))
How to Protect Your Construction Company From Costly Design Mistakes
Manage episode 486659227 series 3314227
π LINKS
Visit the episode page at for more details and a transcript of the show.
Get Profit First for Commercial Construction--OUT NOW!
βΉ ABOUT THIS EPISODE
This week, Wade and Stephen delve into the importance of professional and design liability insurance for construction businesses. They discuss how this specialized coverage acts as a safety net when expertise is questioned, preventing potential financial disasters.
The conversation highlights real-world examples, state-specific filing limits, and the complexities of insurance claims. They also explain the critical difference between general and professional liability insurance and the importance of meticulous policy review to avoid costly exclusions. This episode is a must-watch for contractors aiming to safeguard their business against unexpected liabilities.
The book is available now on Amazon!
Subscribe to get notified as soon as new episodes go live.
βοΈ In this episode:
- 00:47 Understanding Professional Liability Claims
- 02:10 The Importance of Specialized Coverage
- 04:01 Common Misconceptions and Real-World Examples
- 05:27 Navigating Insurance Policies and Exclusions
- 08:13 The Role of Insurance Agents and Brokers
- 10:48 The Financial Impact of Liability Claims
- 15:31 Final Thoughts and Advice for Contractors
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
Chapters
1. How to Protect Your Construction Company From Costly Design Mistakes (00:00:00)
2. [Ad] Leadership Lessons From The Great Books (00:08:13)
3. (Cont.) How to Protect Your Construction Company From Costly Design Mistakes (00:09:01)
232 episodes
Share
