Secure Construction Projects Now with Elite Insurance Solutions
Several types of insurance are essential for construction projects:
- General Liability Insurance: This covers third-party claims of bodily injury or property damage, providing critical protection against lawsuits.
- Builder's Risk Insurance: Specifically designed for buildings under construction, this policy covers damages from events like fire, theft, or natural disasters.
- Workers' Compensation Insurance: Mandatory in most regions, this covers medical expenses and lost wages for employees injured on the job.
- Professional Liability Insurance: Also known as Errors & Omissions insurance, it protects against claims of negligence or inadequate work.
Understanding these insurance types allows you to tailor a package that best suits your project's needs, ensuring comprehensive coverage.