What type of insurance protects a contractor against claims for bodily injury or property damage caused by the contractor's operations?
Correct Answer
A) General liability insurance
General liability insurance covers third-party claims for bodily injury and property damage caused by the contractor's operations, products, or completed work.
Why This Is the Correct Answer
General liability insurance covers third-party claims for bodily injury and property damage caused by the contractor's operations, products, or completed work.
More NASCLA Questions
Which AIA document contains the general conditions that govern the rights and responsibilities of all parties in a construction contract?
A construction company has direct labor costs of $85,000, direct materials of $120,000, and overhead costs of $45,000 for a project. What is the total job cost?
What is the primary purpose of job cost accounting in construction?
A construction company has current assets of $350,000 and current liabilities of $280,000. What is the company's working capital?
In CSI MasterFormat, which division covers earthwork and site preparation?
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In CSI MasterFormat Division 08, which of the following would typically be included?
On a mechanical plan, what does the symbol 'RTU' typically indicate?
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A masonry crew's productivity is measured at 150 square feet per day per mason. If 2,400 square feet of brick veneer must be installed in 8 working days, how many masons are required?
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A contractor purchases materials for $15,000 in a state with 8.5% sales tax. The materials are used on a project where the contractor will charge the client $25,000 for materials markup. What is the contractor's net cost for materials?