Professional Liability Insurance
Professional Liability Insurance is needed for a variety of industries, where the failure of the persons of the company to adequately provide a service can open the corporation to legal action. Anytime a service is being rendered in Arizona, professional liability exists. This can cover insurance for Event Planners, Web Designers, Property Managers, Community Associations, Media, Management Consultants and many more, in cave creek and any other Arizona city.
To help decrease your insurance risk factor, you can employ a number of preventive measures, such as drug testing, certifications and training, good project management and team coordination, all these thing prevent the insured from ever needing the policy. Lowered claims will result in a lower premium, and the saving can be quite substantial over time.
Contractors require a level of insurance beyond other industries. Their safety procedures can mean life or death for their employees, and this must be insured against the possibility of a catastrophic accident.
There are different types of Arizona insurance for contractors, including bonding insurance, which covers insurance on a contractor performance bond, or warranty bond. There is also workers compensation, the same as with other industries, but contractors tend to work hand in hand with their carriers to keep premiums in check, since it makes up such a large portion of payroll expenses.