Any size construction business can benefit from an insurance policy. Insurance provides protection from potential losses, which usually means a company will have to pay less in a settlement if they are properly insured than if they hadn’t been insured. This will protect your company from having to pay enormous sums if an accident occurs. Construction insurance in Wayne, NJ, will delve into the many facets of construction and how to best insure businesses from loss or damages.

What Types of Businesses are Covered Under Construction Insurance?

The construction industry includes many different specialty companies that all provide unique services. Thankfully, insurance providers are experienced in providing insurance for particular key areas of risk for individual companies. One company may not need the same amount of coverage as another. Construction insurance can be useful for the following types of companies:

• General contractors
• Heavy civil construction contractors
• Specialty contractors such as masons, carpenters, landscapers, electricians and plumbers
• Marine construction contractors

How Will Insurance Help My Business?

Carrying the proper amount of coverage can protect a business from crippling lawsuits. Construction insurance in Wayne, NJ, can provide specialized coverage in addition to base coverage like commercial general liability insurance, automobile insurance and worker’s compensation insurance. Carrying business specific insurance will minimize a company’s out of pocket expenses if an accident or mishap occurs.