Construction Insurance; What and Why?

Home   ›   Commercial   ›   Construction

If you’re reading this, you were probably searching the web, trying to figure out how to protect yourself in the construction endeavor you’re about to undertake. You may be scratching your head, trying to figure out precisely what coverage you need. Well, my friend, relax. You’ve come to the right place. So let’s dig into it.

What is Construction Insurance?

Construction insurance is a broad term referring to any insurance policy that provides coverage during a construction project. The tricky part is that the kind of coverage you need depends on your role in the project. For example, are you the Contractor, the Property Owner, or a Subcontractor? Also, is the property residential or commercial, and who’s purchasing the coverage? A business or an individual?

Do You Need It?

If you’re the property owner, it may benefit you to seek coverage for things like the building itself or the transit of certain high-cost materials. On the other hand, if you’re a contractor, Builders Risk Insurance or Course of Construction insurance may be more beneficial for you. You’ll also want to consider Commercial and Contractor General Liability insurance.

No matter your needs or where you are in the planning process, making sure your bases are covered is a great place to start. We at Althans specialize in ensuring you’re protected no matter what comes your way. So contact us today for a consultation and quote tailored to your specific needs.