Commercial Contractor Insurance & Construction Bonds

Insurance coverages largely depend on the contractor’s operations, contracts, employees, vehicles, equipment, and construction project risks. Our agents commonly consider the general liability, workers’ compensation, commercial auto, tools and equipment coverage, and overall risk when recommending coverage plans.

Insurance policies can cover specified losses or liabilities under one policy. Construction bonds provide financial guarantees relating to particular obligations during the process, such as bidding on or completing a project. The protection offered depends on the policy or bond terms.

All contractors can face exposure to pollution risks, even in low-risk sectors. Pollution liability covers contractors for damages caused by pollutants they work with or transport such as paints, chemicals or pesticides. We offer competitive pricing and are continuously exploring new markets to provide comprehensive pollution coverage options.

Pollution Liability Coverage can be essential for contractors who work with or transport hazardous materials. For example, if a contractor accidentally punctures a gas line or causes mold to spread due to improper construction, pollution liability can cover clean-up costs and restitution for damages.

Types of Pollution Liability Coverage:

• Pollution Legal Liability: Coverage for on- or off-site pollution claims, including bodily injury, property damage, and clean-up costs.
• Professional and Contractor Environmental Liability: Covers pollution-related claims stemming from your professional services, including advice and recommendations made during the course of a project.
• Trucking Pollution Insurance: Extends coverage to hazardous materials transported from one location to another.
• Storage Tank Pollution Liability: For businesses storing hazardous materials in tanks (e.g., fueling stations).

Yes – Liability Insurance policies can help protect your business against claims involving bodily injury, property damage, personal injury and other covered liabilities. Whether you’re a contractor, developer, or business owner, the right coverage can help protect your assets and financial future. It also protects against product-related injuries, claims for defamation (libel/slander), and lawsuits from third parties.

Key features of Liability Insurance Coverage include:

• Legal and defense costs for lawsuits
• Coverage for bodily injury to others or damage to their property
• Protection against claims for libel, slander, or defamation

Yes – Employer Practices Liability Insurance (EPLI) helps protect your contractor business against claims of wrongful termination, discrimination, harassment, and other employment-related issues. Adding Third-Party Liability insurance coverage can protect against certain claims of harassment or discrimination brought by customers, vendors, or other non-employees. Both policies can include coverage for legal costs, which can quickly add up.

Yes – Obtaining Loss of Income Coverage can help protect your contracting business if a covered event disrupts operations and reduces the amount of income you’re receiving. Depending on your insurance policy, coverage may help pay ongoing expenses and lost income while you recover for an unexpected disruption in a construction project.

It is possible depending on the construction bond type; the companies’ underwriting requirements, and the contractor’s financial position. Madison Avenue Insurance Group can help explore available options for construction bonds.