Construction Insurance
What is construction insurance?
Construction business insurance protects construction professionals from accidents and financial setbacks. It allows you to focus on building and managing projects without worrying about potential risks.
Get commercial construction insurance through Progressive Commercial. Our experienced agents are ready to help you find the right coverage.
Why is insurance for construction contractors important?
Construction projects often come with significant investments, complex operations, and hazardous environments, which can lead to accidents, property damage, or legal issues.
The right construction insurance can protect your business from these problems and build trust with clients. Without it, you're left vulnerable to liabilities that can impact your business long term.
Before starting a project, some clients may want to see proof of insurance. Progressive Commercial can provide a certificate of insurance (COI) once you start a policy.
Who needs construction liability insurance?
If your business is involved in the planning, execution, or management of construction projects, you should have construction insurance. Many clients require this coverage before letting you work on their projects. Construction companies often specialize in trades like:
- Excavation
- Home improvement
- Land clearing
- Remodeling
- Home building
- Asphalt laying
- Welding
- Sprinkler installation
- Parking lot striping
- Fence and deck building
- Concrete laying
- Stone and granite work
- Roofing
- Windows and siding
Whether you're a sole proprietor, part of an LLC, or working for a startup, you should consider securing construction business insurance.
Types of construction insurance
Construction specialists usually need different types of insurance to address the diverse risks involved in their projects. Coverages include:
- General liability: This fundamental coverage protects construction professionals from legal claims and financial setbacks resulting from customer injury, property damage, and advertising injury. Discover the benefits of general liability insurance.
- Commercial auto: This insurance protects the vehicles you use for work, like dump trucks, pickups, and utility trailers. Learn about commercial auto coverage.
- Business owners policy (BOP): A BOP combines general liability protection with coverage for commercial buildings and personal property. Learn more about these and other BOP coverages.
- Workers' compensation: This coverage assists employees who become injured or ill while working. Find out if you need workers' comp for your business.
- Cyber: Cyber insurance protects your business from threats like data breaches and cyber attacks. It covers legal fees, notification expenses, and recovery efforts.
Tools and equipment insurance for construction contractors
Construction companies traveling to job sites should consider tools and equipment insurance. This coverage helps with the repair or replacement of tools if they get lost, damaged, or stolen. Since tools are essential for your work, adding this insurance to your general liability or BOP policy ensures your business runs smoothly.
How much does construction insurance cost?
The cost of commercial construction insurance can vary based on things like:
- Type of trade
- Size of business
- Coverage needs
- Number of employees
- Work vehicles
- Claims history
Understanding these factors can give you a better idea of how much you'll pay for business insurance.
Find the construction business insurance you need
Progressive Commercial can connect you with the right construction insurance for your business. For more than 50 years we've been helping small businesses access a full range of insurance products, competitive rates, and exceptional customer service.
Call us or go online to start a construction insurance quote.
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