Your construction business has unique assets, liabilities and risk management responsibilities. These are even different from those of your nearest competitor. Construction insurance is designed to safeguard these risks through a network of customized business insurance options.

The terms, limits and benefits provided by construction insurance plans are customized to meet the needs of contractors and others in the industry. You must tailor your business insurance to fit you. Our agents are committed to working with you to help you achieve suitable coverage at suitable prices. In the end, your coverage will be a great piece of protection for all aspects of your business.

Every contractor of every shape and size needs to have insurance. There is no question about it. This coverage will help your business weather financial challenges that might arise following unexpected incidents that could make your business insolvent and unstable. By having coverage, you can make sure that your business survives even in challenging times.

Please note: Because of the unique liabilities associated with your industry, you will likely have a legal requirement to buy certain coverage. Speak to one of our agents to learn more about all coverage requirements in your area.

The benefit of a comprehensive insurance package is that it will help your business weather numerous financial challenges that might strike, such as:

• Property damage to your offices, business equipment, supplies and stock.
• Lawsuits by third parties who blame you for injuries or property damage they sustain.
• Challenges by customers who allege that you did not complete your work to their satisfaction.
• Loss of income due to hazardous events that force you to halt operations.

In the end, any challenging event could put you in a very unstable financial position. You shouldn’t have to run the risk of losing your business just because a problem occurred. The financial assistance provided by your insurance package can help you pick up the pieces and move on in a more sustainable manner.

Because the construction insurance industry is incredibly vast, you will need a combination of both standard commercial insurance options and specialized policies to receive optimal coverage.

Some of the benefits that you should always carry include:

• Commercial Property Insurance
• General Liability Insurance
• Business Interruption Insurance
• Workers Compensation Insurance
• Commercial Auto Insurance

Other standard coverage to add to your portfolio might include cyber liability, errors & omissions, employment practices liability and directors & officers (D&O) coverage.

Additionally, to insure yourself against industry-specific liabilities, you might need:

• Builder’s risk insurance that covers the materials and works in progress at construction sites in case they sustain damage in fires, severe weather, theft or vandalism.
• Inland marine insurance, which is similar to builder’s risk coverage, but covers the equipment that the contractor uses in their work. It might cover tools, mobile items like forklifts, computer equipment and data, or equipment that you lease or borrow for a job.
• Surety bonds, which are financial guarantees that the contractor will complete their work as promised. If they fail to do so, then they must compensate the affected party.
• Equipment breakdown insurance pays when essential machinery breaks down unexpectedly and causes your operations to halt. This coverage can pay for both the equipment repairs and income lost in the incident.

Our agents are happy to work with you to determine which coverage options are optimized for your needs. We can also compare policies from a wide variety of insurers to make certain that we find you a plan that fits within your company’s budget.