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Construction

Construction in Alabama, AR, FL, GA, IL, KY, LA, MS, NV, NC, SC, TN, TX and VA.

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?

Various Bonds :

Property Coverage Highlights

  • 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
  • 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
  • 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).
  • 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. 

Other Popular Options Available

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.

 

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