Am I Covered?
by Patricia A. Ayars
Unfortunately, many contractors
don't check their liability insurance
coverage until there is an injury or
property damage on the job. When
the contractors do contact their
insurer, they are often surprised to
find they're not covered. In this era of
high jury awards for personal injuries,
this could mean the end of a good
contracting business. So, it's
important to understand the basics of
your liability coverage. Let's start by
looking at the standard coverage
available, using three basic questions
as a framework:
Who caused the injury?
How did the injury or damage
happen?
Who or what was injured or
damaged?
Standard Coverage
The standard liability policy states
that it will: "pay on behalf of the
insured all