There are plenty of risks inherent in a field like construction. While you need to dedicate time and focus to crafting a plan for safety that reflects the actual threats that exist for each specific problem, you must also take time to think about other preventative steps that can help mitigate potential losses. One of the most effective ways of achieving this goal is with insurance. Take a moment to review these tips and learn about how you can find a plan that accurately meets your needs.
Extended and Additional Policies
Though a standard construction policy is going to often cover the most commonplace of risks associated with your industry, there are going to come times when extended or additional options are required. A COC insurance policy, for example, can prove invaluable to ensure that your coverage extends from the moment you break ground until after the final cleanup has taken place. This is the best way to guarantee there are no major gaps in your policy. Other areas to keep in mind when it comes to your coverage can include:
- Workers’ comp for contractors and subcontractors
- Coverage for equipment and high-value assets
- Extended coverage in event of fire or natural disaster
Options Worth Consideration
To protect your workers and your assets during your next project, you should take time to look at your options with insurance. Take time to review options like COC coverage to see which policy points are best to help you achieve your goals.
