Protect Your Business with Contractors Insurance and Bonds

Contractors Insurance and Professional Liability  (CPL) protects contractors against claims of errors, omissions, or negligence related to their professional services. While general liability insurance covers physical injuries and property damage, CPL specifically covers financial losses resulting from mistakes in design, planning, or project management.

1. Errors & Omissions (E&O)
   
   • Covers mistakes or oversights in work that lead to financial loss for a client.
   • Example: A contractor miscalculates load-bearing requirements, causing structural issues.

1. Negligence in Professional Services
   
   • Protects against claims of faulty advice, failure to meet industry standards, or poor project management.
   • Example: A construction manager fails to ensure proper waterproofing, leading to leaks and costly repairs.

1. Design-Build & Construction Management Errors
   
   • Covers design flaws or miscalculations when a contractor provides both design and construction services.
   • Example: A design-build contractor installs the wrong type of insulation, causing energy inefficiencies.

1. Legal Defense Costs
   
   • Pays for attorney fees, court costs, and settlements if a contractor is sued for professional negligence.

✔ General contractors involved in project planning
✔ Design-build firms (contractors providing design & construction services)
✔ Construction managers and consultants
✔ Trade contractors providing specialized services (HVAC, electrical, structural)

• Covers financial losses, not just physical damages.
• Protects against lawsuits from project errors or mismanagement.
• Many clients, especially in large commercial projects, require it.

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