Insurance for General Contractors in Texas

As a general contractor, you are responsible for coordinating everything that happens in a construction project. Working in conjunction with engineers and architects, you have to supervise the construction site, manage the flow of supplies, oversee crew members and vendors, and communicate important information to various parties involved in the project. With so many responsibilities on your plate, you also become aware of the numerous risks that you face on a daily basis. You are the leader of the band, so you also bear the brunt of accountability when something goes wrong.

At Quote Texas Insurance, we know that you need a comprehensive set of insurance solutions that can provide you coverage for your massive risk exposure. As we have been in business for so long and have assisted so many other general contractors like yourself, you can count on us to afford you the same excellent products and services that our other clients have enjoyed for years. Quote Texas searches 65 top rated carriers to find the best match for your unique business needs. 

Reliable insurance solutions for general contractors

General contractors normally carry the following insurance coverages to protect themselves and their business:

  • Commercial general liability insurance – As a general contractor, your duties cover a range of responsibilities. To protect you from common liability claims that may arise out of the work you do, you need commercial general liability insurance. The coverage can include claims for bodily injury and property damage resulting from negligence on your part. In addition to any court-ordered compensation for the other person, the commercial general liability insurance also covers the cost of your legal fees. In construction sites, accidents can come in a whole slew of possibilities. Your workers could drop a hammer on a parked car, or a pedestrian could trip over your construction supplies. When such incidents happen, your commercial liability insurance can step in to provide coverage.
  • Professional liability insurance – What happens if your workers do not properly dispose of waste products like asbestos and lead from a construction project? There's a chance that people could become exposed to these hazardous materials, and they could sue you as a result. Before someone even brings you to court because of negligence or erroneous work, you should have already anticipated it. A professional liability insurance policy helps protect service-providing individuals like general contractors and their workers from bearing the entire cost of defending a negligence claim made by their clients. It also pays for any damages that may be awarded in a civil lawsuit.
  • Commercial property insurance – General contractors rely on properly functioning tools, equipment, and supplies to be able to ensure the completion of construction projects. In case these get damaged or lost due to perils like fire, theft, and vandalism, commercial property insurance can pay for their repair or replacement. Additionally, this policy also helps pay for damage which your main business location or field office might sustain due to similar perils.
  • Workers' compensation insurance – Although construction employees may abide by safety rules and regulations, accidents can still happen. When you or your employee becomes ill or gets injured while doing your job, this insurance policy will help cover the costs of your medical and hospital bills. Furthermore, it can also cover for other items, including missed wages and funeral costs, should the injury or illness result in death. A workers' compensation insurance policy is very important to general contractors because they hire subcontractors. If an uninsured subcontractor's employee gets injured, you could be taken to court and made to pay compensation.
  • Commercial auto insurance – General contractors need vehicles to transport employees, construction supplies, and equipment. By having business vehicles, you are naturally exposing yourself to the risk of costly accidents. In the event that your company vehicle figures in a car crash, the commercial auto insurance policy provides coverage for physical damage which your vehicle might sustain, in addition to injuries which you or your passengers might suffer. Moreover, it can also cover the costs of your legal defense if there are other people involved in the accident and they decide to sue you in demand for compensation.

Equip your general contracting business with insurance solutions that help keep you financially protected. Quote Texas Insurance can help you come up with a risk management plan that meets your specific needs. If you have any questions or you're ready to take the next step to get insured, call us at 817-385-1553 or contact us here