As a concrete contractor, securing the right insurance is crucial to protect your business from unforeseen risks. Our concrete contractors insurance covers essential aspects like premises liability, product liability, and completed operations, ensuring you are well-protected against common industry hazards. Standard liability insurance limits for this line of work are typically set at $1,000,000 per occurrence and $2,000,000 aggregate. These limits help safeguard your business from potential lawsuits and claims that could otherwise be financially devastating. From accidents that happen on the job site to issues arising from your finished work, our insurance has you covered.
As a concrete contractor, you are required to have liability insurance by most state and local jurisdictions. Additionally, many contracts with clients or general contractors will require you to show proof of insurance before starting any work. This requirement is in place to ensure that all parties involved are protected in case of accidents or damages. Without proper insurance, you might not only face legal penalties, but also risk losing valuable business opportunities. It’s crucial to understand these requirements and maintain adequate coverage to stay compliant and competitive in the industry.
Business Owners Policy (BOP): This bundles general liability and property insurance, offering a comprehensive solution tailored to small business needs.
Business Auto Insurance: Coverage for vehicles used in your contracting business, protecting against accidents, damages, and liability on the road.
Surety Bond: Ensures that your contractual obligations are met, providing financial protection to clients in case of incomplete or faulty work.
Workers Compensation: Required by law in most states, it covers medical costs and lost wages for employees injured on the job.
Excess Liability Insurance (Umbrella): Extra coverage beyond your primary liability limits, offering additional protection against large claims.
Bodily Injury: A worker slips on wet concrete, injuring their back, resulting in significant medical expenses and lost wages.
Property Damage: While pouring concrete, a nearby structure is damaged due to a formwork failure, leading to costly repairs.
Business Interruption Loss: An unexpected fire at your storage facility delays project timelines, causing a loss of income until operations resume.
Business Personal Property Loss: Theft of expensive tools and equipment from a job site, requiring costly replacements to continue work.
The cost of insurance for concrete contractors varies based on numerous factors, including the size of your business, the scope of work, location, and claim history. However, we strive to offer competitive rates tailored to your specific needs. Below are some options we may be able to offer:
We’re big believers in keeping things simple, so ask us anything and we’ll answer honestly and without the jargon.
How to get a certificate of insurance?
Once you purchase an insurance policy with us, we will promptly email your certificate of insurance, ensuring you can provide proof of coverage to clients or regulatory bodies as needed.
How soon can I get concrete contractor insurance?
The buying process can take less than 15 minutes, depending on your specific requirements and the information provided.
What to know before buying concrete contractor insurance?
Obtain all your insurance requirements from your contractors, subcontractors, vendors, clients, state or local government offices, or whoever wants to check your insurance, before you purchase this insurance. This ensures all your requirements are addressed.
Insurance Price
Insurance premiums are based on several factors, including but not limited to the location, operation characteristics, number of owners, employees, claim history, and more.
How to prevent job site accidents?
Ensure proper safety training for all employees, use protective gear, regularly inspect equipment, maintain a clean and organized worksite, and always follow industry safety standards to reduce the risk of accidents.
(888) 900 0205
