Construction Insurance

Construction insurance is the group of policies contractors use to cover injuries, property damage, equipment and legal claims on job sites. Typical coverage includes general liability, workers’ compensation, commercial auto, inland marine and builders’ risk, with pollution, professional liability, cyber and surety bonds added when a project requires them. Premiums depend on credit history, contractor experience, project size and location, and coverage limits.

Safeguard your building projects with reliable construction insurance coverage tailored for every site.

The Construction Industry keeps booming, with the emergence of new companies every day. This expansion has ultimately affected every unit, such as workers, contractors, machinery, etc. – there is a high demand for more. The aim is to execute tasks successfully; however, that doesn’t come without the possibilities of disaster, damages, litigation, or injuries. With a good construction insurance plan, you wouldn’t have to worry much about any of the units because construction insurance coverage options are designed to meet individual needs. Choosing the right construction insurance ensures protection for your workers, equipment, and projects, giving you peace of mind throughout every stage.

Construction takes a lot – in terms of effort and money. The purpose of construction insurance, however, is to ensure that you don’t incur losses eventually. We arrange construction insurance to help protect you against the risks that come with construction work. We have now highlighted a few factors that would influence the cost of construction insurance, following standard policies. These factors include Business Credit History, Contractors’ Experience, Project Size, Project Location, and Coverage Limits.

General Liability Insurance

General Liability Insurance is consequential for every business that wants to survive in the industry. It is a coverage plan that protects the company from several liabilities, including injury claims, medicals, and damages. It covers third-party bodily injury and property damage claims, while faulty workmanship and your own equipment need other policies.

Pollution Liability Insurance

At a construction site, many things could go wrong; one of those things is pollution incidents. If the work requires chemicals, construction workers risk being exposed to pollution. In that case, you will need Pollution Liability Insurance to cover any incident caused by this effect. Before we validate insurance, we make sure to assess the level of risk to be covered appropriately.

Professional Liability Insurance

Mistakes are inevitable. Human errors occur all the time. When that happens, it could cost you so much. For instance, an error in design or engineering work could mean starting the project or that part of the project all over again. However, we offer Professional Liability Insurance so that your construction company won’t have to bear losses. Ideally, we make sure your financial status doesn’t get too affected because of mistakes.

Inland Marine Insurance

The word “Inland Marine” gives out this type of insurance as one that deals with transportation. Many construction companies only consider insuring everything onsite, but not offsite. That is wrong. We provide Inland Marine Insurance so that any unforeseen event that happens when transporting equipment, supplies, and tools from a location to a worksite can be properly accounted for. Likewise, we offer Builders’ risk coverage as a part of Inland Marine Insurance for safety outside a work site.

Commercial Auto/Truck Insurance

Construction work means you will have to use commercial vehicles or trucks. Ideally, the commercial auto policy says you should insure them against accidents or damages. Commercial Auto/Truck Insurance is also one of our coverage options. It would help if you insured these vehicles under the company’s name to be easy to lay claims when the time comes.

Workers’ Compensation Insurance

Medical Expenses from onsite injuries and Lost Wages are two significant problems workers face from construction sites. Most states require workers’ compensation for employers with staff, and the thresholds vary by state. It protects workers and also the company from lawsuits. We offer this coverage for both parties’ safety.

Cyber Insurance

With advanced technology, construction companies are taking their business digital. That means they now have to deal with data that involves customers or third-parties. Protecting such data is highly important because it explicitly shows every financial transaction between the company and its customers. Cyber insurance helps cover notification, recovery and legal costs after a data breach or cyberattack.

Contractor License Bonds/Surety Bonds

Contractors often need license and permit bonds, which guarantee that the contractor complies with licensing rules. These are not the same as contract (surety) bonds, which back a specific project: bid, performance, payment and maintenance bonds, plus site improvement, supply and subdivision bonds. A bond is not an insurance policy. We arrange the bonds each project requires.

Why Choose Us for Construction Insurance?

We understand the need for different layers of protection, especially for this business type that comes with inevitable risks. You don’t want to be left stranded when a problem arises; therefore, we advise that you use our services – Property, Workers, and Auto Vehicles are given all the protection needed.

At Clopton Capital we offer competitive coverage options from our insurance network for contractors and construction companies. Contact us, and we would bring to you the different coverage options we have available for your construction business.

Protect Your Construction Business

Safeguard your projects, workers, equipment, vehicles, and liability with comprehensive construction insurance tailored for contractors and companies of all sizes. Contact us at 866-647-1650.

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Insurance is arranged by Clopton Insurance Services, LLC, an insurance brokerage that arranges coverage through insurance carriers. It does not underwrite or issue policies.

Construction Insurance FAQ

What does construction insurance cover?

Coverage may include general liability, pollution liability, professional liability, inland marine (equipment and builders’ risk), commercial auto/truck insurance, workers’ compensation, and cyber insurance. We also arrange contractor license and surety bonds, which are not insurance policies.

Is workers’ compensation included?

Yes. It protects employees from onsite injuries and covers lost wages while shielding the company from related lawsuits.

Does construction insurance cover equipment offsite?

Yes. Inland Marine Insurance protects equipment, tools, and supplies during transportation or offsite use.

Is professional liability covered?

Yes. Professional Liability Insurance helps cover losses due to design, engineering, or human errors.

Does the policy cover pollution incidents?

Yes. Pollution Liability Insurance covers incidents involving chemicals or hazardous materials during construction activities.