Construction Insurance in Flower Mound, TX

The construction industry faces a wide range of risks, from on-site injuries to equipment theft and project delays. Whether you’re a general contractor, homebuilder or specialty trade professional, construction insurance helps protect your business from financial losses tied to your operations.

What Are Some Types of Construction Insurance?

The following insurance policies may be essential for construction businesses, depending on the services you offer and your exposure to risk:

• General liability insurance may cover third-party claims of bodily injury, property damage and reputational harm. This is often required for contracts and licensing.

• Workers’ compensation insurance may provide benefits to employees who experience job-related injuries or illnesses. Texas doesn’t mandate it, but many contractors carry it to avoid lawsuits.

• Builders risk insurance may financially protect materials, tools and projects during construction.

• Commercial auto insurance may cover vehicles used for transporting tools, workers and materials. This coverage is typically required for businesses vehicles in Texas.

• Inland marine insurance may cover tools and equipment in transit or stored at a temporary job site.

What Does Construction Insurance Cover?

Coverage may vary by policy type and limits, but most construction insurance options protect against common risks, such as the following:

• Property damage—Insurance may cover damage to a client or third party’s property caused by your business activities. Insurance can cover your own property as well.

• Bodily injury—Insurance can provide financial protection if someone is injured on your job site.

• Theft or vandalism—Insurance may offer reimbursement if tools, equipment, or materials are stolen or vandalized.

• Legal costs—Insurance may include defense costs and settlements for covered claims or lawsuits.

Optional coverages may include pollution liability, cyber liability and professional liability, depending on the scope of your work.

Why Is Construction Insurance Important?

Accidents can happen even on well-managed jobsites. Construction insurance can serve as a financial buffer when unexpected events occur. Without it, your business could face steep out-of-pocket costs, lost work opportunities or even legal disputes. Having the right coverage can help you meet project requirements, gain trust and reduce your business’s financial exposure. Contact us today to learn more.