Construction Insurance Types

Construction Insurance Types

Equipment insurance

An additional insured has less protection than the policyholder, but still gains crucial coverage, such as:Defense coverage. General liability coverage protects businesses against common business risks like customer injury, property damage, and advertising injury claims.

With so much fluctuation, damages easily occur to both the ongoing work and surrounding properties.

Construction Insurance Types - Professional liability insurance

  1. Errors and omissions insurance
  2. Insurable interest
  3. Occurrence-based policy


General contractors have unique risks.

These policies often combine coverages such as commercial auto, workers compensation and business owners policies into one package.

The Allen Thomas Group Contractor Insurance .

Call our licensed agent and they can assist with commercial auto and business insurance quotes. If an employee is hurt while working, insurance covers their medical treatment, partial income replacement and rehabilitation services. Blanket coverage Each job site brings potential for injuries, property damage, and costly lawsuits.

Contractor liability insurance coverage helps mitigate these risks by providing financial protection and legal representation in case of accidents or injuries that occur during the course of their work. Just one incident can devastate your business if you're not properly insured.

Rather than paying excessively out of pocket, your business continues undisrupted while claims are handled by professionals. Workers' compensation insurance helps cover medical expenses, lost wages, and rehabilitation costs.

Accidents or property damage can occur during the course of a construction project, and without adequate insurance coverage, contractors can face significant financial losses and legal consequences. The Allen Thomas Group can help both individuals and businesses – ranging from small to multi-national companies – with their commercial surety needs.

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Contractor Liability Insurance

It offers contractors peace of mind by extending their liability coverage and ensuring they are adequately protected in case of large claims or lawsuits. This ensures that they have adequate coverage in the event of a claim, as exceeding the policy limits could leave them personally liable for any additional costs. This is covered by general liability insurance, an essential part of a contractors insurance policy. Call (440) 826-3676 for a free contractor insurance quote today. From custom policies designed specifically to fit individual responsibilities and exposures to policies tailored for public or non-profit institutions and financial institutions.


This major expense comes on top of work delays, decreased productivity and legal fees. Learn six ways contractors can effectively manage their cost of risk to help improve their bottom line, their reputation and worker safety. Independent contractors typically have obligations under their work contracts regarding insurance requirements that must be fulfilled, which often state whether the company needs to be added as additional insured.
 Don't let this happen to you.

The Allen Thomas Group offers products and insights to help our customers stay ahead of risk by preparing for it and ultimately helping to reduce loss costs and keep projects running smoothly. General Liability Insurance also covers any damage your completed projects might cause after work is finished. Insurance doesn’t have to be complicated. Running a contracting business comes with many risks that can lead to expensive claims, lawsuits, or losses.

As a contractor, you want an insurance resource who becomes an invaluable, long-term business partner. It combines both coverages under one policy, and usually has lower insurance premiums than buying each policy separately from the insurance company. One of the key components affecting contractors insurance costs is your specific trade's nature of work. Common trades that need contractors insurance include:It’s always good to have insurance in case of mishaps, even if you don’t contractually need coverage.

Contractor Liability Insurance
Construction General Liability Insurance

Construction General Liability Insurance

This is where Surety Bonds come in - providing a guarantee you will meet all contractual obligations. The coverages in contractors insurance can vary from business to business. Umbrella Insurance: This additional coverage provides extra liability protection beyond the limits of other insurance policies. They could be sued for damaging client property, causing bodily injury, or advertising injury; general liability coverage helps cover legal fees and damages from any lawsuits that might arise against them.


Provide organizations of all sizes with coverage against data breaches and other fast-evolving cyber risks.
 Without insurance, you would have to pay out of pocket to defend yourself in court and also pay for damages. Comprehensive policies protect against liability claims and property damage if your drivers cause an accident.

With the right insurance partner, you can run your business with confidence knowing you've safeguarded your company's finances and reputation. Liability coverage protects you from these claims long after the job is done.- Protects from third party bodily injury and property damage claims- Covers legal defense fees and lawsuit damages - Applies to incidents on worksites and completed projectsGeneral liability policies come with defined coverage limits - typically for per occurrence and in total annual claims. Avoid choosing coverage based on cost alone and work with agents who truly understand your business.

These options include general liability insurance, workers' compensation insurance, and umbrella insurance. If this occurs to you, HNOA coverage could provide additional protection - read up on these policies today if needed!
 At The Allen Thomas Group, we understand the unique risks contractors face and provide customized insurance solutions to keep your business safe.

Contractor Workers Comp Insurance

Electrical Contractor Insurance

Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions. Building a proper insurance plan is an investment in your company's future. Fifty-three percent of contractors report that professional positions – project supervisors, estimators and engineers – are difficult to fill. Most often it's best if both you and your client obtain separate policies for liability protection. For example, a roofing contractor is exposed to risks that an HVAC technician isn’t and vice versa.

Don't wait for a loss to realize you're underinsured – be proactive and protect your assets with The Allen Thomas Group. Coverage options also may extend to cover vehicles used by your employees as well as employees themselves depending on which coverage options are selected. Materials or tools from your truck damage a car while in transit. It’s required in most states for businesses that have employees.

Common trades that need contractors insurance include:Even if it isn't required by contract, having insurance is always prudent. Our broad, tailored coverages and enhancements are based on our deep knowledge and experience in the construction industry, and specifically designed to meet the needs of our customers. Protect against things like lawsuits and other liabilities with contractors insurance through The Allen Thomas Group . Importance of Liability InsuranceLiability insurance plays a vital role in safeguarding businesses and individuals by providing protection against accidents and injuries.

You can purchase commercial general liability insurance from a business insurance provider or agency. Contractors insurance usually covers business liability exposures, such as injuries or damage to a client’s property for which your business is responsible. One of the main benefits of contractor insurance is that it provides financial protection in the event of accidents or property damage. Protection for fixed property under construction and equipment used during the process - be it in transit, storage or on site.



Construction Insurance Types - Blanket coverage

  • Blanket coverage
  • Directors and officers liability
  • Home-based business insurance
  • Professional liability insurance
  • Errors and omissions insurance
Electrical Contractor Insurance
Painting Contractor Insurance
Painting Contractor Insurance

Being accused of negligence by an injured worker can also quickly generate a draining lawsuit. Insurance doesn't have to be complicated!

In most cases, independent and self-employed contractors aren’t required to carry workers’ compensation insurance.

Construction claims are complex and potentially volatile. Home-based business insurance

When you insure your business with The Allen Thomas Group, you get loss control tools and a team who can review your operations, procedures and programs.

Construction Liability Insurance

A commercial auto policy provides protection for vehicles used for work or to transport tools and other contractor materials. Here are three key aspects that contractors should consider when dealing with legal claims and litigation:1.

It covers the cost of repairs or replacement of damaged property, as well as any legal fees associated with a liability claim.2.

Construction Insurance Types - Home-based business insurance

  • Home-based business insurance
  • Professional liability insurance
  • Errors and omissions insurance
  • Insurable interest
  • Occurrence-based policy
  • Workers' compensation


General liability insurance: This coverage protects contractors against property damage caused by their actions or negligence.

With a general liability insurance policy, those expenses are covered.

Construction Liability Insurance

Frequently Asked Questions

Although all-risk policies offer comprehensive protection, they don't always include everything. Most policies don't pay out for damages caused by termites, wear and tear, sewer backups, floods or earthquakes as well as paying to remove mold or repair your foundation.