Covers your products, materials and equipment that are transported over land (truck or train), or while they're in a warehouse. If involved in a collision, mishandling or cargo theft, Inland Marine Insurance covers the transported goods.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
A Fiduciary Bond (or Surety Bond) protects a fiduciary - someone who is granted power over another person’s interests or assets via a will or contract - from being sued for alleged fraud, embezzlement, or dishonest acts.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Why do Commercial Constructors need insurance?
This industry includes contractors for new construction of commercial buildings, as well as the repair and maintenance of those buildings. Contractors, building design firms, for-sale builders, management firms, and prefabricated building companies are a part of this industry.
Starting a business comes with various risks. Property damage, physical injury, employee injury, and lawsuits all come at a huge cost that could easily cripple your business finances if you don't have insurance. Your insurance will cover these costs so you don't have to.
What risks do Commercial Constructors face?
There are many risks that commercial and industrial constructors can face. These include:
How much does Commercial Construction Insurance cost?
The insurance cost is calculated based on the number of employees you have, the size of revenues of your business, and many other criteria.
To get an idea of the exact cost of your insurance, you can apply for a quote online or talk to our customer service representatives.