Is a $1 Million Insurance Limit Enough for Your Project's Actual Risk?

A $1 million insurance limit can sound like a lot — but is it enough for the actual risk?

That depends on the work being done, the contract requirements, and the potential exposure. A contractor painting one office wall is very different from someone doing roofing, excavation, electrical work, or a large commercial project.

When reviewing a Certificate of Insurance, don’t just ask, “Is there a limit?”

Ask, “Is this the right limit for this risk?”

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