Business Insurance Solutions

Construction

Hickok & Boardman provides construction clients with the newest, most innovative, and cost-effective insurance products on the market. We have extensive experience within the construction industry and can tailor policies to service large and complex construction risks. Whether working with builders, designers, trade specialists, or general contractors, our goal is to manage your risks as effectively and efficiently as possible.

Case Study

Challenge

A General Contractor (GC) was hired by a project owner to design and build a new building under one contract. Normally, an architect or engineer would carry the burden of the Professional Liability exposure given that they would have signed a contract directly with the project owner. However, this particular contract included professional services which the GC was subcontracting out to various other services.

Solution

Because of the increased exposure of professional services due to vicarious contractual professional liability, and the unique situation of the project, the correct coverage was necessary to protect each party invested in the project. Hickok & Boardman provides numerous options to cover a professional liability scenario such as this in the construction industry.

Key Available Coverages

Property: protects your buildings and personal property.

Inland Marine: covers your property while off your premises, specifically contractors equipment used on your job sites.

Builders Risk: property insurance for the new construction of a building.  It is only applicable for buildings under construction.

General Liability: covers third-party bodily injury and property damage related to premises and operations exposures, including completed operations.

Automobile: protects you and your employees while operating owned, non-owned or rented vehicles for business purposes.

Workers’ Compensation: covers costs associated with work-related injury or illness.

Excess Liability/Umbrella: a policy designed to provide protection against catastrophic losses. It is generally written over various primary liability policies, such as the general liability, auto liability, and employers liability coverage.

Cyber Liability: covers your business’ liability for a data breach involving sensitive customer information, such as social security numbers, credit card numbers, account numbers, and health records.  It also covers claims stemming from ransomware, and theft of money.

Management or Professional Liability: covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.

Employment Practices Liability:  protects against claims from your employees because of hiring practices, sexual harassment or discrimination.

Crime:  protects against various illegal thefts of your money by employees and outside parties by means of trickery and deception.

Pollution Liability: provides environmental damage, property damage & bodily injury coverage for pollution incidents located on, under or migrating from your projects.

Professional Liability: covers the acts, errors, and omissions while performing a professional service.

Surety Bonds: we offer all types of bonding services. Specifically for contractors: bid bonds and performance and payment bonds, see our information on bonds for more details!

Have questions? We’re here to help!

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