Skip to main content
Monthly Archives

July 2024

Average Cost of Construction Insurance: Breaking Down Business Insurance Costs | Average Cost of Construction Insurance | HMD Insurance

Average Cost of Construction Insurance: Breaking Down Business Insurance Costs

By Directors & Officers and Management Liability

Understanding the average cost of construction insurance is important for any business in the construction industry. This type of insurance helps protect your business from risks like accidents, property damage, and legal claims. Knowing how much you might pay for this coverage can help you budget better and make informed decisions.

Read More
image of constructors

What is Professional Indemnity Insurance in Construction?

By Directors & Officers and Management Liability

Professional indemnity insurance is a crucial component in the construction industry, providing essential protection for builders and professionals offering their services in the field. It is designed to safeguard individuals and companies against potential financial losses resulting from a breach of professional duty, omission, or errors in the provision of professional services or advice.

Read More
image of letters on a paper spelling health insurance

Top Health Insurance Options For Gig Workers in the Gig Economy

By Directors & Officers and Management Liability

The gig economy has completely changed the way people work, offering flexibility and autonomy. However, this new way of working also brings unique challenges, particularly when it comes to health insurance. As a gig worker, you may not have access to traditional employer-sponsored health insurance, leaving you to navigate the complex world of individual health insurance plans.

Read More
damaged building

Who is Responsible For Latent Defects in Construction?

By Directors & Officers and Management Liability

When it comes to construction projects, there are many factors that can impact the final product. One crucial aspect is the presence of latent defects, which are hidden flaws or defects that are not immediately apparent. These defects can be caused by a variety of factors, including poor workmanship, inadequate materials, or design errors. As a result, they can lead to significant financial losses and even put the safety of occupants at risk.

Read More