An accident at a construction site could spell disaster for your small business. Policies designed for general contractors cover expenses related to employee injuries, client property damage, and more.
These policies cover the most common general contractor risks.
Insurance for contractors that covers common risks, such as a client tripping over a toolbox. Bundle with property insurance for savings in a business owner’s policy.
Workers’ compensation insurance is required in almost every state for general contracting businesses that have employees. It can cover medical bills for work-related injuries.
This policy covers third-party injuries and property damage caused by a general contractor’s vehicle, as well as repairs to vehicles damaged by weather or vandalism.
This policy helps pay for repair or replacement of an independent contractor’s saws, nail guns, hammers, and other tools if they are lost, stolen, or damaged.
This policy, also called errors and omissions, can cover legal fees when a general contractor is sued over a mistake, such as failing to recognize a hazard at a construction site.
Builder’s risk insurance can pay for damage done to a structure still under construction. It can cover costs resulting from fire, vandalism, weather, or on-site tool or equipment theft.
As a construction manager, you oversee projects from start to finish. If something goes wrong, you’re often the one held accountable. General contractor insurance helps pay for lawsuits and losses resulting from crew injuries, property damage, stolen equipment, and more.