A Builder’s Guide to Construction Insurance

What Builders Should Know About Construction Insurance


If you’re new to construction insurance or the construction industry in general, you are probably finding the insurance a bit confusing. There are many different types of policies to choose from and all coverage sounds familiar. Fortunately, it doesn’t have to be daunting or confusing, which is why we’ve rounded up a few essential tips builder’s should know about construction insurance.


What is construction insurance?

Construction insurance is coverage that protects construction projects from damage, such as natural disasters, accidents, and injuries.


  • Property damages: Damages to the property, materials and/or equipment.
  • Income loss: Income loss due to business interruption.
  • Bodily injuries: Bodily injuries due to construction activities or accidents.
  • Liability risks: Injuries or damages that harm others outside the company.


Insurance is there to help avoid losing money on a construction project. The specific coverage you choose will depend on a variety of factors, such as the size of your project, labor, equipment, and type of project.


What is contractor’s general liability?

General liability insurance provides coverage regarding bodily injuries and property damage. Note that this is different than builder’s risk insurance. Contractor’s liability insurance doesn’t offer coverage for the contractor’s property or equipment because the builder’s risk policy provides coverage for them. Contractor’s general liability, typically, protects you if someone is injured on your property or your employees cause property damage.


What is builder’s risk insurance?

Builder’s risk insurance protects the construction itself and provides coverage for materials, equipment, and property that is related to the structure of the project. It protects the equipment while being used, but it does not cover theft or earthquake damage.


Ready to get started on the right insurance? For the easy and convenient construction insurance services that you need, contact the experts at Artisan Insurance Solutions. We are ready to get you the coverage that you need today.

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