Common Construction Insurance Coverages
Everyone working on a construction project knows how vital contractors insurance in Riverside, CA is. These projects can easily run into the thousands, if not hundreds of thousands of dollars, which is why it’s so important to carry insurance to protect yourself as well as your clients. Take a look at just a few of the many different forms of construction insurance.
General liability coverage
What happens if one of your employees accidentally ruins a finished wall or swings the crane into the site? If you have general liability coverage, your insurance policy will handle the damages associated with the incident so that you don’t have to pay out of pocket.
Workers’ compensation insurance
Construction sites can be dangerous places, especially when you have multiple people working with power tools and heavy equipment. If an employee gets injured or dies on the job, you’re responsible for providing workers’ compensation coverage. This helps to pay for their medical bills, lost wages, and death benefits to the family.
Commercial auto insurance
Contractors often drive large trucks and use other heavy equipment machines. You will need a dedicated commercial auto insurance policy to cover those vehicles, whether you drive them yourself or put an employee behind the wheel.