Builders Insurance

Customized Coverage for Builders Like Yo

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Builders Insurance That’s Made Just for You

Whether someone needs a new office building or wants to build their dream home, you know how to get the job done. But being a builder comes with a lot of risks and regulations - and without the best insurance coverage, you could be leaving your business vulnerable.

That’s where we come in.

At Simply Business, we understand the challenges that come along with being a builder. That’s why we take the time to understand your business, so we can find the exact policy that leaves you covered and protected.

What Insurance Do Builders Need?

Whether you specialize in commercial building or provide residential remodeling services, you’re probably spending a lot of time on clients’ properties. That means you’re dealing with plenty of risks and regulations, which can open you up to damages, accidents, and even lawsuits.

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General Liability Insurance For Builders

Think of builders liability insurance as the foundation of your protection. General liability insurance - also referred to as commercial general liability insurance - can cover you in a variety of cases like if you accidentally damage a client’s property or a passerby ends up getting hurt because of falling debris on the worksite. This insurance can even protect your business from claims of reputational damage, like if one of your employees slanders a client on Facebook (really!).

General liability usually covers unintentional:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Medical expenses
  • Defense costs
  • And more

General liability insurance usually does not cover:

  • Workers compensation
  • Claims involving your tools and software
  • Professional services
  • Employment disputes
  • And more

Learn more about General Liability Insurance.

Professional Liability Insurance for Builders

Professional liability insurance - or errors & omissions (E&O) insurance - is a type of policy that provides coverage in the event a customer claims you were negligent whole providing your building services. If your customer decides to sue your builders business, your professional liability insurance policy may cover damages and legal costs that you might be ordered to pay due to that negligence.

Professional liability insurance usually covers:

  • Negligence or alleged negligence
  • Legal defense costs
  • Claims involving libel and/or slander
  • Copyright infringement
  • And more

Professional liability insurance usually does not cover:

  • Third-party property damage
  • Personal injuries
  • Reputational damage
  • And more

Workers Compensation Insurance for Builders

As soon as you hire your first employee, you may need workers compensation insurance. Not only is it legally required by most states, but this policy can protect you by covering the legal and medical costs of an employee who was injured on the job.

For example, if you accidentally run over an employee’s foot while operating a forklift, your workers compensation policy can pay for medical bills, as well as the employee’s lost wages. If your employee decides to sue, your policy could cover your legal costs.

Learn more about workers compensation insurance.

How Much Does Builders Insurance Cost?

Wondering how much builders insurance cost? While there’s no one-size-fits-all answer, your builders insurance costs are usually determined by:

  • The size of your business
  • The size of your team (employees and subcontractors)
  • Your location
  • The services you offer

Want to see how much your builders insurance may cost? Just click here to answer a few questions about your business.