Masonry Magazine September 1966 Page. 5
insurance for contractors
SECOND EDITION
Revised to include the new policy forms and entirely neu material on:
* Contract Bonds
* Architects' and Engineers' Professional Liability
* Contractors' Equipment Floaters
* Builders' Risk Insurance
* Employee Benefit Liability
* Uniform Hold-Harmless Clauses
* Composite Rating
by
Walter T. Derk
Assistant Vice President
FRED. S. JAMES & Co.
Insurance Brokers and Consultants
Since 1858
INTRODUCTION TO SECOND SERIES
Response to the first series of articles on insurance was overwhelming. MASONRY is again pleased and honored to have this opportunity to provide you with this authoritative document which through its simplicity, provides the reader with a basic understanding of the fundamentals of insurance.
Again, our purpose is to:
1. Outline basic hazards and insurance coverages commonly available to protect against them.
2. Summarize standard policy conditions, the more important limitations and exclusions.
3. Review policy extensions available to improve the basic contracts.
4. Explain briefly the process of experience rating and premium determination.
5. Illustrate Retrospective Rating Plans, their advantages and disadvantages.
6. Discuss some of the Surety Bonds regularly required of contractors.
Our purpose is not to:
1. List all pertinent exclusions in detail. To do so would require use of the same diffuse terms and clauses found in the insurance policies themselves.
MASONRY September, 1966
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