Expert reviews and guides for construction insurance and software.
In the construction industry, there are many different types of insurance products designed to protect projects, builders, employees, and owners from risk. From builders risk and general liability to OCIPs and commercial auto, navigating the various types of available policies (and knowing which are required) can be a daunting task.
To start, read our complete guide to construction insurance below before diving into our reviews of specific insurance products.
Understanding Construction Insurance There are many different types of insurance designed to protect property owners, developers, and contractors through the various phases of a construction project. In fact, certain types of construction insurance policies are required for many projects. In the sections below, we’ll review the basics of construction insurance, the most common types of ...
Commercial truck insurance is coverage that protects trucking businesses, businesses that use trucks, or independent truck drivers. This guide will cover all of the information business owners and contractors should know when buying commercial truck insurance. More specifically, this guide will review how commercial truck insurance works, how much it costs, different coverage options, requirements ...
Workers’ compensation insurance (also known as workers’ comp or workman’s comp insurance) is coverage that compensates employees of an insured company when they are injured during work. This guide will cover the basics of workers’ compensation insurance, including how it works, what it covers, costs, and requirements. This guide will help companies analyze the top ...
If you frequently use your personal vehicle for business, or your business owns a commercial vehicle, there is a good chance you should have commercial auto insurance. Because personal car insurance will not cover vehicles used for business, people across all industries—from construction to pizza delivery—make use of commercial auto insurance to protect themselves, their ...
The Best OCIPs: Summed Up Understanding Owner Controlled Insurance Programs Owner controlled insurance programs are complex insurance products that can offer great opportunities for cost savings, superior risk management, and streamlined insurance claims processing for property owners and/or construction project managers. However, getting started with an owner controlled insurance program is more involved than setting ...
Builders risk insurance (also known as course of construction insurance) covers buildings and other structures while they are under construction. There is a lot to know about builders risk insurance before purchasing a policy. If you aren’t already familiar with how these policies work, this guide will help you understand everything you need to know. ...
Taking out a home equity line of credit (HELOC) is a great way for homeowners to use the equity they’ve built in their home to fund renovations, finance major purchases, or consolidate debt. If you want to borrow money against your home, choosing the right HELOC lender is essential. Getting a line of credit from ...