- Construction insurance covers the significant financial risks tied to operating a construction business. Building contractors must secure job sites, meet contracted deadlines and take charge of subcontractors.
- Companies that engage in construction include contractors, company owners, architects, engineers and others. All take on risk with their participation in construction projects and need the risk protection provided by construction insurance.
- Some construction insurance products are similar to other insurance category types, while some are specific to the industry. Common types of construction insurance include auto, workers compensation, excess, general liability, owners and contractors protective liability, railroad protective liability, property and inland and contractors professional/contractors pollution liability.
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