General Contractors Insurance
Commercial Property Insurance
for General Contractors
Your office, yard, storage facilities, and any equipment or materials stored there need commercial property insurance. Even if your primary work is on client sites, your business location and its contents are a significant investment that needs protection.
Industry-Specific Insight
Why General Contractors Businesses Need Commercial Property Insurance
Your office, yard, storage facilities, and any equipment or materials stored there need commercial property insurance. Even if your primary work is on client sites, your business location and its contents are a significant investment that needs protection.
Coverage Details
What Commercial Property Insurance Covers
Key protections included in a commercial property policy for general contractors operations.
FAQs
Common Questions from General Contractors Businesses
Does commercial property cover materials stored at my yard?
Yes. Materials, equipment, and supplies stored at your business location can be covered under the business personal property portion of your commercial property policy.
What about materials stored at a job site?
Materials at a job site are typically covered under a builders risk or inland marine policy, not your commercial property policy.
Does commercial property insurance cover flood or earthquake damage?
Standard commercial property policies typically exclude flood and earthquake damage. Separate coverage is available and may be worth considering depending on your location. A licensed agent can help you assess your exposure and find appropriate coverage.
What's the difference between replacement cost and actual cash value?
Replacement cost coverage pays what it costs to replace or rebuild damaged property at today's prices, without depreciation. Actual cash value accounts for depreciation, meaning you may receive less for older items or equipment. For most businesses, replacement cost is the preferred option.
Complete Coverage
Other Coverages General Contractors Businesses Commonly Need
A complete protection plan for general contractors operations typically includes several complementary coverages.
General Contractors · Commercial Property
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