Commercial Builders Insurance
Commercial builders face daily risks, injuries, equipment theft, and delays that can derail projects and cause financial strain. Insurance is essential not just for protection, but also for legal compliance and securing contracts.
Choose the right coverage from trusted insurance providers.
Why Business Insurance Is a Must for Builders
In my years working alongside commercial teams on construction sites, I’ve seen how even a smooth project can quickly go off track due to unexpected risks.
A single accident where a worker gets hurt or a thief steals valuable equipment can lead to serious costs. That’s why having the right insurance isn’t just smart, it’s often required to comply with state laws or to secure contracts with a client.
These policies are more than just paperwork; they protect both the builders and the job itself.
What types of business insurance do commercial builders need?
In the construction industry, commercial builders need business insurance to cover common risks like injuries, damages, and delays. The right policies protect their work and keep their business running smoothly.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How Much Does Commercial Builders Insurance Cost?
The cost of commercial builders’ insurance varies based on the size of the business and the services offered. An independent builder typically pays less than a large construction company. Premiums are influenced by several factors:
- Services offered such as residential homes, framing, or debris removal
- Value of business property and equipment
- Types of business insurance coverage
- Coverage options: including policy limits and deductibles
- Additional insured endorsements
- Extra protection, like builder’s risk insurance or surety bonds
How to Get Commercial Builder's Insurance
Getting commercial builder’s insurance is simple when you have your business details ready. Whether you work independently or manage a team, you’ll just need to provide basic info like your construction company’s revenue and number of employees. With services like Eagle Nation, you can:
- Fill out a free online application
- Compare quotes and choose policies
- Pay for your coverage and instantly download a certificate
Licensed agents help match you with trusted U.S. insurance providers to ensure you get the right protection for your commercial builders business at the best rate.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common Questions About Commercial Builders Insurance
It's called Commercial Property Insurance, also known as Business Property Insurance. It protects your owned or rented building and the physical assets like tools and equipment used to run your business.
Yes. If you're a business owner and own the property, you're responsible for buying commercial property insurance to protect your investment from risks like fire, theft, and natural disasters.
It's costly because of increasing risks like wildfires, earthquakes, floods, and mudslides, especially in places like California. The more frequent and severe these disasters are, the more risk insurers take on, which raises the premium.
It doesn't cover routine maintenance or damage from wear and tear. Only unexpected damages like those from fire or storms are typically included.
The price mainly depends on the total value of the project, including materials, labor, and existing structures. The higher the project value, the higher the insurance premium.
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"After using this insurance, we felt way more secure on-site. It covered a tool theft incident without delays. Totally worth it!"