Wanting Construction Risk Management Insurance In Brazos County?

Service Insurance Group Offers Construction Risk Management Insurance To Suit Your Expectations!

Call 979-300-7345!

Being employed in the building construction trade in Brazos County contains certain potential risks - and the risks can devastate a business if you don't have Construction Risk Management Insurance to shield you. 

Personal injury to workers and witnesses may happen instantly - and who is able to anticipate what the environment could do to a construction work place!

What exactly are a few of the harmful situations that can be found throughout the building construction arena?

  • Being hit with dropping debris!
  • Being exposed to increased sounds and debris!
  • Tumbling from high, exposed construction job places!
  • Being struck by one of the pieces of hefty machinery at the job location!

If you haven't chosen Construction Risk Management Insurance, working on a home building area in Brazos County can trigger problems that the construction service cannot afford to deal with. 

The best choice could be find the professional help of an insurer just like Service Insurance Group

They know everything regarding Construction Risk Management Insurance that can guide you in finding the best insurance protection to fulfill your specifications.

Contact Us Here!

There is no need to handle the consequences of the challenges commonly found at Brazos County house construction work sites  without acquiring Construction Risk Management Insurance to take care of unexpected damage to property and personal injury. 

Exactly why should you choose Service Insurance Group to have the coverage that you need?

  • We've been supplying clients with insurance policies for many years!
  • Our team is focused on the requirements of the building and construction community!
  • We are not tied down to just one insurer - we deal with many of the bigger businesses!

Just about any home building business should have Construction Risk Management Insurance in Brazos County the funds allows - that fee will pay for itself if anything unplanned should transpire. 

The consultants at Service Insurance Group recognize your need to have Construction Risk Management Insurance and can help you find the most suitable insurance plan and policy coverage to safeguard the investment you have with your house construction firm. 

We all can assist you to identify Construction Risk Management Insurance to satisfy business requirements!  

Looking In Brazos County For Construction Risk Management Insurance?

Service Insurance Group Can Find The Correct Insurance Policy For Your Requirements!

Call 979-300-7345!

FAQs

Constructing residential and commercial buildings can be very risky, which is why contractors need construction insurance to protect them against any losses that may occur.

Here are some questions asked by contractors about this unique type of insurance!

Who in the construction industry needs insurance coverage?

Project owners, general contractors, subcontractors and supplier all need construction insurance in order to protect their business from legal liability. Workers' compensation insurance is a requirement for all construction jobs except for those involving "independent contractors" or a small company with less than three employees.

Why is it important for contractors to have insurance?

This type of insurance is important because it allows you to protect yourself from the risks posed by your projects, which may include bodily injury or property damage. It also provides coverage for legal expenses if you are sued due to an accident, errors and omissions on your part, faulty workmanship etc.

What insurance do I need for a construction company?

In order for a construction company to receive payment from a customer, it will need to have insurance that protects its interests. A general liability policy will cover bodily injury and property damage, as well as other linked accidents should they occur. It is important to note that a contractor's legal liability for injuries resulting from faulty workmanship may not be covered by a general liability policy. To protect against workmanship-related claims, contractors should purchase a separate policy from the inception of the project through final completion and handover.

In addition to general liability insurance, builders working on construction sites will need to buy a builder's risk policy that covers damage or loss of property due to a covered peril while it is in the control of the builder.

Contractors will also need to purchase equipment insurance that covers loss or damage to their own construction equipment, tools, office materials and furnishings. This can be done directly through an insurer or through a broker who specializes in this type of coverage. Contractors should note that if their equipment is damaged by an insured peril, but is not fully covered by their policy because it is used for something other than construction work, the contractor will be responsible for covering the deductible.

Contractors should also purchase errors and omissions insurance to protect against claims resulting from defective design or faulty construction work done under the contract. This can be obtained either through a separate E&O policy or through a project's general liability insurer.

In addition, a contractor may choose to buy business interruption coverage, which reimburses for lost income while the business site is being repaired. This should be done if it can be clearly shown that the damage was not caused by an insured peril and cannot be covered under the other components of the policy.

Why is equipment insurance important?

Construction companies need to protect their construction equipment, tools, office materials and furnishings against loss or damage due to fire, vandalism or theft. Although these items may already be covered by a contractor's general liability policy, they are specifically excluded under this type of cover. This means that in the event of a covered peril, the company will have to cover all repair costs or replacement expenses. A specialized construction equipment insurance policy that covers these items can be obtained directly from an insurer or through a broker who specializes in this type of coverage.

