Steel is a popular metal in many construction projects. More and more businesses are opting for the use of steel frames, structures, and buildings instead of other traditional materials like wood due to their stability and fire resistive properties. Not only does steel provide more structural stability and offer more protection against harsh weather, but it also lasts longer. As a steel construction company, you are faced with unique challenges and sensitivities that come with your operational activities and the industry. There are liability risks every day, and careful precautions need to be taken to ensure your steel construction company doesn’t suffer financial loss because of these risks.
With steel construction company insurance from ALIGNED, your business can stay protected at all times against unexpected claims and perils that could leave your business in financial trouble or out of business.
Why is Steel Construction Company Insurance Important?
Steel construction companies provide specialized services and products. As a result, they face unique risks that could lead to costly liability claims and litigation. Without dynamic, comprehensive steel construction company insurance,
- A customer is injured because of a mistake or mishap that occurs on the job site.
- A customer suffers property damage while inspecting the job site because of your operations.
- Your commercial assets are damaged because of an unexpected peril, such as fire, theft, flood, and more.
- The steel frameworks your team builds corrodes in humidity or suffers other types of damage and collapse.
There are many other accidents that you could be held liable for, but having robust steel construction company insurance will help protect your business and reduce financial risks.
What Does Steel Construction Company Insurance Include?
Commercial General Liability Insurance – also called CGL insurance, commercial general liability insurance provides coverage for injuries and property damages occurring to a third party during your business operations. For example, if a customer is injured on your premises, you are covered for lawsuits, losses, and medical expenses.
Professional Liability Insurance – If you provide design services and make mistakes or fail to design the job properly, there could be lawsuits, and you’ll have to pay legal fees, repair and replacement costs, and more. Professional liability insurance is for situations where your mistakes cause financial loss to your customers and helps cover the fees you need to pay.
Commercial Property Insurance – Commercial property insurance protects your assets against damages in the event of a fire, vandalism, flood, or other natural accident beyond your control. It can help cover costs for repairs and replacements to your commercial property.
Find the Right Steel Construction Company 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.
