Deck and Grate Contractor Insurance

How to Find Deck and Grate Contractor Insurance

Learn how to protect your livelihood with business insurance.

Hot-dipped galvanized steel grating. Find deck and grate contractor insurance.

Decking and grating is a way of reinforcing surfaces like roads and bridges to be allow them to withstand heavy loads. Decking and grating are also used in the marine environment, in the oil and gas industry, and in platforms, walkways, waste treatment plants, and more.

Decking and grating contractors are an essential part of many construction projects. If something goes wrong, your work could compromise the entire structure. While you do everything you can to ensure the safety and proper construction of your work, sometimes the worst situations just can't be avoided.

You need a comprehensive business insurance program tailored for deck and grate contractors if you want to protect your business assets when you’re faced with a loss. A local independent insurance agent can help you find the coverage you need from insurers who specialize in businesses like yours.

Why Do You Need Deck and Grate Contractor Insurance?

Deck and grate contractors are constantly exposed to the possibility of serious accidents due to the very nature of their work. The use of heavy equipment, the exposure to the elements, and the labor-intensive nature of your work can all result in property damage, injuries, and serious financial losses.

Deck and grate contractor insurance can help you recoup your losses in the following types of circumstances:

  • An employee damages someone else’s property (e.g., the project owner’s property, public property, residential private property, nearby vehicles, etc.).
  • A member of the general public trips, falls, and sustains an injury on your premises.
  • A crew member gets into an accident while driving one of your business-owned vehicles, either at the job site or on their way to or from a job.
  • Property losses (losses to tools, equipment, and other valuable commercial property) from a variety of sources, including fire, theft, severe weather, and vandalism.
  • Worker injuries and illnesses.
  • You cause some type of environmental damage in the course of your work.

What’s more, imagine that a deck or grate that you’ve installed on a heavily trafficked bridge is unstable or collapses. These kinds of incidents can involve multiple injured parties and result in lawsuits and significant settlements or jury awards that you must pay.

Deck and grate contractor insurance helps you cover your losses in these and a variety of other unforeseen circumstances.

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General Liability Insurance for Deck and Grate Contractors

Commercial general liability (CGL) insurance offers broad protection for a wide variety of negligence claims and lawsuits. It protects you from having to pay out of pocket for damages or legal fees if you injure someone or damage someone else’s property.

General liability policies usually include products-completed operations liability insurance that responds if you’re sued because something that you’ve constructed or installed causes injuries to others. Completed operations insurance covers your liability for property damage or injuries to a third party once contracted operations cease (e.g., injuries related to poor or faulty installation, collapse, etc.). Contractors and manufacturers typically purchase additional or separate policies in amounts that have higher limits than what is provided in the CGL policy.

What Other Types of Liability Insurance Do Deck and Grate Contractors Need?

Your deck and grate contractor insurance package may contain the following additional types of liability coverage, as well:

  • Commercial auto insurance covers your owned vehicles and drivers if an accident or other vehicle damage occurs. It provides coverage for property damage and bodily injury liability claims, vehicle damage, and medical bills, as well as any costs related to lawsuits due to auto accidents involving your vehicles.
  • Cyber liability insurance provides coverage in the event of a data breach involving your business.
  • Commercial umbrella insurance provides supplemental liability protection beyond the limits of certain other liability policies. This policy can be invaluable for that once-in-a-lifetime judgment rendered against you.
  • Employment practices liability insurance covers you if an employee sues you for discriminatory employment practices.

An independent insurance agent can help you customize these policies to your needs.

What Kinds of Property Insurance Do Deck and Grate Contractors Need?

You probably have and use a lot of property, materials, tools, and equipment that can be very expensive to replace. You will therefore want to be sure that your deck and grate contractor insurance program includes coverage for damage to and theft of your commercial property.

Commercial property insurance covers things that are on your business premises, such as items in your office space, warehouse, and shop. It helps you pay to repair or replace buildings and other items that are damaged by things like fire, weather, smoke, theft, and vandalism.

You’ll also need business interruption coverage as part of your property insurance, as well. It reimburses you for lost income and helps pay for certain ongoing expenses if you are temporarily unable to operate due to a covered loss (fire, storm, etc.).

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How Can You Protect Your Tools and Equipment at the Job Site?

In addition to protecting your buildings and their contents, you need to protect your tools and equipment while they’re at a job site. The following types of deck and grate contractor insurance cover these types of losses:

  • Inland marine insurance: Protects your equipment, tools, portable computer equipment, and other supplies against theft, loss, or damage while they are in transit to and from worksites, such as in your work trucks. It is especially important if you store your tools and equipment in your truck or another vehicle.
  • An installation floater: Protects materials that are left at a job site to be installed but get damaged before you can do it. This coverage can be added to your commercial property policy.
  • A tools and equipment floater: Covers any leased or owned specialized tools and equipment while they’re stored on the construction site. It can offer coverage for tools like hand tools, power tools, contractors’ gear (hard hats, goggles, etc.), and more. This floater can be added to your commercial property policy.

An independent insurance agent can help you customize your property insurance to make sure that you have proper coverage for your valuable tools and equipment, wherever they may be.

Why Do You Need Workers’ Compensation Insurance?

Working on construction projects can be dangerous for your employees. A multitude of accidents and injuries can happen on the job at any time.

That’s why you need workers’ compensation insurance. It provides coverage for medical expenses and lost wages for injured workers. Business owners are required to carry workers’ compensation insurance to protect their employees, but specific coverage requirements vary by state.

What Are Contractors Bonds and Do You Need them?

You might need a variety of contractors bonds, or surety bonds, depending on the size and scope of the projects that you work on. Bonds are very important for any contractors who work on commercial or municipal construction sites.

Contractors bonds can be essential for finding, securing, and performing work. They are typically used to guarantee some aspect of the bidding process or building project and ensure the project owner that you are fully licensed, insured, and prepared to complete the project as promised.

Every type of bond is unique and tailored to a specific project. While you may not need them for every job, you should know what they are and be prepared to obtain them if required.

How Much Does Deck and Grate Contractor Insurance Cost?

The cost to insure your business will depend on the size of your operation, as well as a variety of individual risk factors, including:

  • The size of your business
  • The location of your shop and any other buildings that you own or operate out of (office space, warehouse space)
  • The number of employees
  • The types of tools, machines, and specialized equipment that you have
  • How many trucks and drivers you have (if applicable)
  • The size and scope of the projects you take on
  • The value of the tools, equipment, materials, and other property that you keep on your premises

The types and amounts of coverage that you need to adequately protect you will dictate the cost of your deck and grate contractor insurance.

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Benefits of an Independent Agent

An independent insurance agent who has experience working with deck and grate contractors and other similar businesses can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous reputable insurance companies that specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for Deck and Grate Contractor Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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TrustedChoice.com Article | Reviewed by Paul Martin

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