New Construction Business? Make Sure You Have the Right Insurance Coverage

Starting a construction business is an exciting venture, but it comes with significant risk. From jobsite injuries to property damage, every day presents potential liabilities that could impact your bottom line—or worse, shut you down entirely. That’s why having the right business insurance isn’t just smart—it’s essential.

Here’s a quick guide to the types of insurance most construction companies need, and how an independent insurance agent can help you find the right policy for your business and your budget.

Essential Insurance Coverage for Construction Companies

Whether you’re a general contractor, subcontractor, or builder, these are the core insurance policies to consider:

1. General Liability Insurance - This is the foundation of any contractor’s insurance plan. It covers third-party bodily injury, property damage, and legal fees—essential protection when working on someone else’s property.

2. Workers’ Compensation - Required in most states, workers' comp provides wage replacement and medical benefits to employees injured on the job. It also protects your business from related lawsuits.

3. Commercial Auto Insurance - If you use vehicles to transport materials, tools, or workers, you’ll need coverage that protects against accidents, theft, or damage involving business-owned vehicles.

4. Builder’s Risk Insurance - Covers materials, tools, and the structure itself during the construction phase. It helps protect against losses due to fire, theft, vandalism, or weather events.

5. Contractor’s Equipment Insurance - Provides coverage for tools and equipment—whether stored onsite, in a truck, or on the move.

6. Professional Liability (Errors & Omissions) - If you offer design-build services, this can protect you from claims related to professional errors, faulty design, or missed deadlines.

7. Surety Bonds - While technically not insurance, many construction contracts require bonds to guarantee project completion and compliance with licensing requirements.

Why Work with an Independent Insurance Agent?

Construction businesses aren’t one-size-fits-all—your insurance shouldn’t be either. Independent agents aren’t tied to a single insurance company. That means they can:

• Shop multiple carriers to compare coverage options and premiums
• Customize policies based on your specific trade, location, and risk level
• Offer ongoing support as your business grows or your needs change
• Explain complex coverages in plain English so you understand what you're buying

Whether you’re just getting started or scaling your operation, the right insurance partner can help ensure your business stays protected—and profitable.

Indiana Liability, Business and Workers' Comp Insurance

You build structures. We help build protection. Don’t leave your construction business exposed to unnecessary risks. Contact our team today to review your current coverage or get a quote tailored to your needs. Located in Westfield, we offer liability, business, and workers' compensation insurance coverage throughout Central Indiana including Indianapolis, Carmel, Noblesville, Fishers, Zionsville, Brownsburg, Whitestown, and throughout the entire state. Additionally, we offer insurance services in Colorado, North Carolina, and Ohio.