Concrete Contractors

Fairbanks Insurance Brokers are committed to providing Concrete Contractors with a package of commercial coverages that can offer financial protection in the event of a lawsuit brought by a third party or demands for reimbursement of medical expenses from workers injured on the job.

A Concrete Contractor’s operations are concrete work, including pouring, formwork, batching, finishing, curing, and the placement of steel reinforcement for pavements or flatwork.

The tools and equipment needed to perform these services can present the risk of bodily injury and property damage.

In addition, the concrete contractor should also be aware of the exposed injury risk to workers operating at the job site.

Here is What We Recommend:

General Liability

Every concrete contractor needs general liability coverage with sufficient limits to provide financial protection in the event of a lawsuit from a third party.

General liability coverage will also provide defense costs which can contribute significant expenses to a claim.

Workers' Comp

Most states are adamant that all contractors be responsible for job-related injuries and illnesses to their staff.

A workers’ compensation policy provides medical expenses, lost wages, and rehabilitation costs to employees in the event of a work-related injury or illness.

Surety Bonds

Numerous states require an active surety bond to be filed with the state’s license board to issue, reactivate, or renew a license. The purpose is to benefit consumers who incur damages from construction defects or other license law violations.

Many job owners will require the contractor to provide proof of a surety bond before bidding or initiating operations on a project.

Commercial Auto

Concrete contractors use anywhere from light to heavy vehicles during operations. A commercial auto policy allows your business to opt for higher liability limits as additional protection in the event of a claim or accident.

Inland Marine

Concrete contractors’ hand and power tools can be expensive if needing to be replaced.

Tool & Equipment insurance from Fairbanks Insurance Brokers will provide financial protection if they are lost, stolen, or damaged by a covered peril.