When looking for construction insurance in Wayne, NJ, contractors should search for a few basic qualities such as experience, expense and policy range. Without a full range of relevant liability insurance, construction industry workers can find themselves exposed to unforeseen legal, property or equipment fees. Even the most well-planned projects encounter mistakes or unanticipated events. An excellent insurance agency can help companies and individuals prepare for the unexpected with general or tailored packages and polices.
Commercial General Liability
A commercial general liability policy covers the standard gambit of business risks including third party injuries and property damage due to company procedures. This insurance will also absorb some legal fees and settlements depending on the case. While it will cover slips and falls, those looking for full construction insurance in Wayne, NJ will probably want to consider adding a few extra components to the normal CGL policy, because it excludes errors and omissions, cyber liability and employment practices wrongdoing.
Commercial Package Policy
The commercial package policy is best for individuals and firms that must address complex exposures extending to employees and property. There is a broad range of liabilities offered in this tailored insurance:
- Umbrella Insurance
- Business Interruption Expense
- Business Property Insurance
- Errors and Omissions
- Equipment Breakdown
Many insurance professionals will offer a full review of current construction insurance programs and make recommendations according to the identified exposures. Finding the best construction insurance in Wayne, NJ simply means locating an agency that can give you everything you need.