Coverage Spotlight: Insurance in Construction

The construction industry is constantly evolving, meaning the imperative for robust insurance coverage has reached new heights, especially in light of the recently enforced regulations by the Contractors State License Board (CSLB) at the onset of 2023. Specific trades, including Roofing (C-39), Concrete (C-8), HVAC (C-20), Asbestos Abatement (C-22), and Tree Service (D-49), are now mandated to carry workers' compensation insurance. Starting  January 1, 2026, all contractors must be covered by workers' compensation insurance regardless of their workforce size. At Brashears & Newendorp, we recognize that construction insurance stands as the cornerstone for safeguarding investments, mitigating risks, and ensuring the seamless completion of projects. Let’s delve into the intricacies of construction insurance, shedding light on the competitive market surrounding this particular industry and its coverage.General liability insurance is your safety net. It shields you from the unexpected – whether it's a third-party injury or property damage. It's more than a policy; it's peace of mind, ensuring your business can thrive without unnecessary financial setbacks.Your workforce is the backbone of your construction business, making Workers' Compensation a must in construction. Ensuring your crew’s safety on the job is not just a legal obligation; it's a moral responsibility. Workers' compensation insurance provides security for your employees, offering financial support and access to medical care in the event of a workplace injury or illness. Builder's risk insurancecovers project-specific property and materials, shielding against damages from accidents, theft, or natural disasters. It's crucial to ensure financial protection for both contractors and owners throughout the building process.Professional Liability Insurance in construction is vital, as it acts as a protective shield for architects, engineers, and other design professionals. It safeguards against claims of errors or negligence, ensuring that projects proceed smoothly and reputations remain intact.Surety Bonds act like a safety barrier. They assure project owners that the job will get done as agreed. If unexpected hiccups occur, the bond steps in to cover financial losses. It's like a construction project's trusty sidekick, keeping things on track.Contractor's Equipment Insuranceis your project's shield. From bulldozers to tools, it covers the gear powering your success. When unexpected mishaps strike, this insurance ensures that your equipment is protected, keeping your projects moving forward without a hitch.Environmental Liability Insuranceis crucial for mitigating risks related to pollution, ensuring compliance, and safeguarding against unexpected environmental liabilities. Don't overlook this vital coverage—it's your shield against potential environmental challenges in the construction industry.Commercial Auto Insurance is your project's road companion. It covers vehicles used for hauling materials and tools, ensuring a smooth ride by handling accidents and damages. It's the extra layer of protection your construction team needs on the journey to project success.In the competitive realm of construction, Brashears & Newendorp’s emphasis is on more than just providing coverage; it's about fostering partnerships with contractors and project owners to navigate the complexities of the construction industry. As a construction insurance specialist, we understand that each project and company is unique. Our team is committed to working closely with local tradespeople to tailor a construction insurance solution that aligns with your business's specific risks and requirements. Whether you're a general contractor, subcontractor, or construction project owner, contact us today to discover guidance that provides comprehensive coverage and brings you peace of mind.