Items Tagged with 'liability'

As a restoration contractor, your work is filled with unpredictable environments and high stakes. Learn about the essential insurance coverage types you need to safeguard your livelihood and protect your business from costly claims and lawsuits. From general liability to cyber liability, make sure you have the right policies in place.

Discover the key differences between business insurance and general liability insurance and learn how each can protect your restoration business. Ensure your subcontractors have the right coverage to shield your company from financial risks and comply with industry standards.

This essential coverage safeguards against environmental risks, including mold and hazardous materials, encountered during cleanup projects. Explore the key components of pollution liability insurance, from clean-up costs to non-owned disposal site coverage, and learn how to secure the right policy for your business needs.  

Florida Association sees lawsuit dismissed, ABC wins in court, and IICRC is included in legislation.

Here are some of the options for a restorer to advance their environmental, health, and safety knowledge and gain certification.

How to get free insurance from the vendors that work for you as well as tips on how to avoid becoming an insurance company of last resort.

In response to an explosion of “toxic mold” claims in 2000-2001, the insurance industry acted in unprecedented unison to universally get rid of all claims related in any way to mold. They didn’t stop at just excluding claims from mold; they threw bacteria into the exclusion as well.

“When restorers allow insurers to make major changes to prices and scopes of work, it creates a serious risk that policyholders will end up with something less than what restorers believe in their professional judgment are the best methods to return properties to their pre-loss condition.”

How is the adjuster to know if you handled the job like Stan in a Van or a top-shelf company? The answer is documentation. The problem is that too many restorers don’t understand the mechanics of how to put together a good file that properly supports the invoice. They expect the adjuster to simply take their word for it.