Before you get to work on a construction job, you’ll need to secure the right insurance coverage. Typically required before you can begin a client’s project, construction insurance is designed to help protect your contracting business against financial liabilities in the event of a work-related accident or property damage. If your business does not have adequate insurance coverage, you could easily lose it in the event of an unexpected event. Don’t let that happen – reach out to Blue Ridge Risk Partners today.
If you’re not familiar with the added protection a surety bond provides, you can easily be put off by a request that you obtain a “bond.” It’s a standard practice in the construction industry where there’s potential for work-related injuries, weather delays, performance issues and more. Surety bonds protect you and the project owner against unforeseen situations that may arise during a project.
Surety bonding provides coverage in the event that:
OSHA (Occupational Safety and Health Administration) helps to ensure the health and safety of workers in the United States by setting and enforcing standards and providing training, education, and assistance. OSHA aids in reducing the number of workplace injuries, illnesses, and fatalities, and helps to protect workers' rights to a safe and healthy work environment. Employers who fail to comply with OSHA standards can face penalties and fines.