19m 8s | 2585 view | 8 rating

https://www.sadlerco.com/industries/builders-contractor-insurance/ Like us on Facebook - https://www.facebook.com/SadlerContractorInsurance/ Follow us on Twitter - https://twitter.com/SadlerBuilder Visit https://www.sadlerco.com/industries/builders-contractor-insurance or call 1-800-622-7370 to get your instant online builder contractor insurance quote and savings up to 38% in less than 2 minutes from our A-rated carriers. John M. Sadler of Sadler & Company Inc. explains general liability for builders and contractors. What is General Liability Insurance for Contractors? General Liability responds to covered lawsuits alleging negligence resulted in bodily injury, property damage, personal injury, or advertising injury to a third party. A third party could be a trespasser, visitor, prospective buyer, employee of a sub, vendor, utility company, neighbor, competitor, buyer, or subsequent purchaser. There are endless scenarios where third parties can be injured and sue builders. Personal injury is defined as committing unintentional slander or libel. An example of advertising injury would be making false statements about a competing builder in your advertising materials. Another example would be infringing on the copyright of another builder by unintentionally using his blueprints or plans in your house design. A major benefit of General Liability is that it covers the legal defense costs if you’re sued. Even if you’re ultimately found not to be negligent, your legal defense costs can easily exceed $50,000 or even $100,000. The policy also pays up to the policy limits in the event that your insurance carrier decides to settle the case or if you go to trial and lose a jury verdict. Need a General Liability Builders Insurance Quote? - Please visit our website at https://www.sadlerco.com/industries/builders-contractor-insurance/and click on get quote now for a free quote indication.