What Type Of Insurance Does Concrete Contractors & Paving Companies Held?
The TOP 10 Concrete Contractors & Paving Companies in Marin County CA
Pleasant Hill, CA, 94523
Concrete contractors are mainly trained and experienced in concrete mixing from the slurry to the solid phase. A certified contractor of concretes can make the customized design of the clients even facing the most elaborate plans. These contractors observe the whole process of concrete made from buying the right materials to correctly pouring and making it hard on time. The next step would be leveling the surface and making it smooth. This process is completed precisely with the knowledge and skills of the right concrete contractor for you.
While paving companies are responsible for opening construction commonly with roads or other concrete floors. Depending on what kind of expertise and equipment they have, they can even airport runways or other commercial work and residential projects. They secure every way before making an estimation of the project.
If you are planning to hire a concrete and paving contractor for residential or commercial types of project, you need to a series of background research, checking legal documents and referrals from clients who had worked with them. Insurance is also a good integrity for them fixing a protection with their business. A recommendation of at least three types of insurance should a contractor is holding before finally hiring them for you.
The top three insurance ideal for Concrete Contractors & Paving Companies
Since insurance policy is fundamental as a means of protection, safety and guarantee for any project a concrete contractor and paving company should have before being listed on top of your options.
The Umbrella Liability Policy
This is most practical for a larger type of contractor who has a huge operation for construction sites. This is way better than that of a Commercial General Liability because it can cover the above limitations covered by CGL’s.
Builder’s Risk Policy
This is the type of policy that contractor can benefit in three ways; financial security and protection of investments, protection for equipment, and lastly a fallback plan. In financial security, a builder’s risk policy can reimburse or refund your investment when for losses or property damage happened before finishing the project. This policy can also protect your equipment if ever there is lost or stolen by thieves, it can be replaced with the help of this insurance. The last one is the backup plan in which this policy can help coup with the business loses when an unpredictable natural disaster strikes and may prolong the construction.
License and Permit Bonds
This policy is a requirement of the state or the government before finally getting a license as a contractor. This policy is a guarantee of the government and the client to ensure that your business is serious in fulfilling their obligations in the contractor in a project by following rules and state’s law with the proper safety measures and building codes.
There is still more policy that you’re chosen concrete contractor should have before hiring them. Make sure that you, as their client, are also protected by this insurance as well.