CBM Insurance has the capability and knowledge to review, recommend, and advise on many types of construction risks. From carpenters to plumbers, electricians to steel erectors, the team at CBM works within a number of construction industries to make sure that all exposures are accounted for and properly protected. Assisting in the handling of construction insurance claims, reviewing experience modifiers, and providing certificates that meet required contract language are some of the things we do from day to day.
The Four Types of Risk Facing Construction Companies include:
- Property damage: Damages to company equipment and property
- Income loss: Loss of income due to business interruption from unforeseen events that can include fire, accidents or severe storm damage
- Employee injuries: Job-related injuries, illnesses, or even death.
- Liability risks: Injuries or property damage caused to third parties not associated with your company.
Insurance Coverage Can Include:
- General Liability/Umbrella/Excess Liability
- Commercial Property
- Commercial Auto
- Inland Marine/Equipment Floaters
- Rental Vehicle Coverage
- Workers Compensation
- Medical Coverage for on-property injuries
- Builders Risk
- Contractor’s Professional
- Cyber Liability
- Business Income
- Employee Dishonesty
Construction insurance provides protection for financial compensation for covered losses to a building or structure for errors and unforeseen events, which can lead to damages and losses during the construction of a building.
Commercial Automotive Insurance provides commercial auto liability and coverage to the auto itself that the business owns. Can include coverage for rental reimbursement, towing/labor, etc. This can include coverage for motorcycles, boats, and other vehicles.
Workers’ compensation is required by any business that has employees and would provide protection for your employees in the event they are injured on the job. Medical bills, doctor visits, and paid time out of work until they can get back on the job.
From street and road contractors, steel erectors, fabrication and machine shops, carpenters, painters, home renovators, our carriers can provide a litany of coverage options and provide protection for any risk that a contractor has. Includes General Liability (GL), commercial equipment, umbrella, workers compensation, cyber liability, etc.
Cyber insurance can protect your business in the event of a security breach that compromises your or your client’s personal and private information. Provides PCI compliance reimbursement, notification expenses, among other things.
Business Income Insurance is a type of insurance that covers the loss of income that a Delaware business can suffer after a disaster or interruption.
Employee dishonesty insurance coverage protects your business from financial loss due to employee theft of money, securities, or property. This includes Crime coverage, Employee dishonesty bond, and Fidelity bond.