General Liability insurance
A typical type of insurance taken out by professionals in the construction industry, General Liability insurance can protect your business against bodily injury or property damage lawsuits from outside parties.
Regardless if an accident is your fault or not, if the accusation is true or false, you can experience peace of mind knowing that you are protected with General Liability insurance. The coverage may help protect you architect or engineering business against claims covered by paying the defence costs and any damages up to the selected limit of your policy.
Business Owners Policy
The Business Owner’ Policy (BOP) is a packaged insurance solution designed to protect your architect or engineering business against the typical risks it may be faced with each day. The BOP product can be tailored from a selection of various different types of coverages to suit the specific requirements of your architect or engineering business.
The types of insurances included with the BOP product can be different but usually include the standard types of insurance coverages to protect against things like property damage, business interruption and liability. The attractive feature of the BOP product is how it can be customized to suit what your business needs protection from the most.
Workers compensation insurance
Not only are you busy managing the needs of your clients, but you also need to consider protecting your employees if something were to go wrong. This is where Workers Compensation insurance comes into play.
It is sometimes referred to as workman’s comp or workers comp, this type of coverage provides protection for your employees if they were to suffer a work-related illness or injury.
These are some examples of the benefits a workers compensation insurance provides to your employees when they make a claim against your workplace for injury or illness include:
- Medical care
- Replacement of lost wages when taking time off to recover
- Funeral costs paid for if they were to pass away
- Disability support costs