When starting a construction business or project, you should carefully consider what type of insurance you need. There are various types of insurance intended to cover construction companies, general contractors, developers, and property owners.
Byars Wright, a distinguished provider of business insurance, can help you determine the type of coverage you need. We have a deep understanding of the construction industry and have provided coverage for multiple parties involved in construction projects across Alabama.
To speak with one of our specialized insurance agents, contact a Byars Wright office in Jasper, Alabaster, Cullman, Gardendale, and Homewood, Alabama.
Types of Construction Insurance & Specialized Coverages
While ‘construction insurance’ is not actually a form of insurance, different policies best provide protection for construction projects. These policies include:
- General Liability
- Commercial Auto
- Workers’ Compensation
- Builders Risk
- Inland Marine
- Surety Bonds
- Umbrella Liability
The law requires all construction companies to have specific types of insurance, like commercial auto. However, we recommend you move beyond what is required and consider all kinds of insurance. By combining different insurance policies, you can keep your business protected against significant financial liabilities.
To take it a step further, we recommend you choose an agent that not only knows what you need but truly understands the ins and outs of this industry. Take a look at this blog on Surety & Bonding to see what we mean!
Construction Risk Management Specialists in Alabama
At Byars Wright, we have a qualified team of risk management specialists. Our team can effectively identify and address areas of risk within your construction project to minimize your liability and keep your workplace and employees safe.
Give Byars Wright a call to speak with a member of our Risk Management Services division today! We have offices in Alabaster, Cullman, Gardendale, Homewood, Jasper, and the Birmingham, Alabama area.