Definition of Completed Operations Insurance

Completed operations insurance protects against the liability of a contractor. The liability is created by property damages or injuries that a third party may incur following the completion of a project. Completed operations insurance is typically covered under general liability insurance. It mainly protects a contractor against loss. The contractor will be covered should a client suffer a loss or injury and make the claim that the contractor is liable because of their work.

The contracts involve construction products and consumer goods manufacturing. In the case of consumer goods, this insurance may cover poor labeling that led to a problem or a manufacturing defect as well.

 

 

blog comments powered by Disqus