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Tag: ActionOver

Understanding Action-Over Claims for the Contractor

Ask a few contractors. They’ll nod their heads in agreement: Contractor insurance seems to cost more and more, particularly in states that side with the laborer. Ask an insurance agent and you’ll get an earful about the causes.

Some state legislature in regard to labor disputes are predisposed to the worker. It’s for this reason that insurance companies will end up paying more in defense and liability costs if there is a worker that gets injured at your site. And it’s for this reason, the premium is higher.

General contractors operating in these places, as well as property managers – among others like them that hire subcontractors – need to think about getting another form of insurance in regard to worker accident liability. While it’s true that this insurance, known as action-over claims, adds to already high premium costs, in the event there’s a third-party injury claim and the commercial … Read More