Comprehensive Construction Insurance Coverage

Construction insurance provides a range of coverages designed to protect construction projects, companies, and workers from various risks, including property damage, liability claims, and employee injuries.

Construction insurance typically includes general liability, builders risk, workers' compensation, commercial auto, equipment coverage, and contractor’s professional liability.

While not all types of construction insurance are legally required, certain coverages such as workers' compensation and general liability are mandatory. Additionally, many clients and contracts may require specific insurance coverages.

Builders risk insurance covers property damage to buildings under construction, including materials, fixtures, and equipment. It protects against risks such as fire, theft, vandalism, and certain weather events.

If there is a claim on your construction site, report the incident to your insurance company as soon as possible. Document the damage or incident with photos and keep records of any related expenses.

General liability and workers' compensation policies typically cover subcontractors, but it’s important to verify this coverage and ensure subcontractors have their own insurance policies.

Yes, insurers may offer discounts for implementing safety programs, having a strong safety record, bundling multiple policies, and maintaining a claims-free history.

You can lower your premium by increasing your deductible, implementing comprehensive safety and risk management programs, maintaining a claims-free history, and regularly reviewing your coverage to ensure it matches your needs.

In addition to standard coverage, you might consider adding pollution liability, inland marine coverage, surety bonds, and higher liability limits to ensure comprehensive protection.