Construction

Are you a general contractor, excavation contractor, carpenter, plumber, electrician, heating and air contractor, cabinetmaker, painter, or any other type of artisan contractor? At Woodall & Hoggle Insurance we take pride in providing responsive and creative solutions to a wide range of contractors - small, as well as mid-sized and large. Woodall & Hoggle Insurance believes that providing the right insurance protection starts with an in-depth understanding of every one of its customers' businesses. Our solutions are tailored per account size, contractor type, risk exposure, geographic area and line of business. Contact us today to get more information about your specific insurance needs.

Who Needs Construction Insurance?

Any business that works in a construction trade, such as building construction, heavy construction, or home improvement (interior and exterior), needs to carry insurance to protect their assets from damage, theft, and liability.  General contractors, subcontractors, and specialty trade contractors depend on insurance to keep their businesses and employees safe and productive.

What Coverages are Needed?

  • Builder's Risk Insurance is a special type of property insurance which indemnifies against damage to buildings while they are under construction. Builder's risk insurance is coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used in the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause.
  • Contractors Pollution Liability - Contractors face many pollution risks stemming from operations at their job sites. These include contaminated soil disposal and the accidental release of fuel oil, chemicals and toxic gases from broken pipelines, utilities, and stationary and mobile fuel tanks. Contractors Pollution Liability insurance helps protect a wide range of pollution risks associated with construction projects.
  • Contractors Professional Liability - Trends in the construction industry to create a collaborative construction team are increasingly exposing contractors to professional liability issues. Faulty design, construction management liabilities, and subcontracted design errors are just a few of the exposures that impact contractors and the construction industry today. A contractor who is not adequately insured for professional liability exposures can experience severe hardship in the event a claim is made or a suit is filed.
  • Railroad Protective Liability provides the special coverage you need to meet the railroad's requirements and fill in the coverage gap in most general liability policies. Any type of business or company that owns, manages or works on property that has a railroad line running across it needs this insurance.

Various Bonds :

  • Bid
  • Performance and Payment
  • Release of Lien
  • License and Permit
  • Supply

Property Coverage Highlights

  • Accounts Receivable: Coverage on and off premises.
  • Business Income and Extra Expense: Covers income that is lost due to suspended operations caused by damage at the described premises from a covered cause of loss.
  • Business Personal Property off Premises: Coverage for Business Personal Property Off Premises (other than stock), including while in transit or temporarily away from the scheduled premises and at a premises you do not own, lease or operate, or at any fair, trade show, or exhibition.
  • Commercial Auto: Provides coverage for cars, trucks and vans used by you or your employees for business purposes.
  • Commercial Property:
    • Commercial Buildings you own.
    • Business Personal Property:
    • Machinery and equipment not permanently attached to the building
    • Stock – raw, in process, and finished
    • Furniture & Fixtures
    • Personal Property of others
    • Electronic Data Processing Equipment, Data and Media:
      • Coverage subject to the Business Personal Property limit.
      • Enhanced perils protection against loss by electrical current, mechanical breakdown and power failure.
      • Electronic Vandalism
      • Off premises (including transit) coverage, backup data off premises coverage, and newly acquired equipment coverage
  • Crime Coverage:
    • Employee Dishonesty
    • Forgery or Alteration
    • Theft of Money and Securities
    • Money Orders and Counterfeit Paper Currency
    • Theft Damage to Rented Property coverage is included within Business Personal Property when tenant is contractually obligated to make repairs
  • Equipment Breakdown:
    • Diagnostic Equipment, Power Generating Equipment, and Production Equipment
    • Service interruption of water, communication, or power supply services is covered from a covered breakdown (when Business Income and Extra Expense is covered).
  • Signs:  Coverage is available
  • Valuable Papers and Records:
    • Coverage on and off premises.
    • Covers the cost to research, replace or restore lost information.

General Liability Highlights

General Liability Coverage protects you against claims for damages because of bodily injury or property damage to others resulting from your business operations. 

  • General Liability Limits of $1 million per occurrence / $2 million aggregate are standard
  • Advertising and Personal Injury Protection
  • Medical Payments
  • Damage to Premises Rented to You
  • Limited Worldwide Coverage
  • Products/Completed Operations Coverage is available from most carriers.

Other Popular Options Available

  • Higher Limits for Most Individual Coverages
  • Water or Sewer Back-up and Sump Overflow
  • Hired and Non-owned Auto Liability
  • Blanket Additional Insured - Broad Form Vendors
  • Blanket Additional Insured - Lessors Of Leased Equipment
  • Blanket Additional Insured – Owners Managers Or Lessors Of Premises
  • Blanket Waiver of Subrogation

In addition to the construction options listed above, Woodall & Hoggle also recommends some very important coverages that all business owners need to understand and consider:

Commercial Umbrella Liability Insurance – protects your organization against large, catastrophic liability claims. The policy acts as excess coverage over your primary liability policy(s).The coverage limit applies in addition to the limit(s) provided by underlying coverage(s).
Cyber Crime Liability Insurance - protects your organization from an invading army of exposures, such as e-theft, destruction of critical data, defamation, libel, copyright or trademark infringement, e-vandalism, e-threats, denial of service, and more.

Directors  & OfficerLiability Insurance - provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the company.

Employee Benefit  Liability Insurance - covers the cost to employees that result from employer processing errors related to employee benefits. Some examples of this would be an employer not providing the employee with the appropriate COBRA information following termination that results in the ex-employee losing benefits, or an employer neglecting to add an employee to a benefits plan or adjusting coverage as requested.

Employment Practices Liability Insurance - provides protection for an employer against claims made by employees, former employees, or potential employees. It covers discrimination (age, sex, race, disability, etc.), wrongful termination of employment, sexual harassment, and other employment-related allegations. It covers your firm, including its directors and officers.

Professional Liability (Errors & Omissions) Insurance - protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract. Coverage includes legal defense costs - no matter how baseless the allegations. Errors and Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy. Errors & Omissions Insurance coverage extends to both W2 employees and 1099 subcontractors, and can be worldwide in scope.

Workers' Compensation Liability Insurance - provides coverage to employees for accidents or disease arising from employment.  Benefits may include lost wages, medical expenses, and permanent disfigurement/disability payments. State law requires that employers provide Workers' Compensation Insurance for their employees.