Road Constructors Contractor Insurance

Like other businesses in the construction industry, your Road Constructors Contractor business is likely in high demand. Given the seasonal/weather related considerations your focus has to be on running your business, meeting deadlines, managing staff and this likely leaves little time to worry about the risks associated with being a road building contractor and/or whether you have the best insurance coverage and/or bonding. However, given the potential for serious injurie, accidents, property damage etc that your business could face this is actually one of the most important aspects of your business because inadequate coverage can mean your business may not survive a claim brought against it. 

Road Constructors Contractor Insurance
Looking for Road Constructors Contractor Insurance? Contact us HERE to get a free quote now!

What is Road Constructors Contractor Insurance? 

This coverage protects your business from a number of potential claims related to your business activity. The right insurance package means you don’t have to worry about your business operations, because our team at ALIGNED has already done that for you. The type and extent of insurance coverage you require depends on the size and scope of your business, the number of employees you have, and several other factors, including the type and size of road construction projects you undertake. You are in charge of your team and it’s important that you also protect their livelihood as well. Give yourself the peace of mind of knowing that your Road Constructors Contractor business is properly covered. 

What type of insurance do Road Constructors Contractor businesses require? 

You need insurance that will provide protection for each of the road construction projects your company undertakes and that covers you various risks while not on a job site too. This means you are covered from the bidding stages to the final completion and during the winter months as there are always risks that could harm your business. Risks include potential construction delays, potential harm to those present on a construction site, damage to vehicles that are using the road during the construction and theft of tools, supplies and equipment is always a concern. You may anticipate some of the risks, and others will be unexpected. 

Here are some of the types of insurance that can protect your Road Constructors Contractor business: 

  • Commercial General Liability Insurance protects you in the event that bodily injury or property damage occurs to third parties as a result of your business activities. 
  • Property Insurance protects your business’s physical location and all your physical assets from extreme risks such as floods or fire, as well as vandalism and theft. 
  • Crime Insurance protects you against theft by employees and other forms of crime. 
  • Commercial Auto Insurance protects your company and the company from the consequences of accidents. 
  • Umbrella Liability Insurance protects you when your regular liability coverage is exhausted during a significant event. 
  • Bonds: Bid bonds, performance bonds, labour & materials bonds, lien bond etc. are all financial guarantees needed to by road builders

When do Road Constructors Contractor businesses need insurance? 

  • A large piece of your road construction equipment is damaged in an electrical storm while it is on a job site. 
  • A member of the public wanders through your job site after hours, despite barriers and signage, and injures himself. 
  • Your employee damages a guard rail on a highway project with a company vehicle, which also sustains damage. 

Find the Right Road Constructors Contractor Insurance from ALIGNED

ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have.

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