Whether you are the owner, general contractor or subcontractor, the key to providing coverage for these types of claims is to customize your company's insurance plan to specifically fit your needs and provide protection against potential claims.
It is necessary to have insurance policies in place that anticipate claims that could arise. Coordinating policies, such as workers' compensation and commercial general liability insurance, with contractual risk transfer will help reduce the risk of uninsured financial loss associated with third party over claims.
Creating and maintaining the right insurance program for your construction business is essential to help reduce claims costs.
Having a broker who an expert in the construction insurance industry is expertise is crucial when purchasing a policy so you can ensure you are receiving the best possible range of products needed to keep you covered.