GENERAL LIABILITY INSURANCE
What General Liability Insurance Covers
Whether you’re a large contractor or a small subcontractor, general liability insurance is essential to protect your business from claims involving personal injury, property damage, or medical expenses. This coverage safeguards your assets and helps your business withstand costly lawsuits, offering broad protection against various risks common in construction.
COMMERCIAL UMBRELLA INSURANCE
What Umbrella Insurance Covers
Umbrella insurance, or Excess Liability coverage, boosts your existing liability limits, often in $1 million increments, at a low cost. For construction professionals, it helps meet higher liability requirements for larger contracts and increases coverage on general liability, employer’s liability, and auto policies, reducing financial risks.
COMMERCIAL AUTO INSURANCE
How Commercial Auto Insurance Works
Commercial auto insurance protects your business vehicles and the tools, equipment, or goods they transport. It covers damages from events like accidents, theft, or vandalism, ensuring that your vehicles are repaired or replaced and your operations can continue without major interruptions. However, it does not cover damage to personal property within the vehicle or unrelated liabilities.
WORKERS COMPENSATION
How Worker’s Compensation Protects You
Worker’s compensation insurance also protects you — the employer — from potentially catastrophic lawsuits. Just Imagine if one of your workers fell from a 15-foot scaffold, sustaining injuries that left him permanently disabled and unable to work. If the worker sued you for negligence and won, your company could be on the hook for hundreds of thousands of dollars in damages, even with Worker’s Compensation in place. If the employee died as a result of his injuries, you could also be sued by his survivors for wrongful death. Whether or not you ultimately prevailed in court, your legal costs could be devastating.
DISABILITY INSURANCE
How Disability Insurance Works
As a construction professional, workplace injuries are common, and worker’s compensation helps cover employees’ medical bills and lost wages. But what if you or an employee suffers an illness or injury outside of work and can’t earn an income? Some states offer short-term disability insurance, but benefits are limited in duration and often insufficient to cover living expenses. For example, New York caps benefits at $170 per week, while California offers up to $1,129 per week. Most states provide no coverage at all.
Our construction insurance coverage can accommodate a wide array of classes such as:
- General contractors
- Subcontractors/specialty trade contractors
- Professional construction services firms
- Developers and owners
Get In Touch
PHONE: (516) 292.3780
FAX: (516) 908.7879
Address
Corporate Headquarters
100 DUFFY AVENUE SUITE 510 HICKSVILLE, NY 11801
Georgia Branch
1372 PEACHTREE ST. NE,
ATLANTA, GA 30309
Email Us
INFO@GRANDBAYFINANCIAL.COM
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