From start to finish, concrete contractors often have heavy involvement in construction projects. With all they do, concrete contractors also carry heavy risks. But because of these unique risks, specialized concrete contractor insurance that’s tailored to your business can offer protection against the unexpected. Whether you’re involved in planning, site and ground preparation, formwork, placement, finishing, or all of the above, your insurance should reflect what you do.
No concrete contractor insurance program would be complete without general liability and commercial property insurance. General liability insurance offers protection in the event you damage someone’s property or someone is hurt on your property or a worksite. Commercial property insurance protects your building (whether owned or rented), storage facility, inventory, supplies, and more. You’ll often find these coverages packaged together into a business owners insurance policy (BOP).
Your concrete contractor business likely utilizes a variety of vehicles. For instance, this could include a car for traveling to appointments, trucks to carry equipment and crew, and even a large concrete mixer truck. Business auto insurance may pay for property damage or bodily injury after an accident. Similarly, if any employee uses their own vehicle while on the job, or if you rent vehicles periodically, consider including hired and non-owned auto insurance as well.
Mistakes in your work could result in a minor inconvenience or become a matter of life and death. And, while not necessarily anyone’s fault, problems can arise if there is something wrong with the materials you use. Consequently, you need professional liability insurance that protects you in the event of an error. Also, consider completed operations insurance, which provides liability protection for the work you did even when the project is finished.
You simply cannot operate if you don’t have your tools and equipment in proper working order. Protect your business with tools and equipment insurance that provides for replacement or repair of your specialized tools and machinery. Whether lost, stolen, or damaged, this insurance can get you back to work with less downtime while waiting for items to be fixed.
Some insurance policies benefit most businesses, even the most highly specialized. For instance, cyber liability insurance offers protection from the financial ramifications of data breaches and network hacks. Workers’ compensation insurance requirements exist in most places, but its importance cannot be stressed enough for concrete contractors due to the physical nature of the work you do. Finally, if someone makes accusations of discriminatory practices or harassment, employee practice liability insurance may pay for defense costs and settlements.
Are you interested in concrete contractor insurance for your business? Contact us to learn more.
As an independent agency, we are here to help you find the right coverage.
The moment an incident occurs, our team is your first call. We take the wheel so you can focus on recovery, not paperwork.
We leverage deep carrier relationships and 30 years of claims experience to ensure you receive every dollar you're owed.
Our claims don't close until you're satisfied. We follow through to complete resolution — no loose ends, no surprises.