What are some examples of specific perils?

The following are some examples of perils that may be covered under a construction equipment insurance policy:Fire, lightning and windstorm

  • Explosion, earthquake and volcanic eruption
  • Riot or civil commotion
  • Aircraft damage (collision with cars, trucks, planes)
  • Ship collision or stranding
  • Falling objects including ice and snow
  • Vehicles and smoke damage

Paragraphs 10 and 11 of the ISO property condition policy provide coverage for direct physical loss or damage occurring during the policy period to buildings and their permanent fixtures without regard to cause. Paragraph 21 provides coverage against certain damages by named perils such as fire, smoke, windstorm, hail and lightning.

Loss arising from earthquakes is covered if the specific peril of earthquake loss or damage is endorsed.

Damage arising from collapse due to weight of ice, snow, sleet and/or hoar frost is covered automatically under the policy. Coverage for wind damage due to storms other than hurricanes are available by endorsement. Damage by war or military action are not covered, and there is no coverage for nuclear hazard or radioactive contamination. Losses that are covered include direct physical loss to buildings, their permanent fixtures, contents of the buildings or other structures on the site, provided they do not arise from any "named peril" which is an insured peril specified in the policy schedule.

What is course of construction insurance?

The construction industry is unique because of the vast number of risks that are associated with any one project. The course of construction insurance policy was designed to insure against loss or damage during all phases including the design, planning, actual construction and completion stages. In addition it is meant to cover a contractor's equipment and material loss while they are being used on the project site. Such perils may include fire, lightning, explosion, windstorm, hail and riot.

Course of construction insurance is policy that provides coverage for loss or damage during all phases of a construction project which includes planning, actual construction and completion stages. The policy is meant to cover the equipment and material losses while they are on the project site. Such perils may include fire, lightning and explosion.

What is contract works insurance?

Contract works insurance is a specialized type of policy where the insured are general contractors who have entered into agreements with their clients to carry out construction or other types of work. Depending on contractual terms, it may also provide cover for the cost of design and planning expenses required before actual construction begins. The contract needs to be in writing, name all parties involved, specify the type of work to be done, certify that it is free of defects and ensure that the contractor has the appropriate skills needed.

Course of construction insurance provides coverage for loss or damage during all phases of a construction project which includes planning, actual construction and completion stages. Construction equipment insurance policies provide coverage for tools and equipment used on the site during construction.

How are contract works insurance premiums determined?

Contract works insurance premiums are calculated based on the type of services to be provided, the total value of the contract, and the amount of estimated loss resulting from thefts or damages. The premium is usually paid by your client but it may also be split between you and your client.

What is building contract insurance?

Building contract insurance provides protection for materials and labor used to construct or repair a new or existing structure under one or more construction contracts, where the cost of building the structure is $500,000 (not including land) or more. It also protects against damage caused by any "named perils" such as fire, lightning or explosion for a period of 60 days after the work is complete.

A policy that provides protection to materials and labor used to construct an existing structure with a cost of $500,000 (not including land). It also protects against damage by certain "named perils" such as fire, lightning or explosion during 60 days after work is complete.

What are some of the benefits of having construction insurance?

The main benefit of construction insurance is that it provides protection for all participants involved in a construction project. The insured can include general contractor, subcontractor, supplier and even the company who has employed them. This approach allows owners to reduce their potential liability on projects that have been damaged due to clients' negligence.

What is construction indemnity insurance?

Construction Indemnity Insurance is a policy which provides protection to the insured against claims made by others due to bodily injury, property damage or other loss. It also covers financial losses that may be incurred if one is found liable for breach of contract or warranty. A part of any general liability insurance plan, this coverage does not only protect the company, but also their employees and other individuals.

How do you handle damage caused by a contractor?

The general rule is that if a contractor damages your property, they are responsible for repairs. Nevertheless, the owner should still file a claim in order to receive compensation. The downside is that if you want to file a claim with your insurance company and your contractor is uninsured, you'll have to foot the bill for replacing or repairing the property on your own.

What insurance do you need for a construction business?

As long as you are involved in construction or other building projects, there are several types of coverage that you will be required to have. These insurances include general liability, commercial auto, workers' compensation and contract works. They protect your company from claims brought by employees, clients who contract your services and the public. In addition to these, you may also need to acquire "special" covers where required under your contract.

