What Insurance Do You Need for Your Construction Company? 

From job site accidents to property damage, the right business insurance policies can help you financially safeguard your company from significant expenses in case of a loss. At McDermett Insurance Agency, we help construction business owners navigate their policy options.

Essential Insurance Policies for Texas Construction Companies

Understanding which policies are most important can help you protect your finances in the event of unexpected losses. Here are some of the key coverages we recommend for construction businesses:

• General liability insurance: It can help with relevant expenses if you’re held responsible for third-party injuries, property damage or personal injuries arising from your operations. This policy is often required by clients and landlords.
• Workers’ compensation insurance: This covers medical expenses and lost wages if an employee is injured or ill due to a workplace accident.
• Commercial auto insurance: This can help pay for third-party damage or injuries resulting from accidents involving company vehicles.
• Builders risk insurance: This covers buildings under construction as well as materials and equipment on site. It can help with damage caused by fire, theft, vandalism or certain weather events during a project.

• Professional liability insurance: This covers claims of errors, omissions or negligence in the services you provide.
• Equipment insurance: This can help with repair or replacement costs if a tool or machinery is damaged by a covered risk.
• Umbrella insurance: This offers extra liability protection beyond the limits of your primary policies.

How Our Team Can Help

Our team will assess your risks and recommend policies that fit your needs, budget and goals. We’re here to answer your questions and help you secure the right coverage for every project.

Contact us today to discuss your insurance options and request a 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.