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Questions About Construction Insurance
Construction Insurance is a combination of coverages designed to protect you against third-party claims that arise out of your business operations. As a construction professional, these coverages protect you against a variety of liabilities such as clients who claim that your finished work was unsatisfactory or clients who may have accidents that injure them in your office.
As a construction professional advisor, you might not be aware of the risks you take on when you conduct business. Liability coverage allows you to continue doing business as well as helps you build credibility in your construction business and enhance professionalism as you grow your clientele.
Construction Insurance is general liability insurance, also known as Commercial General Liability (CGL.)
Yes! If you are someone who is providing construction services then you need Construction Insurance for your business. Unfortunately, accidents happen and there are numerous risks that you face as a construction professional. It would be better to err on the side of safety and peace of mind than face the financial and mental burdens that a lawsuit could carry.
Your Construction Insurance policy premium will depend on a few factors, namely the type of service you offer and its associated risks, your yearly revenue, number of employees, and a few other factors.
Insurance Canopy is dedicated to providing construction professionals with the insurance coverage they need to continue doing what they enjoy. We’re here to help answer your questions and address your concerns when it comes to your business insurance.