Construction Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Construction Insurance Information
Construction insurance plays a crucial role in the construction sector, offering vital protection against various risks and liabilities that may emerge throughout the construction project lifecycle. In an industry with risks including accidents, injuries, property damage, legal disputes and project delays, having construction insurance is essential for the financial well-being and success of contractors, builders and project owners.
What Is Construction Insurance?
Construction insurance refers to coverage designed to protect individuals and businesses in the construction industry financially. It can encompass various types of coverage relevant to construction professionals. This insurance is essential because construction projects can be complex and involve various risks that could lead to financial losses or legal liabilities.
What Does Construction Insurance Cover?
Insurance plans tailored for construction professionals typically encompass at least the following categories of coverage:
General liability coverage may assist in addressing medical expenses, legal fees, settlements and defense costs associated with lawsuits stemming from third-party bodily injury, property damage, product liability and advertising-related claims.
Professional liability coverage is designed to safeguard construction businesses from lawsuits arising from errors and omissions in their professional services.
Commercial auto coverage comes into play in the event of accidents or damage to third-party property involving the company’s automobiles.
Builders risk coverage helps safeguard construction projects during their construction or renovation phases. This coverage typically provides protection against damage caused by fire, theft, vandalism and specific natural disasters.
Workers’ compensation coverage may help cover medical expenses and lost wages for employees injured on the job. Additionally, it shields the employer from potential lawsuits related to workplace injuries.
Why Is Insurance in Construction Important?
Construction insurance is essential for safeguarding financial interests, mitigating risks, ensuring legal compliance, meeting contractual obligations, enhancing reputation and providing peace of mind. It is an indispensable tool contributing to the overall success, sustainability and reliability of construction projects and the industry. Contact Elliott Hartman Agency to discuss your construction insurance policy. We can make coverage recommendations to ensure your operations are adequately protected.