Builders risk insurance covers a structure while it is under construction, plus building materials on site, in transit, or in temporary storage. Policies are typically written for a single project and end when the work is complete. The construction contract usually determines whether the owner or the contractor purchases the policy.
FAQ_category: (HIDDEN) Industry FAQs
Yes. Most general contractors require subcontractors to carry their own general liability and workers compensation coverage before starting work. Subcontractors without their own policies can also be charged against the hiring contractor’s premium at audit. Carrying your own coverage keeps you eligible for jobs and protects your own business.
Most construction companies need general liability, workers compensation if they have employees, and commercial auto for business vehicles. Many add inland marine for tools, professional liability for design or consulting work, and a business owners policy to bundle property and liability coverage. Your state, license, and contracts determine the exact mix.
Florists manage perishable products, delicate arrangements, and high customer traffic. The core coverages include:
- General Liability – Protects against customer injuries, such as slips in your shop, or accidental damage during deliveries.
- Commercial Property Insurance – Covers your storefront, coolers, display cases, and floral inventory against fire, theft, or vandalism.
- Workers’ Compensation – Required in most states if you have employees; covers injuries such as cuts from tools or strains from lifting heavy arrangements.
- Commercial Auto Insurance – Necessary if you deliver flowers using company vehicles.
- Business Owner’s Policy (BOP) – Combines liability and property protection, often with income coverage if your shop must close due to a covered loss.
Yes!
- Landlords usually require proof of liability insurance before signing a lease, and workers’ compensation is legally required in most states if you have employees.
- Even when not legally mandated, coverage builds trust with landlords, employees, and customers.