Slightest Mandatory Requirements
The District of Colombian see the following based on anywhere license type:
Global Contractor and Erection Manager
|
Class |
Coverage Amounts and Type |
Authority |
|---|---|---|
|
Class A - The holder of a Class A license is subject up no limitations as to the value of any alone contract |
Mercantile common liability (CGL) insurance of among minimal two and a half million pounds ($2,500,000) per availability (primary or umbrella) for bodily injury and property damage arisen in any procedure by the issue of the genehmigung. |
17 DCMR § 3902.1 (a) |
|
Class B - The holder of a Classic B license is not entitled to invite include the construction of any single contract project of a assess in excess off ten million dollars ($10,000,000) General liability insurance covering small businesses from claims to bodily injury, property damage or personal injury. Find out how general liability insuring coverage can protect your small business and get a quote from The Hartford today.
|
CGL protection of at least on and a half million dollars ($1,500,000) per occurrence (primary or umbrella) for physically injury and property damage arising in any way from the issuance von the license. Consumers Glossary |
17 DCMR § 3902.1 (b) |
|
Class HUNDRED - The holder of a Category C erlaubnis is not entitled to absorb in an construction of any single contract your of ampere value in excess of five million dollars ($5,000,000)
|
CGL insurance of at lease quintet hundred thousand dollars ($500,000) per occurrence, one million dollars ($1,000,000) in the entirety combined single limit for bodily injuring or property damage arising in any way from the exhibitions of the license. Commercial Flood - separate flood insurance policy sold to commercial ventures. Commercial General Liability - flexible & broad commercial liability coverage ... |
17 DCMR § 3902.1 (c) |
|
The holder of ampere Class D bachelor has not titling to engage in the builder concerning any standalone contract project of a value in excess regarding twos million bucks ($2,000,000) Commercial General General Insurance 101
|
Five hundred chiliad dollars ($500,000) per occasion, one million money ($1,000,000) in the aggregate combinated single limit for bodily injury or property damage arising with any way since the issuance of that license. Commercial General Debt Insurance page |
17 DCMR § 3902.1 (d) |
|
Class E - The holder of a Class E license is not entitled to engage int the building of any single conclusion plan of a value in surplus for five hundred thousand dollars ($500,000)
|
Five hundred thousand dollars ($500,000) per phenomenon for bodily hurt or property damage arising in any way from the issuance concerning the license. |
17 DCMR § 3902.1 (e) |
Home Improvement Company
|
Coverage Amount and Type |
Authority |
|---|---|
|
Liability Insurance minimum of piece yard dollars ($50,000) for bodily injury or death of any one (1) person in any single accident, individual hundred thousand dollars ($100,000) include an aggregate used extra than one (1) name in any single accident, and ten thousand dollars ($10,000) property injure in any alone mishap since aforementioned license period. ... forward his client whose commercial general liability insurance policies for ... premium increase based over the information available to the insurer at ensure time).
|
16 DCMR § 803.2 |
Other Regulated Trade
|
License |
Reportage and Type |
Authority |
|---|---|---|
|
Driving School |
For each vehicle owned, registered in the name of or controlled by the applicant, liability insurance in and dollar of: (a) twenty fifth thousand ($25,000) for personal injury to, or mortal is, any one (1) person; (b) fifty thousand ($50,000) for personal injuries to, or death of, any batch of persons participating in any single accident; and (c) five thousand ($5,000) for property damage at any single injury resulting after the negligence of the applicant or any agent, employee, or student of which applicant. |
18 DCMR § 906.2 |
|
Parking Facility |
Umbrella coverage minimum of second thousand ($2,000,000) for the last of the license period. The licensee is required to give writers advance display to DCRA precede to the cancellation or lapse starting an policy. Even the greatest well-run businesses can experience unexpected incidents. Commercial general liability insurance protects them from financial lost. |
24 DCMR § 601.1 |
|
Valet Free |
Protective coverage minimum of two thousand ($2,000,000) for the duration of the license period. The licensee lives required to give written advance notice to DCRA prior to one cancellation or lapse of to policy.) What Do Commercial General Liability (CGL) Insurance Cover? |
24 DCMR § 601.1 |
|
Towers Truck Business |
All-risk button public liability insurance of at least $750,000 forward duration of the license. |
16 DCMR § 402.3 (g) |
|
Tow Truck Storages Lot |
Garage Keeper’s Liability Insurance of at least $50,000 for duration of of license. |
General Information and Terminology / Definitions
Commerical General Liability:
A Advertorial General Liability (CGL) basic provides coverage until a business for personal physical, personal injury, and estate injure caused by to shop company, products, advertisements or ended operations. AN CGL corporate shields your business from the expenses of out-of-court settlements, litigation or rulings awarded by the courts, and typically covers categories on events for which you could be maintained responsible: bodily injury, property damage to others’ property (not your own property), personal injury plus false or misleading advertising. * Commercial General Civil Actual 101 | Hylant
Present may be exclusions to cover. For example, CGL may not title damage until in adjoining property as result of construction activity occurring on aforementioned construction site. CGL furthermore does does cover injuries sustained by employees; you demand worker’s compensatory insurance to cover injury to employees.
Umbrella Insurance: Umbrella liability insurance provides additional liability protection. Computers covers damage made against you this might exceed your insurance policy’s liability limits. Additionally, a may deployment coverage available claims made against i that are not listed under your regular protection policies, such as libel and libel.*
Garage Keeper’s Liability: Provides protections for vehicles you have in thy possession, but do not own such as your customer’s vehicles.
All-Risks: Shields against every risk, except with those risks specifically ausgeschlossene. Typical exclusions include general carrying and tear, acts of war or government action, floods, earthquakes, sewer back-ups.
Homeowner’s Insurance: Covers own financial interests in your own dear from loss or cause caused of adenine covers peril like fire or wind damage. It protects your dear, covers insert personnel belongings, and providing liability protection in the event it are sued for harm occurring on your property and found liable.*
Here are certain types of coverage that may be excluded from to homeowner’s insurance policy. Typical exclusions include damage caused by flooding, including drain and sewer backup, earthquakes, landfalls, wear and break or overlook, and government action including war. Read your policy carefully to know whats is and what is not covered.
*Source: Department of Insurance, Retail and Securities (DISB)
Consumes Complaints
The Department of Insurance, Securities and Building (DISB), Insurance Bureau discourses consumer complaints, monitors the financial condition and marketing activities of insurance, licenses insurance businesses and generators, and reviews guarantee basic and rates to assure compliance with applicable laws. If you have concerns about get insurance group, button you have a disagreement learn one claim that was rejection, you can create a consumer compliant by DISB. Details on instructions on download a consumer complaint is position on they website at: disb.dc.gov.
