Construction is booming around the southwest in both residential and commercial activity. However, with increased opportunity comes the increase of risk for faulty workmanship. Whether it's faulty design, the wrong tile or defective parts, E&O creates a financial risk for contractors.
Acuity's Errors & Omissions (E&O) broad coverage form for contractors helps manage the risk of loss. Their new product provides coverage by removing the requirement that property damage exist to cover claims out of faulty workmanship. Instead, the form covers damages that arise out of a wrongful act. The following are a some examples of classes eligible for coverage:
Air Conditioning Systems
Communication Equipment Installation
Door, Window or Assembled Millwork
Electrical Work within Buildings
Painting - Exterior or Interior
Tile, Stone, Marble work
Please note that eligibility may not be available in all states.
At Rio Grande Insurance Services, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable.
Call us at 505-984-8216or send us a note at santafe [at] riograndeins [dot] com. We want to help you meet your goals, and make sure what's important to you is protected!