Pascal Burke Insurance Brokerage Inc

Contractor insurance is designed to protect against losses incurred during construction projects. This type of insurance is typically purchased by developers, architects, general contractors, engineers, and other professionals who work with the construction industry.There are two main categories of builder's risk insurance: property damage and liability. Property damage covers the cost of repairing or replacing damaged building materials and fixtures. If you're a contractor who builds projects for others, you need builder's risk insurance. This type of insurance protects you from losses resulting from damage or destruction caused by other parties.There are two main types of builder's risk insurance policies: commercial general liability (CGL) and professional liability. CGL covers property damage and personal injury claims against you as a result of your work. Professional liability protects you from legal claims made against you by clients or customers.