Construction Insurance

Protect your small business with commercial insurance.

Why Orr and Associates?

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Our Policies

General Liability Insurance

General liability insurance protects businesses from claims of property damage, bodily injury, and personal injury during operations or from their products/services. It covers legal fees, medical expenses, and defense costs.

Business Owner’s Policy

Business Owner’s Policy (BOP) is a bundled insurance policy for small to medium businesses that combines multiple coverages at a lower cost, including property damage, bodily injury, and business interruption protection.

E&O Insurance

E&O insurance, or Errors and Omissions insurance, provides protection for businesses against claims of professional negligence. It covers legal fees and settlement costs related to errors or omissions in providing professional services.

Commercial Auto Insurance

Commercial auto insurance covers vehicles used for business purposes, providing protection against accidents, theft, and damages. It includes liability coverage for bodily injury, property damage, and covers associated expenses.

Workers’ Compensation

Workers’ compensation provides financial protection to employees for work-related injuries or illnesses. It covers medical expenses, lost wages, and disability benefits, ensuring that workers receive proper care and compensation.

Surety Bonds

Surety bonds provide financial protection by guaranteeing the fulfillment of obligations. They involve three parties: the principal, obligee, and surety.

Why is insurance important for a Construction business?

As a construction company, having insurance is essential to protect your business, employees, clients, and manage potential risks. Construction projects involve various hazards and uncertainties, making insurance coverage crucial to safeguard your assets and liabilities. Here are some important types of insurance that construction companies typically need:

1. General Liability Insurance: General liability insurance provides coverage for bodily injury or property damage that may occur during construction operations. This can include accidents at the construction site or damages to third-party property. General liability insurance helps cover legal defense costs, settlements, or judgments if your company is found liable for such incidents.

2. Builder's Risk Insurance: Builder's risk insurance, also known as course of construction insurance, provides coverage for damage to buildings or structures under construction. It protects against losses from perils like fire, theft, vandalism, or natural disasters during the construction process.

3. Workers' Compensation Insurance: If you have employees, workers' compensation insurance is typically required by law in most jurisdictions. It provides benefits to employees who suffer work-related injuries or illnesses. Workers' compensation insurance covers medical expenses, disability benefits, and lost wages for employees, reducing your liability in case of workplace accidents or occupational illnesses.

4. Commercial Auto Insurance: If your construction company uses vehicles for business purposes, commercial auto insurance is necessary. It provides coverage for damages or injuries that may occur in accidents involving your company vehicles. Commercial auto insurance includes liability coverage, physical damage coverage for your vehicles, and coverage for medical expenses and property damage.

5. Contractor's Equipment Insurance: Contractor's equipment insurance provides coverage for your construction machinery, tools, and equipment. It protects against theft, loss, or damage to your equipment, ensuring that you can quickly replace or repair essential items.

6. Professional Liability Insurance (Errors and Omissions Insurance): Professional liability insurance is important if your construction company provides design or engineering services. It provides coverage for claims arising from alleged errors, omissions, or professional negligence in your services.

7. Umbrella or Excess Liability Insurance: Umbrella or excess liability insurance provides additional coverage beyond the limits of your primary liability policies. It offers increased protection in case of catastrophic events or high-value claims.

8. Pollution Liability Insurance: Pollution liability insurance provides coverage for environmental damages and pollution-related claims that may arise during construction activities.

9. Inland Marine Insurance: Inland marine insurance covers movable property and equipment in transit or temporarily stored away from your construction site.

Having appropriate insurance coverage helps protect your construction company from financial losses, litigation, and reputational damage. It's important to work with an experienced insurance professional who specializes in construction company insurance to assess your specific needs and risks, ensuring comprehensive protection for your construction business.

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