Working in construction comes with a wide range of possible risks, which include many liability- and property-related perils. Construction insurance policies help Massachusetts businesses in this line of work protect themselves from many of the risks that they face.
Construction insurance policies are commercial policies that have been uniquely tailored to meet the needs of professionals and businesses in the construction field. Because this work comes with multiple risks, most policies come with a variety of individual coverages that get packaged together.
There are many different businesses in Massachusetts that might benefit from the protections that a construction policy offers. Few businesses in the construction field have no risk exposure, and this is normally the most appropriate type of policy for these businesses to get.
Speaking more specifically, the National American Industry Classification System (NAICS) is a categorization system that’s widely used within the insurance industry. The system has more than 1.5 million different businesses that are categorized by industry, and there are a number of different construction-related business listed. Some of the more notable ones include:
Most businesses in these categories will find that a construction policy is well matched to their risk mitigation needs.
Businesses that would like to know whether they fall within any of these or another construction-related category according to the NAICS should speak with an insurance agent who specializes in construction liability insurance and related coverages. A specialized agent can look up the exact category that a business falls under based on the work that the business does.
Construction policies typically offer a wide array of construction liability insurance, property insurance and other insurance protections that businesses can select from.
Some of the more commonly available liability protections are:
Some property protections that are often offered are:
Most businesses in construction also need some form of commercial auto insurance, but the type of auto coverage that’s needed varies depending on who owns the used vehicles and how they’re driven. A knowledgeable insurance agent can help businesses decide what type of commercial auto insurance is most appropriate for their vehicles.
For help insuring a Massachusetts business in the construction field, contact the independent insurance agents of Haberman Insurance Group. Our agents have helped many businesses in this field find policies that meet their construction liability insurance and other insurance needs, and our team is ready to assist you. Since we have only independent agents, you can trust them to recommend the best available construction insurance policies no matter what insurance company offers them.