Construction Insurance Coverage, Contractor General Liability
Protecting your business from losses due to liability claims is no easy tasks because sometime beyond your control, beyond all the training and safety measures in place things happen; so whether you run a small or large construction operation Insurance Corner understands that contractor’sinsurance coverage should not be process as one size fits all.
General Liability and Workers’ Compensation is usually your primary insurance coverage associated with your business operation. Not having a GL& WCinsurance coverage is like pre-dating your check to the GC or Owners banking account;expect the unexpected in the construction industry, insurance coverage offer you a solution when things happen.
Call Insurance Corner we will work with you to tailor an insurance plan to meet your company’s requirements and budgetary restrictions.
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Builders' Risk Insurance Provides property coverage for buildings or structures under construction as well as materials, equipment, machinery and supplies used in the construction.
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Wrap-Up Insurance Single policy that provides coverage to all contractors and subcontractors who work on a project. Offered as Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP). |
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Professional Liability Insurance Provides coverage for acts, errors or omissions resulting from the performance of professional services by acontractor.
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Pollution Liability Insurance Provides coverage for bodily injury, property damage, and environmental damage resulting from the accidental release of pollutants. |
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Owners and Contractors Protective Liability Insurance Provides liability protection to a property owner when a contractor performs work on the property owner's premises
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Surety Bonds Bid bonds, performance bonds, supply bonds, payment bonds and maintenance bonds with a minimum bond amount of $100,000. |
Contractors Insurance Coverages
Primary General Liability * Excess Liability Umbrella * Workers’ Compensation * Errors and Omissions *
Pollution Liability * Builder’s Risks * Commercial Auto * Inland Marine * Surety Bonds * Employment Practices Liability * Contractor’s Equipment *
Air Conditioning
Artisan Contractor
Carpentry
Concrete Construction
Developer – Builder
Door / Window Installers
Drywall Installer
Electricians
Excavation
Home Builder – Up to 100 Units
HVAC Contractors
General Contractors
Janitorial
Landscaping
Machine Shop
Masonry
Painters & Waterproofing
Plastering
Paving
Pipeline
Plumbers
Pool Contractors
Road & Bridge Contractors
Roofing Constrictors
Septic Tank Cleaners
Sewer Construction
Sheet Metal
Sprinkler Installer
Street / Road Construction
Water Proofers
Welders
Window Washers
Consider these Contractors and Construction insurance claims scenario.
Contractor’s and Construction Insurance Claims Scenario, it only takes one Mishap!
Contractor
Former employee of contractor came by to visit job site of contractor fell off roof. The bodily injury resulted in a $50,000 claim.
Insured is a sub-contractor, working on a job site and using a forklift to move a large piece of equipment. Insured fails to properly secure the load and the equipment falls and lands on one of the other sub-contractor’s employees, crushing his foot. Paid $120,000 in GLBI
Home Builder built model home and extended the builders risk policy past the 12 months it took to build the home. The house was vacant and a pipe burst in the bathroom which leaked all over the house causing a $31,067 water damage loss to the home.
The Case of the Curious Visitor
Sometimes the biggest liability on a project is the one thing you can’t control or manage: an on-site visitor. This is something one general contractor, Frank, learned the hard way.
Frank was hard at work on a residential remodel project when the homeowner brought a friend over to check out the progress. The curious visitor was admiring John’s work when he was suddenly struck in the head by a ladder that had been propped up against a wall.
The homeowner sued Frank for his friend’s injury, expecting the contractor to pay the price for medical and other expenses from the accident.
Luckily, Frank had general liability insurance. His policy covered the costs of defending himself against the lawsuit, which included attorneys’ fees, court costs, and a settlement.
Pipeline contractor
A contractor suffered a large claim when he installed a new storm water drainage system for a municipality in MI. Not long after completion a very heavy rain struck the city, causing a backup of water with human waste into the basements of over 100 high-priced homes. The contractor was sued for installing inadequate system and the environmental insurance carrier paid over $800,000
Concrete contractor
A concrete contractor laid an undercoat of slag while creating a new runway for a large international airport in the Midwest. After the runway was complete, it was discovered that the slag was contaminated and was leaching pollutants into a tributary of one of the Great Lakes. The claim exceeded $400,000.
Contractor Pollution Insurance Coverage
Why do all type of contractors need Contractor Pollution Liability?
Because environmental claims can happen to any type of contractor.
These claims examples have been provided to us by our insurance companies over the years. These represent actual claims they have seen. While the coverages we offer are designed to address these general issues, we make no guarantee or warranty that any individual policy we offer will respond to all issues as described herein. Please refer to the actual policy wording in each offered form to determine coverage applicability and acceptability.