| Construction insurance indemnifies construction | | | | to the workers or employees working for the builder |
| company owners and contractors against any theft, | | | | in case of injuries, death, or contracting diseases |
| loss, or damage to the construction site, materials, or | | | | during their course of employment. Workers |
| equipments, and from third party compensation | | | | compensation insurance ensures that the employees |
| litigations. As construction sites are vulnerable to | | | | get duly compensated and the employers do not get |
| workplace accidents, damage, thefts, and injuries to | | | | sued. This insurance covers the entire cost of medical |
| workers, construction insurance provides a | | | | treatment, disability income, cost towards |
| comprehensive coverage against various construction | | | | rehabilitation, and compensation to be paid to the kins |
| industry related problems. Construction insurance | | | | of deceased employee. As compensation claims filed |
| encompasses a range of construction related | | | | by employees for work related injury or illnesses can |
| insurance packages to cover various trades involved | | | | significantly impact the business, the workers |
| in construction industry. | | | | compensation insurance provides necessary |
| Builders Risk Insurance | | | | protection to employers from compensation claims. |
| Builders risk insurance provides protection to builders, | | | | Automobile Liability Insurance |
| contractors, and construction company owners in | | | | Number of vehicles and heavy trucks are involved on |
| case of loss, theft, or damage to materials, structure, | | | | the construction site for transport of material, |
| equipments when the project is under construction. | | | | equipments, and workers. The company or the |
| The builder, contractors, and construction company | | | | person who owns the vehicle is liable to pay in case |
| owners can reimburse the cost of damage. The | | | | of bodily injury or property damage at the |
| builders risk insurance can cover new construction | | | | construction site. The automobile liability insurance |
| projects or remodeling projects. The owner or | | | | covers for compensation claims made by third party |
| contractor building the project can take this insurance | | | | in case of injury, damage, or loss done by the vehicle |
| to ensure that the interests of all those like | | | | at the construction site. This insurance also covers |
| sub-contractors, equipment owners etc involved in | | | | the entire legal costs incurred to defend the |
| the project are covered. Builders risk insurance is | | | | compensation suit. |
| project specific and is given along with contractor's | | | | Contractors Pollution Insurance |
| general liability insurance. | | | | The risk of pollution at the construction site remains |
| Commercial General Liability Insurance | | | | high during the entire course of contractor's |
| Commercial general liability insurance provides | | | | operations. It is essential for contractors to have |
| coverage to builders against compensation claims | | | | contractors pollution liability insurance due to various |
| made by third parties for property damage or | | | | environmental concerns and stringent laws to protect |
| physical injury during the course of construction. It is | | | | it. Contractors pollution liability insurance provides |
| essential to have commercial general liability insurance | | | | protection to contractors in case of third party claims |
| as compensation claims can have a drastic impact on | | | | made for environmental pollution caused during the |
| the businesses. This insurance also provides coverage | | | | course of contractor's operations. |
| for the legal expenses incurred to defend the suits. | | | | The construction insurance is essential for |
| In case, the builder is held legally responsible, the | | | | contractors, builders, and property owners who are |
| coverage will pay for the compensation amount. It | | | | involved in the particularly risk prone construction |
| also provides coverage for minor medical expenses | | | | industry. The cost of premiums paid for construction |
| due to physical injury to third party. | | | | insurance is far less than compared to compensation |
| Workers Compensation | | | | claims and the detrimental effects the claims have on |
| Workers compensation insurance provides coverage | | | | the company. |