People who live in glass houses should have insurance (in addition to not throwing stones). So too should your construction project.
The risks inherent on a construction project are many and varied, ranging from property damage to personal injury to pollution remediation costs, and wise contractors and project owners know that one of the best ways to mitigate these risks is through insurance. So, here’s a primer on what you need to know about insurance on construction projects.
Commercial General Liability Insurance (CGL)
What it Covers:
- Property damage.
- Bodily injury.
- Personal and advertising injury (e.g., libel and slander).