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The contractor may not be able to qualify for jobs, as most principals require proof of insurance as a condition of the contract; this is especially true for public sector jobs.
If the contractor is responsible for damage to the property owner or others who would otherwise have been within the ambit of coverage, the contractor would him/herself be liable for the damages if At Fault. Further, if sued, the contractor would be liable for the payment of his/her own attorney's fees and court costs to defend the suit. In contrast, one of the benefits of general liability insurance is that the insurer pays all or most of the reasonable costs of investigation, court costs, and hires and pays an attorney to defend the insured.
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What happens when a general contractor is not a general contractor in your state?
That means he is an unlicensed general contractor. He has not set up a bond or registered with the state licensing board. Complaints in your state would not be readily available.
What happens if insurance companies cannot agree liability?
Typically they would arbitrate the matter.
What happens if the other driver in an accident denies liability?
Never admit to liability in an accident. Exchange your details and let the insurance companies deal with it.
What happens in a hit and run and you have uninsured motorist in your liability insurance?
Liability only protects you from claims, UM is almost always only for injuries only. If they caused the damage, you have to track them down and make a claim against their insurance if they have any and you can find them. Check with your agent, we can only provide general answers that apply to most people in most states.
What is liability insurance?
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.
What happens if a person cant get auto insurance?
In many or most states not having liability is against the law. No insurance and you drive illegally, or you do not drive at all.
What is vehicle liability insurance?
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.
What happens when the contractor starts thereting the homeowner that they are going to sell the homeowners personal property that the contractor put in storage?
When the general contractor makes a threat to a homeowner, about selling all the homeowners personal property, that the contractors have in storage. And the contractor has not finished the repairs on the homeowner's house. Can the contractor sell their property?
What liability insurance would you need for a warehouse in a rose business?
You would need property coverage and building personal property coverage specific to your industry. Being a florist, you have to account for what happens if the cooling system goes down and you lose your inventory. If you have clients coming into your location you need general liability insurance as well. Feel free to contact me at sjolton@bbandt.com to discuss further and/or get a quote.
What happens if the business does not have liability insurance?
If a business does not have liability insurance, it could face significant financial risks. Without liability insurance, the business would have to pay for any damages, lawsuits, or legal expenses out of its own pocket. This can potentially bankrupt the business or result in asset seizure. Additionally, without liability insurance, the business may struggle to attract customers or clients who prefer to work with businesses that have this coverage.
What kinds of things does my homeowners liability insurance cover?
When you own a home you are libl for nything that happens on your property. Homeowners liability insurance covers you in the event someone i injured on your property. Homeowner's liability insurance covers the homeowner in the event that someone gets injured while on their property. It covers medical bills and other expenses for guests if something happens to them while at your home.
How do you find out if a homeowner has liability insurance?
If it's a case like where the owners dog bit someone, they will be reluctant to reveal this information. When that happens, you best bet is to hire a private investigator who has access to the insurance industry insurance databases.
