Construction/General Liability Insurance

Professionals in the construction industry encounter numerous hazards through their operations. Securing a comprehensive insurance portfolio can help mitigate these risks.

Our agency is ready to help you obtain the commercial insurance your business needs. Contact Auto Smart Insurance today to get started.

What Types of Construction Insurance Are Available?

If you are a carpenter, homebuilding, remodeler, plumber, electrician or another contractor in the construction industry, commercial insurance can provide coverage for several exposures and offer financial assistance if covered causes of loss occur. This can help reduce your out-of-pocket expenses. The coverages construction businesses choose vary, and several types are typically available, including, but not limited to:

• Commercial property insurance—This may provide repair or replacement costs if your business’s property is damaged or destroyed by covered perils, such as fires or storms, or if it is stolen.
• Contractor’s tools and equipment insurance—This may provide coverage if your movable tools or equipment are damaged or lost due to a covered event.
• Business interruption insurance—This may help pay for lost income if a covered peril forces you to shut down your operations temporarily.
• Liability insurance—If your business is held legally responsible for the injuries or property damage to others, liability insurance may compensate them for their losses. It may also cover the associated legal costs (e.g., court fees, settlements and judgments). Several types of liability insurance may be available, including:
  • Commercial general liability insurance
  • Products liability insurance
  • Pollution liability insurance
  • Cyber liability insurance
  • Completed operations liability insurance
  • Professional liability insurance
• Builder’s risk insurance—This may provide coverage during a construction project. It may apply to the building under construction and property at the job site or temporarily stored off-site.
• Commercial auto insurance—This may provide coverage if your business-owned vehicles are damaged or in an accident. Hired and non-owned auto insurance (HNOA) may also provide liability coverage for vehicles your business does not own but utilizes for work purposes.
• Umbrella insurance—This may provide an additional layer of coverage if a liability claim exceeds the limits of your other liability policies.
• Workers’ compensation—This may provide wage replacement or payments for medical expenses if an employee suffers a work-related injury or illness.

Other policies and endorsements may be available. Speak with our agents to discuss options, limits and exclusions.

Commercial general liability insurance can cover your business and clients by providing financial assistance when the unexpected happens. Our team can help you secure the insurance your business needs. Contact us today to get started.

Commercial General Liability Coverages

Commercial general liability insurance typically provides coverage for:

• Third-party property damage. Commercial general liability insurance may provide repair or replacement costs if your business is responsible for damaging others’ property.
• Third-party bodily injury. Commercial general liability coverage may pay for medical expenses if your business is responsible for a third-party bodily injury (e.g., an injury occurring at your business).
• Personal and advertising injury. Commercial general liability insurance may provide coverage if your business is sued for a personal or advertising injury (e.g., slander, libel or copyright infringement).

In addition to providing compensation for damages, commercial general liability insurance may pay associated legal fees (e.g., attorney fees, settlements and judgments). Speak with your agent for more information on coverages, limits and exclusions.

Why Commercial General Liability Insurance Is Important

Although commercial general liability insurance typically isn’t required by law, some business licenses may require coverage. Or a landlord may require proof of insurance before offering a lease.

Commercial general liability coverage may also help you avoid paying for unexpected losses out of pocket. Reach out to your agent for additional information on how commercial general liability insurance may mitigate your business’s risks. We can help you secure the coverage that is right for you.

Contact Us

Our team is ready to help you secure a comprehensive insurance portfolio that meets your business’s unique needs. Contact us today for more information or a quote.