Construction Insurance

A fundamental mechanism for managing risk on construction projects is insurance. There are a myriad of types of insurance policies available for construction projects. Such policies provide two basic benefits: indemnification for losses arising out of covered claims; and a defense in the form of legal representation for claims that may be covered by the applicable policy. Coverage merits close administrative attention to ensure that all of the risks are properly recognized and managed. Typical forms of insurance on construction projects include:

  • Commercial General Liability Insurance (“CGL”)
  • Property Insurance
  • Builder’s Risk Insurance
  • Professional Liability Insurance
  • Excess/Umbrella Insurance
  • Vehicle/Equipment Insurance
  • Worker’s Compensation Insurance