The Business of Construction
Why Most Construction Contractors Are Paying Too Much for…
What you need to know about paying too much for insurance
One of the things every smart company must have is insurance, it’s simply the cost of doing business. Why do we need it? It’s simply to protect you by reducing the risk to a company if something goes wrong. Most contractors have general liability, worker’ compensation and some commercial auto insurance. When you purchase an insurance policy, the underwriter of the policy will have a range of questions that helps the underwriter understand how risky your organization will be to insure. The underwriter is the company that will guarantee payment in case of some damage or loss, they take on the financial risk for liability to your company. Read more “Why Most Construction Contractors Are Paying Too Much for Insurance”
