Insurance claims for construction businesses can be annoying and take forever, and they often take your attention and effort away from the parts of your business that you enjoy and that make you money. There are a few instances when filing a claim is necessary, but most common construction business insurance claims can be avoided with some small changes and caution. There are some of the most frequent insurance claims that construction businesses have to make and ways that they can be avoided.
Property Damage Claims Are Common For Construction Businesses
One of the most common insurance claims for construction businesses involves property damage on a jobsite. Whether it is damaging a customer’s walls, flooring, or knocking down valuable items, these issues can quickly turn into a general liability insurance claim if your business is responsible for the damage. To avoid this, make sure that you or your team clear out as many belongings as you can, work carefully and communicate with others around you, and are generally aware of your surroundings. It sounds cheesy, but using some extra caution can really make a big difference.
Construction Companies Commonly Face Workers’ Compensation Claims
Construction work comes with real safety risks, which makes workers’ compensation insurance an important part of protecting both your employees and your business. Falls, cuts, strains, equipment injuries, and jobsite accidents can all lead to workers’ compensation claims that become costly and time-consuming. While there is still risk involved, proper safety equipment training, as well as quickly reporting any workplace injuries, can reduce the likelihood of having to file a workers’ compensation claim.
Commercial Auto Claims Can Slow Down Construction Businesses
Many construction companies rely on trucks, trailers, and work vehicles to move tools, materials, and employees from job to job. If one of those vehicles is involved in an accident, a commercial auto insurance claim can create delays, repair costs, and scheduling problems that affect the entire business. The most effective step you can take to avoid commercial auto insurance claims for your construction firm is to drive responsibly and ensure that only approved drivers operate company vehicles at all times.
Working With Subcontractors Could Cause Claims For Your Construction Business
Hiring a subcontractor may seem like a great idea to help your business with a larger project, but you need to choose your subcontractors carefully. If a subcontractor you are working with causes damages that they aren’t insured enough to pay for, that liability can come to your business, causing you to file a claim. You can avoid this claim by making sure that any third party that you work with is properly insured and licensed to work in your area.
Strickler Takes Care Of Your Construction Business Insurance
If you have your own construction business, you want to be out building and fixing things, not dealing with insurance. That’s why you should partner with Strickler Insurance to take care of it for you. We work with our customers to find them the best policy for their needs, whether that’s workers’ compensation insurance, general liability coverage, commercial auto insurance, or other insurance for construction businesses. Contact Strickler Insurance today to get your construction business covered and take insurance worry off your hands.
