building trades. It covers a
series of issues from accidents to negligence and
oversight.

4. Get familiar with insurance
policies to drive your firm safe
This policy provide security for the owners or
operators of the firm from any claims and some of
the factors include contractual liability, liability
from accidents or liability caused by a worker who
is employed by the contractor.
This policy also covers public liability insurance,
employer’s liability insurance, personal insurance,
machinery insurance and contractors all risks
insurance. Public liability
insurance provides protection from any third
party which claims against the business.

5. Get familiar with insurance
policies to drive your firm safe
It covers claims when employees or subcontractors are held accountable for any injury or
damage caused to the third party for defective
products. If an employee suffers physical injury or
death while working and it is proved that the
injury or death occurred due to employer's
negligence, Employer’s liability insurance is used.
Machinery Insurance provides protection against
any type of loss or damage to most of
machineries and equipments used in the
construction industry like cranes etc.

6. Get familiar with insurance
policies to drive your firm safe
This insurance will not only benefit you from
lawsuits and cover lawyer bills but can also
protect the employees who work under you from
accidents as well. If you are planning to become
a contractor, you need to ensure that sub
contractors you hire also have contractor’s liability
insurance or at least general liability insurance.
Your risk of liability will be reduced and even
insurance rate will lessen if your sub contractors
withhold insurance. A general contractor will not
be responsible or liable for the sub contractor's
mistakes.

7. Get familiar with insurance
policies to drive your firm safe
However, if the sub contractor has a lawyer who
has enough knowledge can find a way to seize a
general contractor liable for negligence. This is
the most important point where liability insurance
becomes imperative for everybody.
Source :
http://www.californiabusinessliability.com/Bus
iness.html