CONTRACTORS LIABILITY COVERAGE NEEDS

COMMERCIAL LIABILITY COVERAGES

Liability coverage is needed by a construction contractor in order to obtain most jobs. In addition, if a contractor wants to stay in business, liability coverage must be obtained to protect it from lawsuits due to its premises operations, off-site locations and products/completed operations exposures. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to meets its obligations for particular jobs.

Claims-Made to Occurrence Coverage

Commercial General Liability Coverage

Employee Benefits Liability Coverage

Employment-Related Practices Coverage

Owners and Contractors Protective Liability Coverage

PROFESSIONAL LIABILITY COVERAGES

Construction contractors may employ or contract with individuals who provide services that require errors or omissions coverage. Professional and errors and omissions claims are based on malpractice, errors or mistakes made in the performance of a variety of professional duties. Because these errors, omissions and mistakes are excluded in the general liability policy, the insured must purchase separate professional liability coverage in order to have much needed insurance protection.

Architects or Engineers Professional Liability Coverage

Errors and Omissions Insurance

Safety and Environmental Consultants Errors and Omissions Coverage

COMMERCIAL AUTO COVERAGES

Contractors use their vehicles to get to and from their workplaces and jobsites. They also may use those vehicles to transport equipment and inventory. It is important to cover the liability of these vehicles for injury or damage they may cause, as well as providing coverage for damage to the vehicles themselves. When a contractor works in a foreign country or outside the territorial limits of the policy, automobile coverage must be purchased in the locale where the work is being done.

Auto Medical Payments

Business Auto Coverage

Collision Coverage

Hired Cars

Nonownership Automobile Coverage

Uninsured/Underinsured Motorists Coverage

EXCESS AND UMBRELLA COVERAGES

Significant projects can expose contractors to significant losses. These losses can bankrupt a company if the policy limits are not adequate. Either an excess or umbrella policy is often needed to obtain the types of limits needed. If commercial general liability coverage was previously provided by a claims-made policy, purchasing retroactive excess coverage is advisable.

Excess Liability Coverage

Retroactive Excess Liability Coverage

Umbrella Coverage

AVIATION COVERAGES

When jobsites are spread over large areas or are located in remote areas many contractors may find that the most cost-effective way to supervise the sites is through the use of owned, leased or hired aircraft.

Aircraft Liability Coverage

Aircraft Passenger Liability Coverage

Aircraft Physical Damage (Hull) Coverage