Water, Sewer, Communications & Power Line Construction Insurance

From accidental electrocution that leads to permanent bodily injuries to property damage as a result of negligence at the place of work, construction companies that deal with communications and power lines, water, sewer, and pipelines can be held liable for a variety of accidents, which can be financially devastating for the business.

With the right water, sewer, pipeline, communications, and power line construction insurance in place, your business will be financially shielded from lawsuits and claims in the event of an accident.

Any business that is in the construction industry can be held liable for a variety of accidents, which can lead to costly lawsuits and claims. This is especially true for businesses that deal with water, sewers, pipelines, communications, and powerlines.

For instance, if an employee breaks a leg and cannot work, they could sue their employer and request a financial reimbursement to pay for medical expenses, lost wages, and other costs related to the injury.

In other cases, the company can be held liable if the quality of work completed is unsatisfactory or if there has been a certain amount of negligence in the process of work.

Without insurance, these businesses would be financially devastated in the event of an accident that leads to a lawsuit or a claim. The right insurance policy will provide financial protection from lawsuits and claims, which can be very costly.

There are quite a few insurance policies that water, sewer, pipeline, communications, and power line construction businesses can benefit from.

The level of coverage you need will depend on the type of work you do, the number of employees and company vehicles your business has, the state you operate out of, and more.

Please take a look below for more details on the most recommended insurance policies for water, sewer, pipeline, communications, and power line construction businesses.

The premium you'll pay for your construction insurance will depend on various factors. The biggest factors are usually the policies you go for and the size of your business.

Typically, construction companies in this sector pay an average of $80 per month or $960 per year on general liability insurance.

Construction businesses in the field that have company cars pay an average of $150 per month or $1,800 per year on commercial auto insurance.

If the business has hired employees, the average monthly premium for worker's compensation insurance is $270 per month or $3,240 per year.

Construction companies that want to protect their tools and equipment pay an average of $15 per month on contractors' tools and equipment insurance, which totals around $180 per year.

In certain instances, construction businesses also take out E&O insurance, which is also known as professional liability insurance. This policy costs an average of $80 per month or $940 per year.

Most water, sewer, pipeline, communications, and powerline construction insurance claims are related to bodily injuries and property damage.

In more rare cases, insurance claims are also made in case of road accidents, payment disputes with clients, and lost, damaged, or stolen tools and equipment.