Construction Insurance

The construction industry is a dangerous one. Professionals can face many risks to their health and well-being through their work. But, with the right insurance coverage, these risks can be mitigated, or even eliminated entirely.We’re here to help you. Godwin & Silverman Insurance Agency can get your business the commercial insurance it needs today. We’ll find the best solution for your business, and we’re ready to work with you.Commercial property insurance is there to protect your business if your property—like your building or equipment—is damaged in an unexpected way, such as from a fire or storm. Contractor’s tools and equipment insurance protects the movable equipment your business uses every day.

Commercial property insurance

If you’re a contractor, homebuilder, or another type of construction professional, commercial insurance can help you protect yourself from several types of losses — damage to your tools, property damage to the homes you work on, and more.

Do you need tools and equipment insurance?

This policy will cover your movable tools and equipment if they are damaged or lost due to a covered event. You can protect your business from costly repairs or replacement by getting the right policy for your business.

Business interruption insurance

This may help pay for lost income if a covered peril forces you to shut down your operations temporarily.

Liability insurance

If your business is held legally responsible for the injuries or property damage to others, liability insurance may compensate them for their losses. It may also cover the associated legal costs (e.g., court fees, settlements and judgments). Several types of liability insurance may be available, including:

• Commercial general liability insurance
• Products liability insurance
• Pollution liability insurance
• Cyber liability insurance
• Completed operations liability insurance
• Professional liability insurance

Builder’s risk insurance

This may provide coverage during a construction project. It may apply to the building under construction and property at the job site or temporarily stored off-site.

Commercial auto insurance

This may provide coverage if your business-owned vehicles are damaged or in an accident. Hired and non-owned auto insurance (HNOA) may also provide liability coverage for vehicles your business does not own but utilizes for work purposes. Umbrella insurance—This may provide an additional layer of coverage if a liability claim exceeds the limits of your other liability policies.

Workers’ compensation

This can provide wage replacement or payments for medical expenses if an employee suffers a work-related injury or illness.