Insurance policies are supposed to be
in place for that stomach wrenching
time when something goes terribly
wrong. They become the main line of
defense against the unknown and
financial ruin, but this line can be
breached by unanticipated events and
circumstances. Carrying enough insurance
should be standard practice in the
construction business, but the time to
discover any holes in the coverage is
before the crisis hits.
Setting high policy limits is not
enough. The bigger danger is in not
being covered at all for things you
never even thought could happen.
Let's take a look at some of the more
common gaps in insurance coverage,
and what you can do to close them.
If you're a