Construction insurance safeguards both the clients and employees of a construction business. It is designed to help protect against any financial losses that may arise as a result of mistakes or accidents occurring on the job. 

Insuring your construction company is a way to protect yourself and your business from financial losses caused by unexpected events. By transferring the risk of unexpected events to an insurance company, you can be assured that you will be able to continue to do business in the event that something unexpected happens.

In the first section, we’ve learned what construction insurance is and who needs it. Now, in the second part of this guide, we’ll show you what types of construction insurance are the best for you.

What Forms of Protection Do Construction Companies Need?

All construction companies should strongly consider including certain types of insurance in their coverage plans. These may include policies that cover property damage, bodily injury, legal liability, and other issues that could arise from the construction process. It is important to make sure the coverage includes adequate limits to protect the company from any potential losses.

Here are some types of insurance policies you might want to look into.

1) Workers’ Compensation Insurance

This type of insurance provides financial protection for employees who are injured or become ill while on the job. It covers medical expenses, disability benefits, and death benefits for the employee.

This policy will provide financial protection for any of your employees that are injured while at work. It will cover medical expenses, such as hospital bills, rehabilitation costs, and lost wages due to the injury. If an employee tragically loses their life due to an injury while working, the policy will provide benefits to the employee’s family. 

Additionally, if an injured employee decides to sue the company for negligence, the policy will cover the legal costs associated with the lawsuit.

2) General Liability Insurance

This type of insurance provides financial protection for businesses from third-party claims of bodily injury, property damage, and personal and advertising injury. It covers legal fees, medical expenses, and settlements or judgments resulting from a lawsuit.

General liability insurance will provide financial protection if a customer or other third party is injured while on your premises or if they suffer a loss due to your company’s negligence or recklessness.

3) Commercial Property Insurance

Commercial property insurance is designed to protect businesses from losses due to damage or theft of their physical property, such as buildings, equipment, inventory, and furniture. This type of insurance covers the cost of replacing or repairing damaged property and lost inventory.

It can also cover the cost of temporary relocation while the property is being repaired.

4) Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, protects businesses from claims related to mistakes or negligence in professional services. This type of insurance protects businesses from claims related to malpractice, negligence, errors, and omissions.

5) Equipment Insurance

Equipment insurance is a type of insurance that covers the cost of replacing or repairing damaged or stolen equipment. This type of insurance is important for businesses that rely on expensive equipment, such as computers, for their operations. It can also cover the cost of replacing lost or stolen business documents.


Construction insurance is an important part of any construction project. It helps protect the project from potential risks and can provide financial protection to the parties involved in the project. 

Pascal Burke Insurance Brokerage Inc. has all the coverage you need to move forward with your construction business. We offer contractor insurance in Wisconsin to help you out. Get in touch with us today to learn more.