Umbrella insurance extends the scope of a general liability policy’s coverage.
For instance, let’s say a general liability policy covers damages up to $2 million and an umbrella liability policy covers damages up to $10 million.
On the off chance that there was a $8 million dollar guarantee.
The overall strategy would cover first $2 million while the excess $6 million from the case would be covered by the umbrella arrangement.
Workers’ Compensation: All of the enrolled contractors or subcontractors on the project are covered by workers’ compensation insurance.
Cars, vans, trucks, or other specialty vehicles used on the construction project are covered by commercial vehicle insurance against liability claims and damage to property.
