In the construction industry, risks are inherent, but your business’s future doesn’t have to be uncertain. Contractor General Liability Insurance is your cornerstone for comprehensive coverage, providing essential protection against a range of potential liabilities. Explore the key features and coverages tailored to ensure your construction business is safeguarded.
Coverages
1. Bodily Injury Coverage:
- Protects your business if someone is injured at a construction site or due to your operations.
2. Property Damage Coverage:
- Covers damage to third-party property caused by your construction activities.
3. Completed Operations Coverage:
- Protects against liabilities arising from construction projects even after they’ve been completed.
4. Products Liability:
- Provides coverage for liabilities related to products you sell or install, such as building materials.
5. Advertising Injury:
- Safeguards against claims related to advertising, such as libel or slander.
Key Terms
1. Aggregate Limit:
- The maximum amount your insurance will pay for all covered claims during a specific policy period.
2. Occurrence vs. Claims-Made Policy:
- Understanding the difference between coverage triggered by when an incident occurs (occurrence) and when a claim is made (claims-made).
3. Contractual Liability:
- Addresses liabilities assumed through contracts, ensuring coverage for contractual obligations.
4. Deductible:
- The amount the policyholder is responsible for paying before the insurance coverage kicks in.
Exclusions
Certain events and situations are typically excluded from contractor general liability insurance, including:
- Professional Liability: Coverage for errors or omissions in professional services is typically excluded.
- Intentional Acts: Coverage may not apply to damages caused intentionally by the contractor.
And More
Our commitment to your construction business goes beyond standard coverages:
- Risk Management Services: Tailored strategies to mitigate risks and enhance overall safety.
- Claims Support Specialists: Dedicated professionals to guide you through the claims process efficiently.
- Customized Solutions: We work with you to tailor coverage to the specific needs of your construction projects.
Build with Confidence. Insure with Us.
Ready to secure the right coverage for your construction business? Contact us today to discuss your contractor general liability insurance needs. Your projects deserve comprehensive protection, and we’re here to provide the support you need for continued success in the construction industry.
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