Construction sites are full of risks. From heavy equipment to dangerous machinery operated by employees, there are countless opportunities for people to suffer injuries and for properties to sustain damage. In the event of something going awry, it could be you who will be held liable. Without the proper coverage, this can potentially spell financial disaster and potentially the end of your business. However, with adequate insurance, you will be better able to handle the claim and resume business as usual.
If you are a contractor wondering what insurance you need, you have come to the right place.
While insurance is your best line of defense against unforeseen accidents, it should not be the only measure of protection you implement. Practicing effective risk management helps to prevent an incident from happening in the first place. Approach risk management proactively — have your insurance in place as a safeguard but do what you can to reduce risk in daily operations. Consult with your risk manager, legal advisor or insurance professional as to your individual business insurance needs.