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• Umbrella Policy – Sometimes, General Liability does not provide enough coverage.  In the event of a large claim, an Umbrella policy can provide additional coverage for damages (if awarded) and costs of legal representation.

• Workers’ Compensation – For construction companies, the requirements are different because of the greater risk for injury.  If you employ a single employee, you must have Workers’ Comp insurance.  This includes subcontractors.

• Commercial Auto Insurance – Anyone who uses their vehicle for work (and not just commuting to and from) needs to have Commercial Auto insurance, otherwise their personal coverage will not cover an accident.  As a contractor, if you use a pickup truck, trailer, or other vehicle to transport tools and supplies, protect yourself against an expensive loss with Commercial Auto insurance.

• Professional Liability Insurance –  Protects against your company’s legal responsibility for the harm it may cause to others as a result of faulty installations or errors in services provided.

• Property and Equipment Insurance – Goes a step further than Business Property insurance to protect any special equipment your construction company owns (such as power tools) from damage caused by a power surge, mechanical breakdown or burned out motor, and even employee error.

• Builder’s Risk Insurance – A unique kind of property insurance that covers a building that is under construction.  It can cover just the structure, or it can include the materials on site waiting to be installed or transported to the job site, and it is commonly required to fulfill contractual agreements.  Builder’s Risk insurance protects against damage or loss caused by events such as vandalism, theft, fire, or poor weather conditions.