What type of insurance do construction sites need?

In Arkansas, construction sites are required to have certain insurance policies in place to protect workers and the public in case of an accident or injury. For general liability insurance, construction sites must have a policy that covers bodily injury, property damage, personal injury, product liability, and completed operations claims. They must also have a separate insurance policy for workers’ compensation coverage. This policy covers medical expenses and other damages that construction workers might suffer due to an accident on the job site. Additionally, businesses that own the construction projects have to purchase Commercial Auto Insurance and Professional Liability Insurance. Commercial Auto Insurance covers any losses that may occur if a construction vehicle is involved in an accident, while Professional Liability Insurance protects the company from claims of negligence or errors in the construction project. Finally, construction sites must also have an umbrella policy, which covers any other losses that may occur if the project goes over budget or if a lawsuit is filed against the construction company. It is important to note that the type and amount of insurance coverage needed for a construction project will vary depending on the size and scope of the project. Therefore, it’s important to consult with an insurance professional to make sure all the necessary policies are in place.

Related FAQs

What type of insurance do construction sites need?

Related FAQs

Related Blog Posts