General Liability Insurance

CONCRETE CONTRACTORS

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Concrete Contractors Liability Insurance

As a concrete contractor, you are responsible for a variety of tasks, like laying concrete foundations, paving sidewalks and driveways, building in-ground pools, and much more. Whether you primarily serve residential or commercial customers, having a concrete contractor business can be extremely profitable. However, it’s important to protect your business financially with concrete contractor general liability insurance.

General liability insurance for concrete contractors is a comprehensive policy that every business owner can benefit from. It includes many different types of coverage that provide valuable financial protection in the event of a loss. In addition, you might need to have this type of insurance in order to operate your business in certain states.

What Does Concrete Contractors General Liability Insurance Cover?

When you purchase a concrete contractor general liability insurance policy, you receive several different policies that can protect your business in various situations. These policies include:

Bodily Injury

General liability insurance provides financial protection in the event of a third-party bodily injury claim. If you are sued, it will cover your business’s legal fees, as well as a settlement or judgment with the injured person.

For example, imagine you lay concrete for a front walkway, and the homeowner slips in wet concrete because the area was not properly marked off. They fracture their wrist and sue your business for their medical bills. Fortunately, your general liability insurance policy would cover your legal fees.

Property Damage

Property damage liability insurance protects your business against third-party claims of property damage. This policy pays for your legal fees, plus repair costs if you are found to be at fault for the damage.

For instance, let’s say your concrete mixer starts leaking oil and it gets all over a client’s new driveway. The client asks your business to cover the cost of power washing the driveway to remove the oil stains. In this case, the property damage portion of your general liability insurance policy would pay for it.

Products and Completed Operations

After you finish a job, things can still go wrong. If you are found liable, the client might decide to sue your business for the damages, putting your business in financial jeopardy. However, concrete contractor general liability insurance includes products and completed operations coverage for this type of situation.

Imagine you lay the concrete for a new in-ground pool, and a few months later, the concrete begins to crack. The homeowner notifies you, and upon assessment, you believe that the issue was caused by improper mixing ratios during manufacturing. If the homeowner decided to sue your business for the damages, your insurance company would defend you in court and pay for your legal fees.

Medical Payments

If someone gets injured on a job site, the medical payments portion of your concrete contractor liability insurance policy will pay for their medical expenses. Medical payments insurance will help cover the cost of things like ambulance rides, x-rays, surgery, hospital stays, and rehabilitation costs.

However, medical payments coverage has a relatively low policy limit, usually around $10,000. If the person’s medical bills exceed the policy limit, they may be able to receive additional compensation from your bodily injury liability insurance policy.

Personal and Advertising Injury

Personal and advertising injury insurance applies to lawsuits for libel, slander, or copyright infringement. These types of lawsuits often arise as a result of advertising or marketing mishaps.

Here’s an example. Imagine you are rebranding your concrete contractor business and you choose a new slogan. A few months later, however, you learn that another company uses the same slogan, and they decide to sue your business for copyright infringement. Your personal and advertising injury insurance would pay for the lawsuit.

Damage To Premises Rented To You

If you rent an office space where you meet with clients or rent a warehouse to store your tools and equipment, you can benefit from the portion of general liability insurance that covers damage to rented premises. For example, if a fire breaks out at your rented storage warehouse, your general liability insurance policy would pay for the repairs.

What Does Concrete Contractor General Liability Insurance Not Cover?

Although concrete contractor liability insurance covers many of the risks you might face as a business owner, it won’t cover everything. Here are a few things that general liability insurance does not cover:

  • Intentional injuries or property damage
  • Injuries to employees
  • Tools and equipment

Every general liability insurance policy is slightly different, so it’s a good idea to review your policy details carefully. This will help you avoid a surprise in the event of a claim. If you have questions about your policy’s coverage, you can also speak with an agent from your insurance company.

How Much Is Concrete Contractor General Liability Insurance?

The cost of concrete contractor general liability insurance depends on a few factors. Unique variables, like your state, the number of employees you have, and your deductibles can all impact the premium. On average, the cost of concrete contractor general liability insurance starts at $25 per month.

Other Insurance For Concrete Contractor

In addition to general liability insurance, here are some other types of insurance that concrete contractors should consider purchasing:

General Contractor Business Insurance Costs

GENERAL LIABILITYPopular

$ 25

month
  • Unlimited Certificates
  • $100,000 to $5,000,000 Limits
  • $250 Deductible Available
Get a Quote

WORKERS COMP

$ 150

month
  • Unlimited Certificates
  • $100,000 to $1,000,000 Limits
  • Medical Care Coverage
  • Disability Coverage
Get a Quote

TOOLS & EQUIPEMENT

$ 17

month
  • Unlimited Certificates
  • $10,000 to $500,000 Limits
  • Trailer Coverage
Get a Quote

COMMERCIAL AUTO

$ 99

month
  • Unlimited Certificates
  • $100,000 to $1,000,000 Limits
  • Hired /None Owned Cvg
Get a Quote