A construction insurance policy can cover many risks, losses, and liabilities associated with construction projects. The specific coverage and policies can vary depending on the type of construction project, location, and other factors. Here are some of the common types of coverage included in a construction insurance policy:
- General Liability:?This coverage protects contractors and builders from third-party claims for bodily injury, property damage, or personal injury that may occur during construction work.
- Construction liability coverage?for workers over age?benefits employees who suffer work-related injuries or illnesses during the construction project.?
- Builders Risk:?This coverage protects the construction project’s property, equipment, and materials from damage, theft, or other losses during the construction process.?
- Professional Liability:?This coverage protects architects, engineers, and other professionals from claims related to design errors, omissions, or negligence during the construction project.?
- Environmental?Liability:? This coverage protects contractors and builders from third-party claims for environmental damages or pollution caused by the construction project.?
- Commercial Auto:?This coverage protects construction vehicles used during the construction project.?
- Construction Bond
