Insurance for General Trade Construction Industries in Texas

Commercial General Liability Insurance

There’s a big possibility that someone could get injured or something will get damaged while working on a project. If you ever get sued for the disasters that occurred, it’ll financially burden your business. However, with commercial general liability insurance, you won’t have to settle the claims with your own cash. This policy covers damages created by actions of your business operations or employees. These include:

• Bodily injuries
• Deaths
• Damage to other people’s property
• Advertising and personal injury (e.g. libel, slander, invasion of privacy, etc.)

Commercial Property Insurance

Although your industry deals with the construction of other properties, you shouldn’t forget to take care of your own office. Disasters can occur anytime and can damage the contents and structure of your property. Without the right assistance, you’re forced to restore and/or repair your property with your own money. However, if you have commercial property insurance, the policies will be able to cover the damage or loss to the following items:

• Furniture and fixtures
• Buildings or structures
• Other people’s properties
• Equipment and inventory of goods
• Landscaping

Commercial Auto Insurance

In case your company and commercial vehicles meet an accident while traveling to the construction site, commercial auto insurance will cover the damage and losses. This insurance provides coverage for any of the following circumstances:

• Damage to vehicle resulting from collision
• Liabilities resulting from damage to another person’s property
• Liabilities resulting from bodily injury or death
• Injury or property damage caused by uninsured or hit-and-run motorists
• Personal injury/medical payments of the insured
• Damage to vehicle from non-collision cases (e.g. theft, vandalism, fire etc.)

Professional Liability Insurance

Professional liability insurance is also good to have, especially since your industry relies on people who specialize in construction. This is applicable in cases where the client issues the following claims against your business:

• Did not provide services as promised or advertised
• Made mistakes in the service rendered
• Committed negligence in the course of delivering your services

Professional liability insurance will also cover your legal defense, as well as the costs of any compensation the court might order you to pay.

Worker’s Compensation Insurance

Providing your laborers with benefits is one way to appreciate their efforts. But, a workers compensation policy gives your employees the following benefits if ever they should meet an unfavorable situation during work:

• Medical benefits
• Income benefits
• Death benefits
• Burial benefits
• Vocational rehabilitation benefits

Workers compensation also prevents your employees from claiming that you did not give them any job security while conducting day-to-day operations.

Equipment and Tools Insurance

Your industry uses a lot of tools to finish a building or structure. Because of this, it’s common for your equipment to get damaged or malfunction while being used. Replacing or repairing every damaged item can be both costly and an inconvenience for your workers. To help relieve you from this burden, equipment and tools insurance will cover the cost of the repairs and replacement.