What is a completed operations clause?

A clause that prohibits an insured from making claims on incidents arising after the policy expires. This provision is common in construction contracts and indemnity insurance . It can be found in liability insurance policies. Completed operations clauses are present in most construction work contracts that contain an indemnity provision.

What is a construction contract insurance policy?

A document that outlines the terms and conditions of your business arrangement with your client. The major components of this agreement include:

  • Contract price (cost) & payment schedule (progress billing)
  • Scope of work
  • Time schedule for completion
  • Payment deductions from retainage/progress payments
  • Specifications & materials to be used
  • Insurance requirements including liability, workers' compensation and other additional covers you may need.

What is a retention?

A portion of a payment that a general contractor withholds until the subcontractor has completed the work, performed labor and services. It is used to guarantee that there would be no cash flow problems for either party if a project runs into financial trouble.

Do you need the same insurance for residential and commercial construction projects?

No, your insurance requirements differ depending on the type of project you are involved with. Generally there are more risks associated with commercial construction projects.

What is a completed operations clause?

A clause that prohibits an insured from making claims on incidents arising after the policy expires. This provision is common in construction contracts and indemnity insurance . It can be found in liability insurance policies. Completed operations clauses are present in most construction work contracts that contain an indemnity provision.

What is a construction contract insurance policy?

A document that outlines the terms and conditions of your business arrangement with your client. The major components of this agreement include:

  • Contract price (cost) & payment schedule (progress billing)
  • Scope of work
  • Time schedule for completion
  • Payment deductions from retainage/progress payments
  • Specifications & materials to be used
  • Insurance requirements including liability, workers' compensation and other additional coverages you may need.

Is construction insurance required in Texas?

Yes. The minimum insurance requirements in Texas include general liability, commercial auto, workers' compensation and contract works. They protect your company from claims brought by employees, clients who contract your services and the public. In addition to these, you may also need to acquired "special" covers where required under your contract.

What is construction equipment insurance?

Construction equipment insurance , also known as heavy equipment insurance, is a policy that insures the construction company's various types of heavy machinery and other large equipment. Most policies cover ground-level equipment only while the risk of overhead damage is excluded from coverage due to high premiums. Equipment typically covered under a construction equipment policy includes:

  • Bulldozers
  • Cranes
  • Forklifts
  • Loaders
  • Excavators
  • Paving equipment (asphalt/concrete)

Construction insurance provides protection against machine damage or destruction, accidents involving employees who are operating the equipment or third parties. For example, if a driver of one of your construction vehicles is involved in an accident or a piece of heavy equipment is damaged or destroyed, you will need construction insurance to cover the costs of replacement and repairs.

What is construction equipment insurance premiums based on?

Construction equipment insurance premiums are based on many factors, such as:

  • The general classification of the work - for example, low rise building commercial construction verses highway bridge.
  • Time period when the policy is in effect - if premium is calculated over a six month period, this will cost less than 12 months.
  • The amount of insurance required - generally, the greater the amount of equipment to be covered, the higher the premium.
  • The location of operation - generally, the further your work takes you from base camp, or if you are working in a remote area with limited access to transportation and supplies, the higher premiums will be.

Tamie Bittle

Verified

Y'all were my easy button, even though it may not have seemed that way from the start. I was in a rush to secure a builders risk policy for my home renovation after Harvey and SIG came through with a competitive bid and was able to get me covered in my short timeline to start the demo. There were a few miscommunications along the way, but the team was very polite and expeditious to rectify the situation with comfort and professionalism. I will definitely recommend you guys to friends and family. Thanks!
My broker was so patient and efficient.He found us the perfect plan for our company. I will definitely recommend him to anyone looking for insurance.

Amanda Gray

Verified

This company made the process of getting the right coverage at a reasonable rate for our commercial property a breeze. Our agent, Mr. Hurt, took care of everything from start to finish, short from paying for the coverage themselves. I highly recommend them!

Garrett

Verified

Susie Lybarger

Verified

They are very thorough and made me feel a lot better after just talking to them

Ines Tani

Verified

Sue Brinkman

Verified

Service Insurance Group's Customer Service is Excellent. They are very efficient, friendly and Professional. They go the extra mile to make sure they are providing the best option on all your Insurance needs. I would highly recommend everyone to at least get a quote from them, you won't be disappointed.

