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September 20, 2012

Different Insurance Coverage in Construction Liability




Most construction site employees probably have certain fears and reservations regarding their safety. As such, it is important to know what types of insurance coverage apply to the construction business.

Have a quick read of this list:

Product Liability Insurance. It is a type of a general liability insurance to be owned by any corporation that includes dealing with the customers or individuals in general. This insurance, as part of construction insurance, aids the corporation in the event that any damage to third party property or people is accidentally committed by workers or by the equipment used in construction.

Contractors All Risks Insurance. It is a type of insurance that is customized for construction firms. It basically offers assistance for contractual works of new residences, abrupt stoppage of on-going works of new houses, stealing of construction materials or equipment, or owned or hired plants. Hence, this insurance serves as an aid for the frequently sustained injuries in the construction process.

Employers Liability Insurance. It is a type of insurance that protects employees the most. Employers are liable for the health and security of their employees at construction site. Employers must have the knowledge regarding the condition of the construction area so that quick and effective remedy will be rendered in case the needs arise.

Personal Accident Insurance. It is a type of insurance that is established for the benefit of business partners, managers, or property owners. This is highly helpful in providing assistance during the period for which the injured individual cannot get any income.

Determining liability in construction accident is a difficult business due to the rigid process of litigation plus the possible lack of evidence to prove what or who really caused the accident. The injured party must be careful enough in choosing legal representative so that favorable result will be achieved.

Hire a personal injury lawyer Los Angeles immediately to know your legal rights and get the chance to recover your damages. The compensation that you may receive will most likely cover your past and future lost wages, hospital fee, medicine costs, and pain and suffering.