Insurance Coverage

Contractors often need general liability, workers’ comp, equipment insurance, and builder’s risk–plus surety bonds. However, we’ve found that a one-size-fits-all approach to insurance just doesn’t work in the construction industry. Your business is unique and your insurance strategy should be, too. That’s why we get to know your operations and goals, and then tailor a program just for you.

Connectivity with telematics and smart equipment provides insights like asset location, operator behavior, and maintenance warnings. This robust information helps you reduce insurance claims and lower your rates over time. In addition, investing in smart equipment shows your insurance carrier you’re committed to reducing risk, which can earn you discounts and position you favorably with your underwriter.

Any business that relies on technology is exposed to cyber risks like DDoS attacks and extortion. As the construction industry becomes more digitized, it’s important to evaluate and mitigate these risks. Today, contractors collaborate digitally with many stakeholders on a project – and the contractor often holds ultimate responsibility for the technology used. Even in the case of a third-party data breach, your company could be liable.

Contractors’ E&O insurance covers damage to your work or product resulting from your own negligence or errors. It covers damages that are excluded from your commercial general liability policy. For example, if you completed a $40,000 electrical job that later caused a building fire, your CGL policy would cover damage to the building, but exclude the $40,000 electrical work. Your contractors E&O policy would cover the $40,000 cost to redo the work and legal defense if needed.

You might need management liability insurance if you run construction projects for a project owner. This type of insurance covers damages and legal costs resulting from management decisions that led to project delays and cost overruns. It’s often packaged with your E&O policy.

Construction operations face a variety of pollution exposures during activities like demolition, excavation, burning, and working with hazardous materials. A misstep during these activities can impact public safety and lead to claims, lawsuits, and reputational damage for your company. Pollution insurance protects you from these outcomes.

Property insurance covers your business’s assets, like your building and its contents. If you have a physical office or location where you store tools and equipment, you need a commercial property insurance policy.