Construction is a profitable commercial field, but there are numerous risks involved in completing projects. The common sources of worksite hazards include the construction materials, equipment and even the land under development. If you do not obtain the right insurance policy, you might find yourself in financial pitfalls. For example, if workers or worksite visitors sustain injuries, your company might have to provide compensation. On the other hand, civil contracting insurance can be expensive to purchase.
First time owners of rental property may not know how important it is to get landlord insurance cover because they think they do not need it since they do not live in that rental property. However, there are very many risks that landlord insurance covers. This article discusses some of those risks that you would be protected from if you have landlord insurance.
How sure are you that your tenant or his/her visitor will not sue you for damages if they slip and fall on an unstable staircase?