Construction Business Insurance: Safeguarding your dream | UNIVISTA INSURANCE

Construction Business Insurance: Safeguarding your dream

Construction Business Insurance: Safeguarding your dream. A few years ago, a contractor from a small Florida-based company was in a terrible situation amidst a construction project. What began as a home renovation project took a nightmarish turn due to a short circuit, resulting in a fire that reduced a significant part of the structure his small crew was working on to ashes.
They say that when it rains, it pours. Indeed, the salvation for this contractor was that he had construction business insurance.
Because unforeseen events can strike at any moment, having the right coverage in place is crucial, especially if you own a company. That’s why we’ll delve into some of the critical coverages necessary for small construction businesses in Florida:

  • General Liability Insurance: This coverage is fundamental and protects against injuries or damages to third parties during construction. In a state prone to natural disasters like Florida, this policy is essential for any company.
  • Workers’ Compensation Insurance: Mandatory in Florida, this insurance protects employees in case of work-related injuries or illnesses. It also aids the company in the subject of lawsuits.
  • Property Damage Insurance: Like in the initial anecdote, this insurance covers property damage caused by fires, vandalism, or natural disasters. It’s essential for safeguarding investments in construction projects.
  • Equipment and Tools Insurance: Many small construction businesses rely on expensive equipment. This coverage ensures the repair or replacement of damaged or stolen machinery.
  • Professional Liability Insurance: This type of policy is crucial for architects, engineers, and construction contractors. It protects against lawsuits related to the quality of work.

As you can see, having the right coverage isn’t just a legal requirement in Florida; it also provides peace of mind and protection for small companies. If you’re a contractor and have your back covered with insurance from Univista Insurance, you can focus on your work to realize your dreams in Florida’s vibrant construction market. Construction Business Insurance: Safeguarding your dream.

Give us a call today for a comprehensive assessment! 305-728-2088. You can also get a free quote here.