Construction
At Reliable Risk Management we pride ourselves in acknowledging the challenges our contractors face each day in the construction industry. As one of our largest industries we take great pride in our real-world knowledge. Our experience and expertise allow us to address the potential risk exposures of the workplace, and in turn, design and implement comprehensive insurance programs and risk management solutions for our contractors.
Our core customers specialize in construction of new buildings with an emphasis on commercial construction. We deal in various trades from everywhere in General Contracting, with commercial insurance programs in HVAC, drywall, painting, plumbing, and electrical. As a general contractor in any of these fields your insurance could range in a wide degree. That is why Reliable Risk Management is here to help you understand what you may or may not need.
Possible insurances for your business
General Liability
From working on 80 story buildings to 3-bedroom houses, the common theme is general liability insurance. This type of coverage is meant to cover a broad spectrum such as negligence that leads to third party injuries or property damage. This would cover expenses associated with such an incident, regardless of the outcome of your case.
Workers Compensation Insurance
Workplace accidents happen all the time, to no one parties’ fault. That is why you protect yourself with workers compensation insurance. This coverage helps to ensure that your company is safe from litigation, by covering a worker’s medical fees and lost wages should a work-related accident occur.Commercial Vehicle Insurance
Whether you utilize a crane lift on a truck or just a simple truck with a bed, these vehicles should be insured for both accident related incidents as well as collision and non-collision damages. This means you should implement commercial vehicle insurance.Commercial Property Insurance
Whether you operate from a small office or a full headquarters facility with vehicle bays, you need commercial property insurance. This insurance protects against a vast range of physical losses from your computers and tools to fences and signs. This type of insurance can be key in preventing a total loss from fires, theft, wind, and falling objects.Builders Risk Coverage
Projects can range in size and complexity, but ultimately still suffer the same risk of a catastrophic loss. This is where builders risk coverage protects you and your business. This policy type can protect buildings, materials, and tools on a site. This insurance is a must to ensure you do not suffer unanticipated losses before a project is completed.Inland Marine
Construction Sites regularly utilize mobile construction equipment, transporting from facilities to build sites, exposing them to the risk of an accident. Your inland marine policy is there to ensure that no matter the equipment, from your Excavators and Backhoes to your Loaders and Scrapers, your policy protects you. Reliable Risk Management can insure these items for both Actual Cash Value or Replacement Cost, making sure, you come out on top no matter what. As well as various mobile construction equipment’s, your inland marine policy will protect your materials on their journey to a site. This could be anything from solar panels and wind turbines, to the basic building block of any building such as wood and steel. All of these goods and more would all be covered by your Inland Marine Policy.Umbrella Insurance
If your business utilizes insurance, an underlying worry is always that your insurance may not cover something completely. That is why you use Umbrella insurance. If your insurance pays to its maximum amount on something like builders risk, commercial auto insurance, or general liability and there is still outstanding debt, your umbrella coverage comes in to cover you, ensuring you are always protected from loss.
Professional
This is a form of insurance that protects you and your business from litigation derived from accused negligence by a client and potential damages awarded in a civil lawsuit. This could also include defenses costs when legal actions prove to be groundless.Pollution
Construction sites utilize a wide range of various chemicals and environmentally hazardous materials. An accidental spill could result in injury or pollution, but your pollution insurance than covers you and prevents any loss. This insurance protects against potential environmental hazards as well as liability to injury or death caused by such environmental hazards. This insurance also covers brownfield restoration and cleanup.
Cyber Insurance
Databases are a commonplace object in today’s workplace as many businesses now keep phone numbers, emails, and addresses online. This data while protected by some measures could still be possibly be breached. This insurance protects against potential breaches of cyberspace such as data destruction, extortion, theft, hacking and denial of service attacks.Employment Liability Insurance
Taking care of your employees can be one of the most important steps a business can take for success. Employers Liability Insurance protects your employees if they are affected by an illness or job-related injury not covered by workers compensation. It is often bundled with your workers compensation insurance in order to provide the best coverage.Our Experience
We not only focus on General Contracting, but also have experience in Heavy Grade Engineering such as bridges, steel work, grading, and underground work. Our wide range of experience in the various facets of construction insurance has allowed us to create a stable and responsive approach to this class of business and produce many long-term relationships with our business partners. Our goal at Reliable Risk Management is to have you succeed, because your success is our success. Whether it is a new risk reduction solution or negotiating an amendment for your policy, you can always find Reliable Risk Management in your corner fighting for you.
Our Solutions
• 24/7 digital proofs of insurance through our online portal
• Risk Management Material (Posters, Brochures and Infographics) for the workplace to create a culture of safety
• Online quick apply small contract bonds for up to $400,000
• Unwavering employees, dedicated to helping you find a unique solution to your problem