Are construction companies eligible for liability insurance?

Yes, construction companies are eligible for liability insurance. Risks can occur during different stages of a construction project, so you need insurance coverage that can protect you and your business at any point.

What types of construction liability insurance are available?

Liability insurance is made up of general liability and errors and omissions insurance.

• General liability insurance for construction can protect you from financial losses in cases where you're held responsible for causing injuries to non-employees or damage to property you don't own.
• Errors and omissions insurance for construction can help cover repair and legal fees if your client accuses you of doing bad work, giving incorrect advice or being negligent — especially if your client experiences financial damage as a result.

Benefits of liability insurance for construction companies

Liability insurance is important because it can help lower out-of-pocket costs and can ultimately help protect the financial stability of your construction business.

Plus, construction liability insurance can be required in certain situations. For example, your clients can insist on proper insurance coverage before allowing you to work on construction projects. Or you might need liability insurance if you want to get certain licenses and permits.

» Find out what your contractor license requirements are per state

How NEXT can help protect your construction company

NEXT's construction insurance combines general and professional liability insurance to give you the protection you need. For an instant quote, simply answer a few questions online or reach out to our U.S.-based insurance professionals if you have any questions. Once you've bought your insurance, you instantly can access your certificate of insurance and share it 24/7 with the NEXT app.

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» Learn why every contractor needs a certificate of insurance