Asbury Park, once glorious, was decimated by postwar migration out of the area, race riots, and an economic downturn. Now, however, with the assistance of Bruce Springsteen, a $1.25 billion redevelopment fund, and construction companies like yours, the city is rising out of the ashes. As Asbury Park undergoes an almost magical rebirth after decades of abandonment, Blue Lion Insurance Advisors, LLC has an important role to play because with construction comes the need for Construction Liability Insurance.
If you are building commercial property in Asbury Park or elsewhere in New Jersey, contact Blue Lion Insurance Advisors, LLC for superior service and a broad range of cost-effective options. Whether you are looking to insure the construction of a restaurant, a concert venue, a hotel, a retail establishment, a parking garage, or any other type of business, our skilled advisors are here to help you get the most protective Construction Liability Insurance at the best possible price.
At Blue Lion Insurance Advisors, LLC, we are dedicated to meeting clients’ commercial insurance needs, including the need for requisite Construction Liability Insurance. Once you contact us at (732) 649-1600 or online, we will make sure that you have the Construction Liability insurance required for licensing, as well as any additional coverage necessary to protect you from expensive lawsuits.
Why Blue Lion Insurance Advisors, LLC Is the Best Choice for Asbury Park Construction Liability Insurance
Because we are insurance advisors, rather than representatives of one insurance provider, we provide a comprehensive variety of insurance plans from many different companies. With no stake in selling you the insurance product of a particular provider, we are objective brokers, always putting your best interests first.
Having extensive experience in this field, we know the risks construction companies face. Our professional expertise is in guiding you to the policies that will provide your firm with the greatest protection a personal injury or property damage lawsuit verdict goes against your construction firm. More than that, we are always available to consult with you at no charge to discuss policies that will make your company Blue Lion Strong™.
Required Coverage for Construction Companies in Asbury Park
In most cases, Construction Liability policies are legally required to obtain a construction or contractor’s license or permit. Construction Liability Insurance will safeguard your company from injury and damage claims brought by individuals who are not in your employ or entities with which you are not affiliated.
Two Major Types of Construction Liability Insurance
The two types of Construction Liability coverage are bodily injury and property damage. Because construction work involves risk to individuals as well as property, your company must be properly covered for both kinds of lawsuits. Even while working in an orderly and cautious manner, construction workers may accidentally damage expensive property or inadvertently cause serious injury to professionals visiting the job site (e.g. architects or engineers) or to pedestrians just passing by.
The most careful employees may, due to momentary distraction, illness or injury, defective equipment, or lack of clarity about how to handle dangerous materials or heavy vehicles, be responsible for an accident with serious consequences. Contacting Blue Lion Insurance Advisors, LLC will help you protect your company from exorbitant damages and court costs. We will show you how having the right Construction Liability Insurance can prevent financial catastrophe even in a worst-case scenario.
What Construction Liability Insurance Covers
Once our insurance advisors help you find the right Construction Liability Insurance policy for your company, you will enjoy the peace of mind that comes from knowing you will be able to cover damages awarded for:
- Repairing or replacing damaged or destroyed property
- Loss of use while damaged property is being repaired or replaced
- Injuries — medical care, pain and suffering, or funeral costs (in case of wrongful death)
- Product damages caused by an employee’s improper installation of equipment
- Personal and advertising injury to third parties who incurred a financial or personal loss
One of the worst things about calamities is that they rarely come with advance notice. Unexpected accidents, damage, and injury claims can arise at any time. This is why it is never too soon to contact Blue Lion Insurance Advisors, LLC, but it can certainly be too late.
Construction Liability Insurance, Like All Insurance, Is Capped
This means that there is a limit to how much will be paid, no matter how dire the accident. The two types of caps are: per occurrence which limits the amount payable for a single incident and aggregate which limits the total amount the insurance company will pay for claims during a certain time period. Contact Blue Lion Insurance Advisors, LLC to discuss the caps on any policies you may be interested in purchasing.
Why the Cost of Construction Liability Insurance Policies in Asbury Park Vary
Like everyone else, you have to pay close attention to your bottom line, even when shopping for insurance. Our team has the information and insight to help you make wise decisions when purchasing all types of commercial insurance, including Construction Liability Insurance. Factors that may affect the cost of your insurance policies include:
- Credit history of your company
- Experience/length of time in business
- Size and location of the project or of the business itself
- Deductibles and caps of the particular policy
- Risk level of the kind of construction being done
We Will Also Help You with Other Kinds of Necessary Insurance
Our knowledgeable insurance advisors can also assist you in purchasing other necessary insurance for your construction company, including :
- Builders Risk Insurance which will cover contractors’ materials, equipment, tools, and any other property related to construction activity
- Workers’ Compensation which will cover job site injuries or fatalities of employees for medical expenses, lost wages, disability payments (if eligible), legal claims, funeral costs, and death benefits
- Commercial Auto Insurance that will cover all commercial vehicles used during the construction process
Contact Our Experienced Construction Liability Insurance Advisors
Blue Lion Insurance Advisors, LLC is well-equipped to assist you in obtaining the Construction Liability Insurance policy best tailored to meet your needs. Our goal, like yours, is to see to it that your construction company is well-protected. While you undertake the hard work of building our Asbury Park industries and community, we will do everything we can to keep your company safe and thriving.