Like any other business, the construction industry can be a target for crippling financial setbacks arising from lawsuits and medical claims. In fact, due to the nature of the work involved, contracting companies are perhaps more vulnerable than most.

It is important, therefore, that builders and contractors are protected by construction general liability insurance. When considering a policy, companies should be certain coverage is provided in four key areas.

Property Damage: It is not unusual for a construction crew to cause damage to a customers property at a worksite. Liability insurance is designed to pay for the damage up to the terms detailed in the policy.

Medical Claims: If a non-employee of any type is injured at a construction site, the builder may be held accountable for medical costs. Construction general liability insurance provides coverage (again, under the specific terms of the policy).

Legal Defense Costs: Liability insurance helps with the cost of defending against an adversarial claim.

Settlement and Damages: When a lawsuit results in a settlement or judgment, the insurance company pays the money awarded the claimant ,up to the terms of the policy.

The construction business is fraught with opportunities for incidents that could lead to litigation or significant medical claims. Don’t risk the health of your company. Protect yourself with comprehensive construction general liability insurance.