What are the Main Reasons to Buy Construction Insurance?

by | Mar 11, 2019 | Insurance

If you own a construction business, then buying construction insurance in Fresno CA is a must. Read on to know why.

Your clients require it

Property owners will not hire you or project developers will not allow you to participate in the bidding process unless you are insured. If you want your business to be competitive in the field, bag more jobs, and grow, then you need to be covered first, The Balance says. In particular, clients will ask whether your contractors have insurance coverage or not. If they are, then you’re much more likely to get hired over the rest of your competition.

You want theft protection

By getting the right construction insurance in Fresno CA, you can count on protection from loss caused by several situations. If there is theft on site, site pollution or commercial crime, then being covered for those losses can mean the difference between dealing with thousands’ worth of loss and knowing the insurance company will cover the amount.

You want accident coverage

Defects, equipment breakdown and accidents can be covered under your construction insurance as well. However, not all insurance companies may provide it. Before you pick one, look for the financial products it offers.

You want protection in case your contractor fails

When you look for a construction insurance policy, check if it includes contract surety bonds, which give you protection from financial loss in case your contractor fails to deliver on the terms and conditions of the contract.

You want asset protection

Construction insurance also protects your personal assets from being used to cover for the costs of treatment or property damage that may arise after a job site accident. With an Owners and Contractors Protective Liability coverage, your insurance provider can provide dedicated limits of liability to cover the costs.

If you want to take advantage of these benefits, start looking for the right construction insurance.

Reach out via their website, DiBuduo & DeFendis Insurance Brokers, LLC, via phone at 559-432-0222, email at info@dibu.com.

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