Is your construction insurance program keeping pace with today’s new challenges?

Working in the construction industry has inherent risks, and in today’s unique environment, there are even more considerations. A quality construction insurance program can safeguard against accidents, property damage, liability claims, and unforeseen setbacks that could derail a project. Our construction insurance advisors specialize in tailoring insurance portfolios designed to protect your business, employees, and investments. And they understand the unique challenges you face today and can recommend solutions to help mitigate them.

Whether you’re a contractor, builder, or developer, our construction insurance professionals are here to help you navigate the complexities of the construction insurance market, so you can focus on what you do best: building with confidence. 

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CONSTRUCTION 
INSURANCE

Our construction insurance team understands your 
unique risks and will customize a quality program

Protect Your Business

  • Commercial general liability 
  • Commercial umbrella and excess
  • Commercial property insurance
  • Builders’ risk
  • Pollution liability
  • Equipment breakdown
  • Inland marine
  • Cyber liability
  • Contractual liability insurance
  • Commercial auto and trucking

Protect Your Employees

  • Workers’ compensation
  • Employment practices liability
  • Directors & Officers
  • Errors & Omissions
  • Medical and dental insurance
  • Life, disability, and long term care
  • 401(k) plans
  • Payroll & HR solutions
  • Safety consulting

Protect Your Clients

  • Bid bond
  • Performance bond
  • Completion bond
  • Maintenance bond
  • Payment bond
  • License and permit bonds
  • Fidelity bond
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The World Difference

World’s construction insurance team has more than 30 years of experience customizing risk management programs for general contractors, structural construction companies, new building construction, land subdivision companies, and highway, street and bridge construction companies.

The depth and breadth of our industry carrier partnerships allow us to secure the most comprehensive coverages available in the market at the most competitive rates and terms. Plus, our personal customer service model ensures you have an exceptional customer service experience from the first conversation about your program to the support you need should you have a claim in the future.

EXCEPTIONAL SERVICE EXPERIENCE

  • Current plan review and consultation
  • Exposure identification and analysis
  • Coverage and cost analysis
  • Loss control services and safety training
  • Inhouse claims advocacy services
  • White-glove customer service experience
  • Direct access to your construction insurance team

EXCEPTIONAL SERVICE EXPERIENCE

  • General Contractors
  • Heavy Contractors
  • Trade Contractors
  • Civil Contractors
  • Environmental Contractors
  • Equipment Operators
  • Highway, street, paving & bridge construction
  • Water/sewer line construction
  • Commercial & Residential builders/remodelers
  • Construction Managers
  • Carpenters, Electricians, Commercial Roofers
  • Subcontractors
  • Specialty Trade Contractors
  • Professional construction service firms
  • Developers and Owners
  • Manufacturing & Heavy Industrial

FAQ ABOUT CONSTRUCTION INSURANCE

What is 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 – ensuring your project remains secure from start to finish. 

What should contractors consider when comparing construction insurance brokers?

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

  • Industry Expertise: 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 policies include professional liability, builders’ risk, workers’ compensation, and environmental liability?
  • Reputation: Are they known for effective risk management and reliable claims settlements? 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 comprehensive enough to protect against all potential risks? 
What type of insurance coverage is best for a business that operates across multiple construction trades?

If your business operates across multiple construction trades, it's crucial to have a combination of insurance policies that cover the diverse risks associated with each trade of your business. The right combination of coverages will protect your business, employees, and projects from unforeseen events. Make sure to work with a seasoned construction insurance broker who knows the construction insurance market and can ensure you have a robust package that protects all facets of your business. 

What are the different kinds of construction insurance available?

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

  • General and excess liability
  • Builders’ risk
  • Workers’ compensation
  • Professional liability
  • Commercial auto and trucking
  • Equipment breakdown
  • Contractor’s pollution liability
  • Surety bonds

Having the right combination of these policies protects your business from potential financial losses, legal claims, and unexpected incidents. Contact us today to find the best coverage for your business.

Why do I need construction insurance?

Many risks come with the construction industry, and having the right construction insurance coverage safeguards you and your business from 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.

Do different construction projects have specific construction insurance requirements?

Yes, different construction projects typically have specific insurance requirements based on factors such as project size, location, type of work, and contractual obligations. 

What is the difference between builders’ risk insurance and construction liability insurance?

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

  • Builder’s Risk Insurance – Covers damage to the construction project while it is in progress, including building materials and equipment on-site.
  • General Liability Insurance – Protects against third-party claims for bodily injury, property damage, or legal expenses related to the construction project. This includes on-site accidents, damage to client property, and legal fees.

Many contractors carry both policies to ensure full protection of their business.

How much does construction insurance cost?

Insurance costs vary based on factors such as project size, location, coverage needs, and risk level. 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.