Even under the best of circumstances, unforeseen events can occur at a work site. A subcontractor may use subpar materials that cause structural issues, a mason can get injured from falling brick, or your heavy equipment may be vandalized or stolen from your business or worksite. For these and other potential risks, masonry and concrete contractors must have commercial insurance coverage to protect their business and personal assets against the unexpected.
The Importance Of Commercial Insurance for Masonry & Concrete
The use of heavy materials and machinery, combined with the potential hazards of working outdoors in Central Florida’s demanding climate, makes masonry and concrete a high-risk field. Whether it's a structural flaw in a foundation or a mason injured on a scaffold, the financial repercussions can be devastating. Commercial insurance protects your business from the significant costs associated with those and other covered events.
What Insurance Do I Need for a Concrete Company in Florida?
Full coverage for a masonry or concrete company is highly recommended and typically includes the following policies:
Commercial General Liability (CGL) Insurance
This policy protects your business against third-party claims of injury and property damage. For example, if a heavy bag of concrete falls and damages a client's property, or if a visitor falls and breaks a leg at your worksite, this policy would cover the resulting medical and legal expenses.
Workers' Compensation
Florida law requires that any construction-related business with one or more employees must carry a workers' compensation policy. It ensures that resulting medical bills and a portion of lost wages are covered for employees who are injured on the job.
Professional Liability (Errors & Omissions)
This policy is also highly recommended as it covers claims alleging professional negligence or other flaws in your work. For example, if a client sues you because they claim a foundation you laid has a structural defect due to an error in your work, this policy would cover legal defense costs and any settlements or judgments arising from the claim, up to your policy limits.
Commercial Auto Insurance
A commercial auto policy is vital to protect your dump trucks, cement mixers, and other work vehicles from accidents, theft, or damage while on the road or at a job site.
Inland Marine Insurance
This policy, often called an "equipment floater," insures your valuable equipment—such as concrete mixers, trowels, and scaffolds—from theft, damage, or loss while they are being transported to or from a job site, or when they are stored at a temporary location.
What’s Covered
Insurance for a masonry and concrete contractor typically covers the following:
- Third-Party Property Damage & Bodily Injury
- Worker Injuries
- Company Vehicles
- Theft/Vandalism
- Legal Fees/Settlements
What’s Not Covered
- Damage to Your Own Property: General liability only covers third-party property damage. You need commercial property insurance to cover your business location, tools, and equipment stored there.
- Intentional Damage: General liability will not cover damages that you intentionally cause.
- Professional Negligence: Claims of professional errors or negligence are typically not covered by a CGL policy. You will need a separate Errors and Omissions (E&O) policy for this type of coverage.
Other Coverage Options for Masonry and Concrete Companies
Talk to your CIS agent about other insurance options that your firm may need, such as:
Commercial Property Insurance
Commercial property insurance offers vital protection for your business premises, office space, and any tools and equipment housed at your location against risks such as fire, theft, and vandalism.
Commercial Umbrella Insurance
A commercial umbrella extends the liability protections of your existing policies from larger claims that exceed your existing policy’s limits, protecting your financial resources.
Best Commercial Insurance for Masonry & Concrete Contractors Near Me
At Commercial Insurance Specialists, we pride ourselves on being an independent agency you can trust. Our mission is to deliver outstanding service with customized insurance solutions for masonry and concrete contractors in the Southwest and Central Florida areas. We search and compare policies from leading insurers to match the coverage that best meets your needs and budget. With CIS, you can be confident that you're getting the best coverage at the best price.
We work with many industry professionals, including locksmiths, engineers, and swimming pool companies, from Sarasota County to Polk County, including Land O Lakes, Spring Hill, Largo, and St. Pete. Just give us a call, and one of our licensed agents will be glad to find the best rates and coverage options for your business. Contact CIS today for a complimentary, no-obligation quote for masonry and concrete insurance. Don't wait, protect your business now!
