Demolition Contractors Insurance
 Insurance for Demolition Contractors
We pride ourselves on being specialists in the Contractor industry. Our team has specialized in this industry for the past 40 years. Through our staff expertise and established direct relationships with “A” Rated by A.M. Best carriers, we are able to provide you with comprehensive coverages at a competitive price. In addition, our relationship with the various licensing boards such as the Contractors State License Board (CSLB) and other state license departments, makes renewing your coverage each year electronically seamless.
We provide specific coverages for the Demolition Contractor industry, including the following program highlights:
- Blanket Additional Insured including Primary & Non-Contributory Wording
- Blanket Waiver of Subrogation
- Per Project Aggregate
- Professional Liability/Errors & Omissions
- Pollution Liability
- Assistance with WRAP/OCIP Requirements
- Business Personal Property Coverage (Contents, Stock & Inventory)
- Inland Marine/Contractor’s Equipment
- Installation Floater (For Materials yet to be installed at a job site)
- Building Coverage
- Business Income/Extra Expense
- Any Auto Coverage
- Specific Auto Coverage
- Permanently Attached Equipment
- Hired & Non-Owned Auto Liability
- Comprehensive & Collision Coverage
- Permanently Attached Equipment Coverage
- Additional Insured Endorsement
- Waiver of Subrogation Endorsement
ADDITIONAL COVERAGES
- Workers Compensation
- Surety Bonds
- Excess Liability
- Employment Practices Liability
- Cyber Liability
- Employee Benefit Liability
- Group Health & Dental
Demolition companies must conduct intricate tasks amid significant and inherent risks. Given the explosive potential of even a slight error or lapse in attention, comprehensive insurance coverage is essential to financially safeguard operations and assets. With these risks and exposures in mind, a thorough understanding of the details of demolition insurance is crucial to adequate coverage.
Demolition Insurance: What It Is and How It Works
Insurance for demolition companies, often referred to as demolition insurance, can encompass a range of policies tailored to mitigate the specific risks associated with demolition work. Demolition contractors must assess their particular needs to determine the appropriate insurance coverage. Factors such as the scale of operations, types of projects undertaken and regulatory requirements influence the adequacy of an insurance portfolio.
Demolition insurance cost varies depending on factors such as coverage limits, deductible amounts and risk assessments. While premiums may seem daunting, the financial protection and peace of mind they provide far outweigh the potential costs of uninsured liabilities.
What Insurance Coverage Do Demolition Contractors Need?
While specific coverage needs may vary significantly, adequate demolition insurance packages typically include several core components, such as the following:
· Demolition liability insurance is a cornerstone of coverage, financially protecting policyholders from third-party claims for bodily injury or property damage arising from demolition activities and shielding against legal expenses and settlements arising from lawsuits.
· Property insurance is vital to financially safeguarding assets such as buildings, machinery, inventory and tools against damage or loss due to accidents, fires, natural disasters or theft.
· Workers’ compensation can cover medical expenses and lost wages for employees injured on the job, providing essential support and compliance with legal requirements.
· Errors and omissions insurance can cover losses and legal costs if a client accuses a demolition company of providing incorrect, late or otherwise inadequate professional services.
· Commercial umbrella insurance may be critical for demolition businesses, as these policies’ secondary layer of liability coverage may be necessary amid the potentially immense losses and damages resulting from incidents involving explosives.
Additional coverages may also be needed depending on a business’s unique operations. For example, those using their own motor vehicles to transport materials will need commercial auto insurance.
Get the Right Coverage
At Bone Robertson & McBride Inc., our staff has over 50 years of experience providing specialized insurance solutions for businesses in high-risk industries, such as demolitions. Contact us today to secure appropriate demolition insurance coverage.
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