Build a Risk-Free Business Today with Construction Insurance

Regardless of what type of construction business you own and operate, construction insurance is a necessity. Coverages included in this type of insurance include materials, natural disasters, employees, and risks.

This type of specialized insurance will aid in the recovery from injuries, accidents, damages, and lawsuits. In many instances, the owners of the property in which you work or the developers of projects will require construction insurance before your construction business is allowed to take part in the bidding process.

Business Coverage

There are many types of businesses that qualify for construction insurance. The most common types include the following:

  • Asphalt
  • Concrete
  • Deck Building
  • Excavation
  • Fence Building
  • Granite Work
  • Home Building
  • Home Improvement
  • Land Clearing
  • Parking Lot Construction and Striping
  • Remodeling
  • Roofing
  • Siding
  • Sprinkler Installation
  • Stone Work
  • Welding
  • Windows

Regardless of your specialty, if you build it or create it, you will need to obtain construction insurance to protect yourself, your business, your employees, your clients, and your work.

Types of Construction Insurance Coverage

There are several types of coverages that you may obtain for construction insurance. The following outlines the most sought after and general information pertaining to each:

  1. General Liability – This type of coverage helps to cover the risks that are commonly associated with construction and contracting
  2. Workers’ Compensation – This insurance covers medical bills and related costs associated with injuries that happen on the job.
  3. Commercial Auto Insurance – This covers the motor vessels that you use in your construction business from vandalism, damage, theft, and if they are involved in any type of accident.
  4. Tools and Equipment – This insurance helps to repair and/or replace any tools and/or equipment that you use in the line of your work if they are damaged, lost, or stolen.
  5. Professional Liability – This coverage is designed to assist in covering any type of legal expense that may occur when an on-the-job error leads to a lawsuit.
  6. Builder’s Risk – This covers damage that is done to a structure in which you are working if a fire or any type of vandalism is done.


The amount that you have to pay for construction insurance will be dependent upon many different factors.

These include the type of construction and contracting services that your company provides to clients, the equipment that you use, the type of property in which you work, and your location.

Other factors include the number of people that you have working for you and the amount of revenue that your business brings in each year.

Finding Coverage

Finding the right type of construction insurance in New York may prove to be exceptionally challenging. You may find it a hassle talking to multiple companies and trying to figure out the right coverage for your needs.

If you would like to eliminate all of this and obtain coverage today, we here at Modica Insurance will be able to assist you. Simply call us today for more information: 718-855-1836

Recent Posts