Builder’s Risk Insurance
Builder's risk insurance helps protect construction projects from start to finish. It typically covers structures under construction, renovation, or repair, including materials, supplies, and equipment on-site or in transit. It typically covers risks such as fire, theft, vandalism, and certain weather-related incidents.
Wrap-Up Policies
We offer access to OCIP, ROCIP, CCIP, and OPPI wrap-up policies. These policies aim to provide comprehensive insurance coverage for all parties involved in a construction project, including the owner, contractors, and subcontractors. These policies can help centralize and streamline the insurance coverage process and can help reduce costs.
Commercial Property Insurance
Commercial property insurance can help protect a construction company against financial loss resulting from damage, theft, and vandalism to your physical business assets, such as buildings, equipment, tools, and materials. It's available as a standalone policy or as part of a comprehensive Business Owner's Policy.
Captive Insurance
Captive insurance is a form of self-insurance where a company creates an insurance company subsidiary to help cover its specific risks. Establishing a captive insurance company to underwrite construction-related risks could help you gain better control over insurance costs and potentially benefit from underwriting profits and investment income.
Commercial Auto Insurance
Commercial auto insurance provides coverage for your construction business’s vehicles. Auto liability insurance is mandatory in most states and typically includes coverage for third-party bodily injury liability and property damage liability. It helps cover the cost of damages and injuries suffered by third parties that are resulting from the insured driver's fault.
Contract Liability Insurance
In the construction industry, contracts often contain indemnity clauses where the contractor agrees to hold another party, such as a subcontractor, harmless for certain risks. Contractual liability insurance can cover financial losses resulting from breach of contract.
Commercial General Liability Insurance (CGL)
CGL insurance helps protect construction businesses against third-party claims alleging bodily injury, property damage, and personal and advertising injury. Having CGL insurance may be contractually required in some instances. It's available as a standalone policy or as part of a comprehensive Business Owner's Policy.
Environmental and Pollution Liability Insurance
Construction projects can involve handling hazardous materials and operating in ecologically sensitive areas where accidental releases of pollutants can occur. This type of insurance can cover the financial consequences of such incidents, including cleanup costs, legal defense expenses, and damages to third parties.
Equipment Insurance
Equipment insurance helps protect the various tools and machinery pivotal to a company’s operations and typically covers losses or damages caused by incidents such as theft, vandalism, fire, and other unforeseen events. It helps minimize downtime and financial loss.
Inland Marine Insurance
Inland marine insurance can be important to consider if transporting materials, equipment, and tools to and from job sites or store them at various locations. It helps protect against losses or damages while these items are in transit or storage and can help ensure operational continuity without worrying about financial setbacks.
Management Liability Insurance
Management liability insurance can help protect a company's directors, officers, and key management against claims related to acts such as mismanagement, breach of duty, financial liability, or employment practices violations. This insurance can help you maintain a resilient business environment.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance or E&O may be important to consider as it provides coverage for claims arising from professional errors, negligence, or omissions in the course of doing business.
Project Specific Programs
Construction companies may benefit from project specific programs that protect the interests of all parties involved in a construction project. These programs can help meet the risk transfer needs of a construction project from start to finish, and can help avoid construction project interruptions.
Umbrella and Excess Insurance
In construction, there is risk of significant claims due to accidents, property damage, or lawsuits. Umbrella (or excess) insurance helps protect a business beyond the limits of your primary insurance policies.
Workers’ Compensation Insurance
Workers' compensation insurance provides certain benefits to employees in case of work-related injuries or illnesses. It typically covers medical expenses, lost wages, and rehabilitation costs for employees who suffer injuries or illnesses due to job-related activities.
