Subcontractor Liability
General contractors have liability insurance to protect them from claims for bodily injury or property damage caused by their negligence. Most liability policies only protect you from your own negligence, not your subcontractors. It’s possible that you could get sued, and wind up having to pay for the consequences of someone else’s negligence.
When you hire a subcontractor to do work for [...]
Flood Insurance
Flooding is the Nation’s number one natural disaster. Because homeowners’ insurance does not cover damage from floods, FEMA offers federally backed flood insurance through the National Flood Insurance Program (NFIP). In many low-to-moderate risk areas, single-family homes and businesses are eligible for reduced-cost Preferred Risk Policies (PRP’s).
Areas behind levees that are accredited as protecting against [...]
The NFIP and Levees
There are thousands of miles of levees in the United States that affect millions of people. Levees are usually earthen embankments that are designed and constructed in accordance with sound engineering practices to contain, control, or divert the flow of water so as to provide protection from temporary flooding. However, no levee provides full protection.
FEMA [...]
Insurance That Fits Your Needs
Determining exactly which type of insurance policy is required for your property, business or vehicle can be bewildering. Many people are unsure as to which policy they actually need, how much insurance they should have, or knowing exactly what is covered. It’s not easy because insurance policies can be complex and use wording that can be [...]