Commercial Construction Insurance

Commercial Construction Insurance

Commercial construction projects come with tight timelines and big price tags for the structures, materials, and equipment. They’re high-risk not only in the sense that a person may sustain a physical injury but also because of the wide range of commercial exposures faced by construction businesses from accidental structural damage to contractual issues.

To keep your company protected and your jobs running smoothly, it’s necessary to have the right insurance policy in place. It’s important to discuss your policy needs with a qualified professional who can help you manage your coverage from project to project and advise you on how to implement the best risk management practices. We connect you to some of the industry’s top insurance providers that can get you the coverage you need within your budget.

Builder’s risk insurance and other coverages

One of the most important types of coverage for a commercial construction business is builder’s risk insurance. Sometimes referred to as “course of construction” coverage and often overlapping with inland marine coverage, builder’s risk grants financial security in the event of damage to a property under construction. It can also cover your business against losses of or damage to materials being used during construction. What exact situations your builder’s risk policy covers may depend on your selected carrier.

Other coverages that make up a commercial construction insurance plan may include general commercial liability, worker’s compensation, commercial auto insurance, equipment breakdown insurance, professional liability, and possibly more.

To explore your options or to get started on building your policy today, complete the request a quote form. You’ll receive a free consultation and get matched with a carrier that understands the commercial construction industry and can help you safeguard your business.