Kicking Off Construction Season in Florence? Don’t Forget These Key Insurance Coverages

Construction projects typically involve many risks, such as injuries, delays and equipment issues. As construction season begins, contractors and business owners may benefit from reviewing their insurance coverage. Ed Smith Insurance understands construction and renovation risks in South Carolina and can help assess appropriate insurance needs.

Essential Insurance Coverages for Contractors

Many contractors insurance packages include multiple types of policies, such as the following:

• General liability insurance may help address thirdparty claims involving bodily injury, property damage or personal injury that occur on a job site or as a result of the policyholder’s operations.
• Workers’ compensation insurance is generally required by state law for businesses with four or more employees and may help cover medical expenses and lost wages if an employee is injured on the job.
• Commercial auto insurance may help cover costs from accidents or damage involving business vehicles, including personal automobiles being used to transport tools, materials or workers.
• Builders risk insurance is intended for properties under construction and may apply to buildings, and materials and equipment stored at a job site, helping address losses from fire, theft, vandalism or severe weather.

Additional Coverages to Consider

These coverages may also be relevant:

• Professional liability insurance may help address claims related to errors, omissions or advice provided by designbuild firms or contractors offering planning services.
• Equipment and tool coverage may help cover costs if tools, machinery or other equipment are stolen or damaged.
• Commercial property insurance may be necessary if a business has its own buildings or offices, as it can cover such assets, as well as on-site equipment, tools and inventory.
• Commercial umbrella insurance may provide additional liability coverage beyond the limits of underlying policies for certain large claims.

Secure a Policy Today

Contact Ed Smith Insurance today to learn more about your insurance options and get a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.