AUTOMOBILE   HOMEOWNERS   LIFE & HEALTH   BUSINESS  

picture of illinois construction siteThe construction industry has a higher level of risk for workers injuries than other organizations. The United State Department of Labor's OSHA office provides some clarity on these risks.

In 2015, 21.4 percent of worker fatalities occurred within the construction industry. Most of these injuries come from falls. Other risks include electrocutions and injury from a falling object. If you own a construction business, ample liability insurance is critical.

What Type of Liability Protection Do You Need?

Business insurance often includes liability insurance. This type of insurance provides protection to the business for many related claims. There are several forms. You may need all of them. You may need only a few.

General Liability Insurance

This policy covers claims made against your business from a non-employee. Construction companies need a high level of liability protection. It may help cover injuries from falls, mistakes or poor construction. It may cover illness-related claims, too. This type of protection from negligence claims is critically important. These claims are not uncommon. They can occur on any type of construction work site, too.

Professional Liability Insurance

Construction workers, including contractors, provide professional advice. They advise customers about how to accomplish their goals. The customer expects their advice to be safe and sound.

Mistakes can happen. When they do, professional liability insurance may provide protection. This type of insurance is an extension of general liability coverage. It provides another layer of financial support to you.

Workers' Compensation Insurance

Workers' compensation is a form of liability insurance. It is specific to worker injuries on the job. This is where many of the injuries occur in this industry. It may offer protection from falls, electrocutions, and other accidents. Most states recommend or require workers' compensation.

Understanding Your Risks

Companies need to work closely with business insurance agents to estimate risks. Liability risk can change from one year to the next. Most often, construction jobs are high-risk. This means there is a greater potential for accidents to occur. Minimizing these risks is important. Your agent may help you to do that.

Choose a comprehensive business insurance plan. Commercial liability insurance needs to offer ample financial protection. A single accident can be financially devastating to a construction company otherwise. A quality general liability insurance plan may be a good start. Work with your agent to learn if you should increase other coverage.

Need business insurance? Call Buschbach Insurance Agency, Inc. at 708.423.2350 for a fast free quote on an affordable policy.

You might also be interested in:

The 7 Type of Construction Insurance Your Company Should Consider

How to Keep Your Construction Site Safe

What you Need to Know About Builder's Risk Insurance

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Buschbach Insurance

Buschbach Insurance

 
  Our Company Services SEARCH OUR SITE
  Home
Who We Are
Privacy Policy
Make a Payment
Customer Service
Get A Quote
Insurance Types
Buschbach Insurance Agency, Inc.
5615 West 95th Street •  Oak Lawn, IL 60453
PH: (708) 423-2350 • FX: (708) 425-5077
GET SOCIAL WITH US

Facebook Twitter LinkedIn Google+
AAMGA
© Copyright 2017. All rights reserved.
Powered by Insurance Website Builder

Refer A Friend Testimonials Locations
How Can We Help You?
or call us at
708.423.2350