Construction Insurance in Lancaster, CA
The construction industry is complex and usually involves a higher level of risk than other industries. Construction insurance is essential and helps provide protection against financial losses throughout the building process. Without the proper insurance, contractors and builders could face significant out-of-pocket expenses, legal liabilities, and even business closure or lost contracts after a major incident.
What Is Construction Insurance? 
Construction insurance is a category of coverages designed to address the unique risks of construction and renovation projects, including the following:
- General liability insurance may cover third-party injuries or property damage caused by construction activities.
- Builder’s risk insurance may cover the structure under construction and the materials on the construction site in the event of fire, theft, vandalism, weather-related events, or other incidents as outlined in the policy.
- Workers’ compensation insurance is required in most states and may cover medical expenses and lost wages for workers who suffer injuries or illnesses on the job.
- Commercial auto insurance may cover vehicles used to transport materials, tools, or personnel.
- Contractors equipment insurance may cover valuable machinery and tools in incidents of damage or theft as outlined in the policy.
Why Do You Need Construction Insurance?
No matter how diligently you follow safety precautions, accidents can and do happen. Even a small incident could result in lawsuits, financial loss, or shut down your project. Construction insurance may help cover your assets and build trust with clients and investors.
Contact Us
The team at Huddleston Insurance Services in Lancaster, CA is ready to help you with your construction insurance needs. Contact us today for a personalized quote or more information.