Insurance for Building Operations

Insurance for Building Operations image
Building operations businesses may be exposed to a variety of unique job-related risks, including on-site accidents and even lawsuits. Being responsible for managing and maintaining high-value real estate properties and their contents, ensuring the safety of employees, and overseeing large construction projects are challenging tasks. Alongside the typical issues most small business owners face on a regular basis, your line of work may include additional industry-specific uncertainties, meaning you need protection designed for your business. Building operations insurance solutions from AmTrust Financial can help you keep your business covered in case misfortune comes your way and threatens you financially.

Building Operation Business Insurance Coverage Options

Construction workers, contractors and other building operators may not always be able to prevent an accident or mistake from occurring. Being prepared for on-the-job injuries, third-party liability claims and other unforeseeable events is crucial to your business's continued success. Regardless of how many projects you oversee on a regular basis or how many employees or subcontractors you rely on, AmTrust’s insurance solutions can be customized to meet your needs. Building operations insurance coverage typically includes:
  • Workers' Compensation
  • General Liability Insurance

Safeguarding Your Building Operations Employees with Workers' Compensation Insurance

On-the-job accidents, injuries and illnesses are always a possibility, especially in your line of work. As a building operator, you may have regular full-time or part-time employees as well as work with subcontractors occasionally. An employee could fall off a roof and break a leg, or a subcontractor could suffer a major illness after handling hazardous material such as asbestos. The responsibility of paying for injured employees' medical expenses and hospital visits could fall on your shoulders.

Workers' compensation insurance can provide coverage for workplace injuries, and may even provide injured employees with partial wages while they're recovering. In addition to covering claim expenses, a workers’ comp policy could also help to protect your business from being sued for costs related to workplace accidents, illnesses and injuries.

Most states require a business to carry workers' compensation insurance. Workers' comp may provide coverage for an injured employee's hospitalization, vocational retraining, rehabilitation and partial lost wages. Depending on the situation and policy terms, if an employee draws benefits, he or she may be prohibited from suing your business for damages. A workers' compensation policy will help cover the costs of any claims made.

If an incident occurs, workers' comp coverage helps to protect your business and your employees by:
  • Covering the costs of medical treatment, including x-rays, prescription drugs, hospital stays and surgeries
  • Paying a portion of the employee's regular wages until he or she can return to work

General Liability Insurance Coverage for Building Operations Businesses 

As careful as you may be, avoiding litigation may not always be an option. General liability insurance can help shield your business against many third-party claims. General liability insurance coverage often includes:

  • Damage caused to a customer's property by you or an employee
  • Bodily injury caused to a customer by you or one of your employees at the customer’s residence or your place of business
  • Advertising injury from accusations of negative advertising, copyright infringement or slander

How Do I Get Building Operations Business Insurance?

Purchasing building operation insurance can give you peace of mind and confidence in knowing you're getting coverage against a variety of hazards and risks. AmTrust is here to help you discover tailored insurance solutions to keep your small business safeguarded whenever unfortunate situations arise. We work alongside you to find an insurance package suited to your business’s specific needs.

To learn more about building operations workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.

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