732-748-1100

Contractor Insurance:
We have innovative solutions in our toolbox to help manage risk

Let us protect your business >

Our Construction
Practice

The experienced team at RBC Associates understands the risks contractors face and how to protect their construction operations and manage their risks.

From hazards involving heavy equipment operation to the movement of large volumes of raw materials, lifting and the use of heavy tools, and the mix of project owners, suppliers, contractors, sub-contractors, transporters, and remediation specialists on a job, construction firms face unique and complex risks when it comes to human safety, project design and engineering, environmental concerns, and other exposures.

Depending on your specific needs and risk profile, we will evaluate how to best provide the protection you need. This includes looking at whether a Captive Program is right for your firm.

Many construction firms with a focus on robust safety and operational performance use Captive Programs to self-fund certain risks. Captive members become part owners of the Captive insurance company and recognize that strong risk management strategies combined with risk assumption gives them the opportunity to reduce insurance costs, benefit from customized coverage, and share in underwriting profits and investment income.

We conveniently offer an entire solution for all your insurance and business needs

Depending on your specific needs and risk profile, we will evaluate how to best provide the protection you need. This includes looking at whether a Captive Program is right for your firm.

Many construction firms with a focus on robust safety and operational performance use Captive Programs to self-fund certain risks. Captive members become part owners of the Captive insurance company and recognize that strong risk management strategies combined with risk assumption give them the opportunity to reduce insurance costs, benefit from customized coverage, and share in underwriting profits and investment income.

Typical Risks Insured in Construction-Industry Captives

  • Workers’ Compensation
  • Owner-Controlled Insurance programs (OCIPs)
  • Contractor-Controlled Insurance programs (CCIPs)
  • Construction Defect and Rework
  • Product Warranty
  • General Liability
  • Environmental
  • Product Liability
  • Property
  • Cyber
  • Terrorism

Insurance Products for Contractors

We can also tailor insurance programs for contractors to include the following coverages:

General Liability

Covers bodily injury or property damage that is caused by your business operation.

Excess Liability

Extends the limits of coverage in your primary liability policies such as General Liability and Auto insurance

Installation Floater

Covers all kinds of machinery and equipment during transit, installation, and testing at a customer’s premises.

Surety

Offers all types of contractor bonds – from licensing to bid and performance bonds.

Contractor’s Professional Liability

Provides coverage for financial losses from errors or omissions you perform on behalf of the client.

Contractors Tools and Equipment Floater

Covers insured property wherever it is used and may include such items as hand tools, power drills, hoisting machines, and power pumps.

Contractor’s Pollution
Liability

Provides third-party coverage for bodily injury, property damage, defense, and cleanup as a result of pollution conditions arising from contracting operations performed by or on behalf of the contractor.

Commercial Auto
Insurance

Covers vehicles that your business owns or uses. If your company vehicles are involved in accidents, commercial auto insurance protects your business against liability for the damages caused.

Property
Insurance

Covers property your business owns that is located at the described business premises. If you own or lease the premises, we can provide coverage for tenants improvements and betterments.

Workers’
Compensation

Provides medical payments and lost wages to workers injured on the job. Workers’ Compensation Insurance protects businesses and their employees from financial loss.

Builder’s Risk
(Course of Construction)

Covers physical damage on a property from the beginning of a project through to its completion. Before issuing construction financing, lenders will require proof of Builder’s Risk insurance in order to fund new and remodeling projects.

The policy will pay for damages up to the coverage limit, which should accurately reflect the total completed value of the structure (all materials and labor costs, excluding land value).

Protecting Your Future Is What We Do

Our knowledge, service, and teamwork are the pillars of our success in providing
insurance solutions that meet the needs of our clients while they grow their business. We have built our reputation on our hands-on approach to each client’s account. We’d like an opportunity
to serve you. Give us a call at 732-748-1100.