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The Importance of Insurance Coverage for the Construction Industry

The Importance of Insurance Coverage for the Construction Industry

The Importance of Insurance Coverage for the Construction Industry

If you own a construction company, you know the value of a good insurance policy. Having construction general liability insurance offers your business protection in many areas and allows you to operate safely on job sites and with other contractors.

Coverage Specifically for You

General liability coverage is necessary for businesses to operate and provides broad coverage to protect a business. You can build an insurance plan that takes the construction industry into account and delivers more protection in the form of the following:

Errors and omissions
Pollution liability
Workers’ compensation
Employment practices liability
Builder’s risk
Surety bonds

Insurance agents understand the risks involved in the construction industry and can run a thorough analysis of your company to pinpoint the specific risks you face and design a policy that caters to your needs. You may also require different coverages depending on how your business functions. For example, do you also work with masons and designers? If you do, you need insurance that handles that portion of your business, as well.

The construction industry is unique in terms of insurance needs, which is why there is construction general liability insurance specifically for the industry. Purchasing a policy that includes this coverage enables your business to safely work on projects and be covered if anything goes wrong.

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