Builders Insurance

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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, your business could be vulnerable.

That’s where we come in.

At Simply Business, we understand the challenges that come with being a builder. That’s why our policies cover the unique risks you face as a builder. Plus, you can find an online quote in under 10 minutes, or call one of our licensed insurance agents for expert help with picking the right policy.

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What Type of Insurance Do I Need as a Builder?

While every building business is different, there are specific insurance policies we recommend for builders to keep them protected. These coverages include:

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, such as your accidentally damaging a client’s property or a passerby being hurt by falling debris on the worksite.

This insurance can also protect your business from claims of reputational damage, in the event one of your employees slanders a client on Facebook (really!).

General liability insurance 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.

Contents Coverage for Builders

If you’re like most builders, you’ve spent a lot of money on your tools and equipment. But would you be able to replace them if they were damaged or stolen?

That’s why we recommend adding contents coverage to your builders insurance. Contents coverage provides financial protection in case your tools are damaged or stolen during the course of your work. If this happens, your policy may cover the cost of repairing or replacing your work tools (up to your policy limit).

Our contents coverage can be affordably packaged with our general liability insurance, so be sure to request it when shopping for a quote.

Workers Compensation Insurance for Builders

Whether you have full-time or part-time employees, your state may require you to carry workers compensation insurance for your building business.

If an employee gets injured on the job, workers compensation insurance can cover medical costs and lost wages. Carrying workers compensation can provide security and protection, as having this coverage prevents an employee from suing your building business for their workplace injuries.

Workers compensation insurance usually covers:

  • Medical payments
  • Lost wages
  • Rehabilitation expenses
  • Death benefits

Builders Insurance FAQs

Finding builders insurance can feel confusing; fortunately, we’re here to help. Check out our answers to the most frequently asked questions about builders insurance.

Do builders need insurance?

Without a doubt, yes! Builders insurance can be fundamental for protecting your finances, your tools and equipment, and your clients’ property. Without builders insurance, you’re personally liable for any damages or accidents your business causes. Even if your business didn’t actually cause the damage, you’d still have to pay for your legal defense if the customer sued you.

That means you’d have to pay those bills out of your pocket, and sometimes those bills can be large enough to put you out of business.

What does builders insurance cover?

Builders insurance can be customized to provide protection against the risks you most often face while running your business. So whether you need just general liability insurance to cover you in case of property damage or you want to insure your tools and equipment, we can add these policies to your builders insurance coverage.

Is builders insurance a legal requirement?

It depends on your state of residence, as well as the city where your business is located. However, even if you’re not required to be insured in your state, there are several reasons you should carry it:

  • Builders insurance prevents you from paying out of pocket for property damage and accidents.
  • It can cover legal costs if your business gets sued.
  • Customers may be reluctant to hire you unless you have insurance coverage.
  • It can help you get approved for a business license.

How much does 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
  • Your location
  • The services you provide
  • And more

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

Why Choose Simply Business?

Simply Business is an online business insurance brokerage that lets you compare and buy policies from top insurers. We have over a decade of experience in making business insurance clear and simple for our customers.

We pride ourselves on making business insurance:

  • Fast and Affordable: You have better things to focus on, like running your business. Our policies are fast, affordable, and ready when you are.

  • Tailored to You: Forget one-size-fits-all insurance. Get the protection your business needs, when you need it most.

  • Flexible with Coverage: Whether you need increased coverage for the busy building season or a policy for a large project, Simply Business can help.

After all, you’ve worked hard to grow your building business. That’s why we offer the best coverage to protect it.

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