Juan Guerrero

Verified

We have received the best advice to obtain insurance for our small business. Very grateful to Ryan.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.
Cannot say enough good things about my experience with Ricky and his team at Service Insurance Group. Always prompt responses, extremely helpful, and very professional. I highly recommend their services!

Duilio Tani

Verified

Bradley Hurt did really help us to find the right insurance companies we were looking for. Thank you.

Chris Hunter

Verified

Great people to work with! I think the main reason to go with Service Insurance Group vs a big box carrier is that their agents shop their carriers to find the right insurance for your need and budget. It's better than going to a big box agency as you're not stuck with just one carrier and what they're selling. I highly recommend Service Insurance Group if you're looking for insurance for you or your business!

Gloria Roberts

Verified

people here were so kind, nice n made me feel very comfortable. thanks so much.

Cheryl Calame

Verified

Great service!

Juan Guerrero

Verified

We have received the best advice to obtain insurance for our small business. Very grateful to Ryan.
My broker was so patient and efficient.He found us the perfect plan for our company. I will definitely recommend him to anyone looking for insurance.

rene chaho

Verified

Bradley takes the time to answer my questions every time. Look no further.

JOSIE DELEON

Verified

Great & quick responses! Bradley helped me very easily process! Highly recommend.

Cheryl Calame

Verified

Great service!
Extremely quick and made sure I was getting the right insurance policy that my customers required. Will be coming back for all of my insurance needs.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.
Great Insurance Agency. Very professional and they will search numerous companies to get you the best rate.

Duilio Tani

Verified

Bradley Hurt did really help us to find the right insurance companies we were looking for. Thank you.

Trey Clark

Verified

We use SIG for our primary home, rentals and all of our vehicles. We are extremely pleased with the rates and service we receive from both Brad and Monica at SIG. We refer them every chance we get. We appreciate having a local insurance company we can depend on.

Ines Tani

Verified

Rachel Golden

Verified

SIG has handled our business insurance policies for the last 6 years. Great service and lovely people to work with!
Brad worked with me to find the right product to fit my specific needs. He went above & beyond & I'm so thankful to have him in my corner if/when I need anything.

Trey Clark

Verified

We use SIG for our primary home, rentals and all of our vehicles. We are extremely pleased with the rates and service we receive from both Brad and Monica at SIG. We refer them every chance we get. We appreciate having a local insurance company we can depend on.

JOSIE DELEON

Verified

Great & quick responses! Bradley helped me very easily process! Highly recommend.

Rachel Golden

Verified

SIG has handled our business insurance policies for the last 6 years. Great service and lovely people to work with!

Nick Johnston

Verified

Service Insurance Group is the only locally-owned / operated full-spectrum insurance provider I would do business with. They are simply outstanding: professional, responsive, caring, and customer-oriented. Thank you!!!

rene chaho

Verified

Bradley takes the time to answer my questions every time. Look no further.
Great Insurance Agency. Very professional and they will search numerous companies to get you the best rate.

A.J. Reese

Verified

I have been working with SIG for almost a decade now. and they always provide prompt, courteous, and professional service. Also great rates.

Chris Hunter

Verified

Great people to work with! I think the main reason to go with Service Insurance Group vs a big box carrier is that their agents shop their carriers to find the right insurance for your need and budget. It's better than going to a big box agency as you're not stuck with just one carrier and what they're selling. I highly recommend Service Insurance Group if you're looking for insurance for you or your business!

Nick Johnston

Verified

Service Insurance Group is the only locally-owned / operated full-spectrum insurance provider I would do business with. They are simply outstanding: professional, responsive, caring, and customer-oriented. Thank you!!!

Sue Brinkman

Verified

Service Insurance Group's Customer Service is Excellent. They are very efficient, friendly and Professional. They go the extra mile to make sure they are providing the best option on all your Insurance needs. I would highly recommend everyone to at least get a quote from them, you won't be disappointed.

Tamie Bittle

Verified

Y'all were my easy button, even though it may not have seemed that way from the start. I was in a rush to secure a builders risk policy for my home renovation after Harvey and SIG came through with a competitive bid and was able to get me covered in my short timeline to start the demo. There were a few miscommunications along the way, but the team was very polite and expeditious to rectify the situation with comfort and professionalism. I will definitely recommend you guys to friends and family. Thanks!

Sharon Rose

Verified

The response time was very quick. My needs were understood and met. Any concerns I had were addressed and explained. I did not get an automated system when I called. It was a pleasure to work with them.