General liability

How to Avoid Financial Ruin With Construction Insurance

In the construction industry, there are a lot of risks. When you don’t have adequate insurance coverage, you could devastate your business with legal fees. Lawsuits can happen, particularly on a jobsite where there are several risk factors. Here is what you need to know about coverage for your company.

General Liability Coverages

General liability is a broad coverage. It generally covers property damage or injury. For instance, if someone falls on your construction site or suffers an injury on your site, you could be liable. This could be contractors, guests to the property or someone passing by. If someone suffers an injury on your site, then the general liability coverage will help you with legal fees.

Risk Coverage

The risks involved in construction are a serious variable to your coverage. While every company has to have its own customized coverage, there are some coverages that no construction company should go without.

These policies cover:

  • Materials
  • Equipment
  • Property

Damage to your construction site can occur due to vandalism, storms, theft, vehicular accidents and more. It is important to know the exclusions in your policy. For instance, some policies will not cover damages that are caused by earthquakes or water damage.

To protect your construction business, you need construction general liability coverage. Without it, you could financially devastate your business.

Protection for Your Business

Protection for Your Business

Protecting your boat building business is easy if you have the right boat builders insurance. That is why, no matter who your clients are, your company needs insurance. When you do, you can be safe no matter what comes your way.

Your Choice in Coverage Options

When it comes to your boat or yacht building business, you need special coverage. It doesn’t matter if you have private or commercial clients or build small boats or large yachts. All that matters is protecting your equipment, your business, your employees and yourself in the event of an unexpected damage or an unforeseen situation. That is why you need an insurance policy that’s crafted specifically for you and your business needs. Some coverage options you can choose from include those listed below:

Builder’s risk

General liability

Commercial auto liability

Pollution liability

Legal liability

Crime insurance

Business interruption

Security and Peace of Mind

Building boats or yachts is a unique business, with unique insurance needs. Thankfully, there is boat builders insurance that is right for you and your company. You can build a custom plan that suits the size and scope of your business, so you can protect yourself and your assets no matter what happens. That way, you can get back to building boats and worry less about business risks.