Most contractors have in place commercial general liability (CGL) insurance policies to protect themselves against liability arising out of their work on a construction project. These policies clearly cover certain damage claims – for example, assume a contractor is working on a remodel project for office space. While moving materials, someone loses control of a cart and the cart runs into a woman who was walking in the hallway. The contractor’s CGL policy would generally cover a damage claim such as a claim by the woman to recoup her medical expenses. Similarly, if the cart ran into existing office equipment (not being provided by the contractor), the CGL policy would also cover that property damage.
No comments:
Post a Comment