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: