Construction Insurance in Florida
Contractors and property owners must have construction insurance before beginning any project within Florida, with the various covers keeping employees safe while reducing the damage costs on the field. If you are unsure about reputable covers for your next Florida build, listed below are some policies by Atlantis Insurance Inc. in West Palm Beach, FL that will be worthwhile.
Workers Compensation Insurance
This policy protects employees when they are injured on the job. It covers the hospital bills when injuries call for medical attention and follow-up care until recovery. If your workers also miss their wages during the recovery, worker's compensation insurance will help reimburse the lost wages.
General Liability Insurance
General liability insurance covers damages and injuries related to poor and faulty workmanship that harms customers and 3rd parties on site. In addition, if your company also encounters claims related to advertising injury, this cover will help you cover the ensuing costs. It will also compensate you when sued for these incidences, allowing you to pay the attorney's fees.
Commercial Auto Insurance
Commercial auto insurance will be ideal if you utilize vehicles in your business. It comprises several cover options, including medical payments, liability coverage, and uninsured and underinsured coverage. If you or your employees get into an accident on site or while delivering materials for work, this policy will cover the property damage costs incurred and the injury costs arising.
Construction bonds, also called contract bonds, guarantee that the stipulated project will be completed. It comes in several options, with the common ones being payment bonds that deal with timely payments of workers, performance bonds designed to keep up with the laid-out terms of the project, and supply bonds that ensure that suppliers deliver the materials on time.
Atlantis Insurance Inc. in West Palm Beach, FL, offers the above policies, allowing contractors and property owners to cover costs arising from the stated perils. Call us today to help safeguard your Florida project with customized covers for peace of mind.