Construction Insurance in Grand Junction, CO
Owning a construction business involves many potential risks, which is why investing in a robust insurance policy is essential.
What Is Construction Insurance?
Construction insurance provides coverage that can help protect you and your company, assets and employees. Countless risks are associated with operating a construction company, but they can be mitigated by having adequate insurance coverage.
What Is General Liability Insurance in Construction?
Construction businesses all have unique characteristics, but one thing they all have in common is that they most likely need general liability coverage as part of their insurance policy. General liability insurance can help protect against common risks construction businesses face, such as liability for third-party property damage, third-party bodily injury, copyright infringement and other advertising injuries, and completed construction or installation damages.
What Insurance Does a Small Construction Company Need?
Insurance policies for construction professionals typically include the following six types of coverages:
1. General liability coverage may help protect against liability for third-party property damage, third-party bodily injury, copyright infringement and other advertising injuries, and completed construction or installation damages.
2. Professional liability coverage may help protect the construction business from lawsuits over errors and omissions.
3. Commercial auto coverage may help cover medical bills, legal fees and property damage if a company-owned vehicle is involved in an accident.
4. Loss of income coverage may help cover income losses within policy limits resulting from business interruption due to a covered event.
5. Builders risk coverage may help cover the costs of damage to a building or structure while it is still under construction.
6. Workers’ compensation coverage may help cover medical expenses and lost employee wages if they suffer a work-related injury or illness.
How to Get Construction Insurance in Grand Junction, CO
If you need construction insurance, contact Home Loan Insurance. We can help you get the coverage you need.