CONSTRUCTION
INSURANCE

Construction insurance is specialized coverage designed to protect construction projects, contractors, workers, and property owners from various risks. It includes policies that cover site accidents, property damage, liability, and other unexpected events that may arise during construction projects. With construction insurance, you gain essential protections, such as property coverage, liability protection, workers' compensation, and coverage for environmental risks—depending on the policies selected and the needs of your business. 

Construction company insurance can include multiple policies rather than a single form of coverage, allowing contractors to address different risks across their businesses and projects.

Choosing the right construction insurance broker is essential for protecting your business and projects. Here are some key factors to consider:

• Industry Experience: Does the broker understand the unique risks associated with the construction industry? Can they tailor coverage to meet your specific needs?
• Comprehensive Coverage Options: Do their coverage options include professional liability, builders' risk, workers' compensation, and environmental liability?
• Reputation: Are they known for effective risk management and reliable claims support? Do they have extensive experience with specialized construction insurance coverages?
• Policy Coverage: Do their coverage limits align with your business' needs? Are the policy details appropriate for the exposures your business faces?

If your business operates across multiple construction trades, it's crucial to have a combination of insurance policies that address the diverse risks associated with each trade of your business. The right combination of types of coverage can help protect your business, employees, and projects from unforeseen events. 

Construction business insurance may include general liability, commercial property, workers' compensation, commercial auto, inland marine, pollution liability, and other specialized coverage based on your operations. 

Make sure to work with a seasoned construction insurance broker who knows the construction insurance market and can help identify potential coverage gaps across your operations.

Construction insurance has many types of policies designed to protect contractors and any other professionals in the industry. Key types of coverage include:

• General & excess liability
• Builders' risk
• Workers' compensation
• Professional liability
• Commercial auto & trucking
• Equipment breakdown
• Contractor's pollution liability
• Surety bonds
• Commercial property insurance

Having the right combination of these policies can help protect your business from potential financial losses, legal claims, and unexpected incidents. Contact us today to discuss coverage options for your business.

Many risks come with the construction industry, and having the right construction insurance coverage can help your business manage potential financial losses. Construction insurance provides peace of mind, allowing you to focus on your projects without the added stress of unforeseen accidents and liabilities. 

For example, construction general liability insurance can address certain third-party bodily injury and property damage claims, while other policies can address equipment, vehicles, buildings, employees, and projects under construction.

Yes, different construction projects typically have specific insurance requirements based on factors such as project size, location, type of work, and contractual obligations. Owners, lenders, and general contractors may also establish coverage limits or other insurance requirements within project contracts. Reviewing those requirements before work begins can help identify potential gaps.

Construction general liability insurance is designed to address certain third-party claims arising from construction operations. Depending on the policy and circumstances, this may include claims involving bodily injury, property damage, and related legal defense costs. Because construction businesses interact with clients, subcontractors, vendors, and the public, general liability is often a foundational component of a broader construction business insurance program.

Builder’s risk insurance and general liability insurance cover different aspects of a construction project:

• Builders' Risk Insurance – Covers damage to the construction project while it is in progress, including building materials and equipment on-site when covered by the policy.
• General Liability Insurance – Protects against third-party claims for bodily injury, property damage, or legal expenses related to the construction project. This may include on-site accidents, damage to client property, and legal fees.

Many contractors carry both policies because each addresses different construction exposures.

Commercial construction insurance refers to coverage designed around the risks associated with building, renovating, and managing commercial construction projects. Depending on the contractor and project, coverage may include construction general liability insurance, builders' risk, workers' compensation, commercial property insurance, commercial auto, inland marine, pollution liability, and other specialized policies.

Insurance costs vary based on factors such as project size, location, coverage needs, and risk level. The types of work performed, payroll, revenue, claims history, vehicles and equipment, coverage limits, and selected policies can also affect pricing. Because every client has unique insurance needs, we tailor all insurance solutions specifically to you and your business' needs. Contact us today for a personalized quote.