Insurance Baton Rouge

Construction risks are genuine, and no one knows that better than the owners and managers of those in the construction industry. The work involved in the construction business encompasses many different occupations and tasks. According to the latest numbers (U.S. Census Bureau) construction spending rose 7% in 2017.

Consider this remarkable fact; 40% of small businesses (including construction companies) do not re-open after a significant loss. If your construction company is going to thrive, you will need to manage your risk, which includes having the right insurance program. While construction insurance involves many different kinds of insurance, we wanted to identify three that are critical to your success.

Key Contractors Insurance Coverage

Workers’ compensation is a no-fault system of benefits provided to workers who have job-related injuries. If your company has employees, you are required by law to buy workers’ compensation insurance. Your employees should be covered for any work-related injury or illness. Sole proprietors with no employees, and approved self-insured’s are not required to carry workers’ comp insurance.

General liability for contractors covers your legal liability obligations if your firm or employees cause damage or injury to third parties. If a third party (client or other) alleges bodily harm, injury, or property damage, and you don't have general liability coverage, your construction business assets could be seized to pay the judgment. General Liability Insurance offers the peace of mind that your construction business will have the necessary funds to continue even when faced with a costly claim.

Owned, leased or rented equipment is the lifeblood of your business. Having your tools and equipment insured will ensure that when a loss occurs, you will have the resources to keep operating. You need to replace tools and equipment quickly, and a well-designed property program can be there for you.

We offer contractor policies for every type of project

•    Property

•    Builders risk insurance and course of construction

•    Liability insurance

•    General liability insurance

•    Contractor insurance

•    Commercial auto

•    Umbrella

•    Workers’ compensation

•    Railroad protective

•    Equipment insurance

•    Contractor bond

 

Fourrier Agency, Inc., a third generation, Louisiana owned agency, represents the most stable and financially secure companies in the marketplace today. We shop multiple A rated companies for you to provide a variety of options to choose from.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version