What To Know About Construction Site Liability
Everyone knows that construction can be a dangerous job, but there are many aspects of construction site liability that you may not be aware of. Understanding the full range of risks will help you build a risk management plan that will allow your construction business to move forward with confidence. Here are several things to keep in mind when evaluating liability risks.
Third Parties May Be Liable
It is common knowledge that construction workers and anyone associated with your business should have insurance coverage. But what happens if an employee suffers an accident due to the actions of a third party? For example, someone from a janitorial crew could leave a slick surface that causes your employee to fall and injure himself.
In this kind of situation, you would need to file a third-party claim against the janitorial company. Whenever an accident happens, ask yourself who is liable.
Take a Holistic Approach to Risk Management
When evaluating liability risks, it is important to consider the problem from multiple angles: the most common types of accidents, the financial estimates for damages, and the safety precautions your business can take to reduce risk.
Having a comprehensive plan to deal with common risks will help you protect your business’s financial future.