Construction Insurance & Contractor Liability Insurance Solutions with LMBF

Running any business is risky, but the construction sector poses a whole new host of hazards that many other businesses may never experience. Whether you are a contractor needing liability insurance or a larger construction enterprise, construction insurance is vital to ensuring that your company has adequate coverage in the event of a loss. LMBF’s construction insurance brokers will help designate you a policy that covers your physical property, assets, and the way that you operate. Apply for a free construction insurance quote today.

Construction Insurance - What it Covers



Whether your space is a rental or a building that you own, commercial property insurance is vital to ensuring you have the funds to get back on your feet following a substantial loss due to vandalism, theft, fire, and other prominent perils. This coverage protects your company’s physical dwelling in addition to any contents within.



Contractor liability insurance or CGL for construction companies protects enterprises from claims due to bodily injury or property damage. It can also cover businesses from product injury, advertising injury, and more - even after a job has been completed.



If your commercial property is damaged, can you still afford to do work? Many businesses depend on their commercial property to successfully generate an income, but if your property is damaged due to fire or weather it can be difficult - or even impossible. You can choose to include business interruption with your policy which covers ongoing costs and bills.

  What construction insurance covers
  • Commercial general liability (CGL)
  • Property damage
  • Construction defects
  • Equipment breakdown
  What construction insurance excludes
  • Unintentional damages
  • Wear-and-tear damages
  • Flooding and earthquakes
  • Fraudulent acts

What is contractor’s liability insurance?

If you are a contractor who operates independently or under a larger construction company, contractor’s liability insurance can help to protect you - as a general contractor - against lawsuits or claims arising from incidents of bodily injury or property damage that have occurred while completing a construction job. This can also cover contractors if damages or injury occurs once a job has been completed. With government contracts, contractor’s liability insurance is required before beginning work. Subcontractors may also need to provide proof of insurance.

Types of Commercial Insurance Products

In the construction sector, there is a prominent risk for damages and injury due to the large number of hazards that can be associated with construction sites and all the equipment and machinery being used. Although we never hope you have to make a claim, there is always a possibility. If you do find yourself having to submit a claim, it helps to know what you have coverage for. Below, we have listed a sampling of some standard business insurance options. Depending on your construction insurance policy, you may have the option of including various coverage options - varying based on what best benefits your enterprise.
Wrap-up liability insurance

Wrap-up liability insurance

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Builder's Risk Insurance Image

Builder's Risk Insurance

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Surety Bond

Surety Bond

  • Bonds
  • Guaranteed payment
More info
Property Insurance

Commercial property

  • Physical property
  • Stored belongings
  • Contents
More info
Professional Liability Insurance

Professional liability

  • Negligence
  • Misinformation
  • Omissions
More info
Commercial Auto Insurance

Commercial auto insurance

  • Collision
  • Comprehensive
  • Liability
More info
Business Interruption Insurance

Business interruption

  • Ongoing wages
  • Employee payroll
  • Bills
  • Rent
More info
Commercial General Liability Insurance

Commercial General Liability

  • Bodily injury
  • Advertising injury
  • Property damage
More info
Cyber Insurance

Cyber insurance

  • Data breach
  • Restoration costs
  • Liability
More info
Umbrella Insurance

Umbrella insurance

  • Extended liability
  • Advertising injury
  • Bodily injury
  • Property damage
More info
Equipment Breakdown Coverage

Equipment breakdown coverage

  • Unexpected breakdown
  • Machinery
  • Boilers
More info
Directors and Officers Liability Insurance

Directors’ and officers’ liability

  • Lawsuit expenses
  • Defense costs
More info
Crime Insurance

Crime insurance

  • Dishonesty
  • Fraud
  • Criminal activity
More info
Risk Management

Risk management

  • Strategies
  • Risk reduction
  • Mitigation
More info

Our Construction Insurance partners

Construction companies face hazards that many other businesses do not, making it difficult to tailor a policy that is “one-size-fits-all.” LMBF’s partnerships with top construction insurance carriers allows us to customize policies that fit businesses individually, rather than just lumping a standard policy for the “average” construction company. Thanks to our access to top insurance markets, we can provide you with a host of comprehensive construction insurance options that can help adequately insure your business for the right price.

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Construction Insurance: Frequently Asked Questions

A: Construction “all risk” insurance or contractor’s “all risks” is a unique insurance policy that offers coverage for third-party injury or property damage claims, including damages that occur due to the improper making of a structure, renovation damages, or damage to temporary structures. This policy is used to fill in any gaps that a standard policy may leave, including damages that occur to subcontractors while working on a job.

A: The cost of your insurance depends largely upon the nature of your business, including your business’ size, projected or annual revenue, staff members, the kind of work you do, your business’ insurance history, commercial property, and more. You can expect that your general liability insurance will be worth its weight in the event you should ever experience a significant loss, such as a natural disaster or a lawsuit.

A: Faulty construction may trigger your commercial general liability insurance, depending on your policy. However, if you - as the contractor - do not have insurance and you were operating on a building or a client’s home, their home insurance or property insurance would not cover defects, meaning that you may still be held liable for the ensuing damages or defects.

A: Professional indemnity insurance is a policy designed for subcontractor and contractor specialists. If a client files a claim against you alleging error or incorrect design in the work you have done, this insurance policy may cover you for any ensuing legal expenses, such as settlement fees, defense costs, and more.

A: Employer’s liability insurance is a part of worker’s compensation insurance, meaning that it can cover lawsuits filed due to perceived negligence or even work-related injuries and illnesses. While this policy is essential, it is also highly advised that individual contractors operating under your business carry their own separate commercial general liability policies as employer’s liability will likely not cover claims of bodily injury or property damage that your contractors have caused while on a job or after the job has been completed.

A: It depends on your business, the nature of the work you do, and more. If you are unsure as to how much coverage you need or what limits, you can always discuss with an LMBF construction insurance expert for advice tailored to your individual business.