Construction insurance is essential for almost anyone in the construction industry. Typically this form of insurance appeals to builders, contractors, sub-contractors, architects & design firms and all stakeholders in construction projects.
Coverage comes in various forms like property insurance, builders’ risk insurance, commercial auto insurance, workers compensation and various forms of worker casualty insurance. Policies specifically aimed at builders usually cover things like materials, machinery and tools.
The likelihood of accidents happening on a construction site which cause property damage and personal injury is very high. These accidents could be extremely costly and adequate construction insurance should be taken out to cover this risk.
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