Ramey King InsuranceRamey King InsuranceRamey King InsuranceRamey King Insurance
  • Home
  • About Us
    • Our Team
    • Independent Advantage
    • Client Feedback
    • Insurance Carriers
    • Business Partners
  • Personal
  • Business
    • Airbnb Insurance
    • Apartment Complex Insurance
    • Box Truck Insurance
    • Builders Risk Insurance
    • Cargo Van Insurance
    • Carpenter Insurance
    • Commercial Auto Insurance
    • Commercial Property Insurance
    • Commercial Truck Insurance
    • Construction Insurance
    • Contractors Insurance
    • Directors & Officers Insurance
    • EPLI Insurance
    • Errors and Omissions Insurance
    • Fleet Insurance
    • General Liability Insurance
    • Land Insurance
    • Landlord Insurance
    • Landscaping Insurance
    • Liquor Liability Insurance
    • Multifamily Insurance
    • Professional Liability Insurance
    • Rental Property Insurance
    • Restaurant Insurance
    • Surety Bonds
    • Tow Truck Insurance
  • Service Center
    • Pay a Bill
    • Refer a Friend
  • Blog
  • Contact
    • Denton, TX
  • Quotes
  • Join Our Team
✕

Ramey King Insurance

Construction Insurance in Texas

  • Construction Insurance Texas
  • Construction Insurance Texas
  • Construction Insurance Texas

Questions? Call us at (940) 382-9691

Get a Quote

What is construction insurance?

For businesses in the construction industry, navigating through the myriad risks and potential liabilities that they face can be challenging. Construction insurance is a key tool that Texas construction businesses can use to mitigate their risks, including both property and liability ones.

Construction insurance is a form of commercial insurance tailored for contractors and construction businesses. This type of policy typically provides multiple coverages, giving robust protection.

What Texas businesses should have construction policies?

The majority of Texas businesses operating in the construction industry should have a construction policy in place. A diverse range of contractors can benefit from a policy's protections. For example, policies are frequently purchased by:

  • General contractors
  • Artisan contractors
  • Specialized subcontractors
  • Heavy construction companies
  • New home builders
  • Residential construction companies
  • Commercial construction companies

Construction policies are available for all sizes of businesses, from individual carpenters to large-scale developers. No one policy is right for every business in this industry, though. An insurance agent who specializes in construction policies can guide businesses to the right policy based on their particular needs.

Construction Insurance Texas

Typical Coverages

Building Coverage
Generally for protecting company-owned storage facilities, offices and other buildings.
Inland Marine Coverage
Generally for safeguarding equipment, tools, and materials during transit to and from job sites
Builders Risk Coverage
Generally for covering equipment, tools, and materials when they're at job sites.
Mobile Equipment Coverage
Generally for non-vehicle but mobile equipment (e.g., backhoes, forklifts, excavators, etc.).
Extra Expense Coverage
Generally for covering facility rental costs in the event of certain disasters.
General Liability Coverage
Generally for common accidents occurring at facilities and job sites.
Professional Liability Coverage
Generally for mistakes in work, and errant advice given by employees.
Employee Practices Liability Coverage
Generally for potential discrimination lawsuits filed by employees.
Commercial Umbrella Coverage
Generally for providing additional protection against costly liability lawsuits.

What coverages are available through construction policies?

Construction policies offer a range of protections, including both construction property insurance protections and construction liability insurance protections. Property protections primarily safeguard assets, such as facilities and equipment, against potential damage or loss. Construction liability insurance protections guard against potential lawsuits.

Construction property insurance protections that are commonly available include:

  • Building Coverage: Generally for protecting company-owned storage facilities, offices and other buildings.
  • Inland Marine Coverage: Generally for safeguarding equipment, tools, and materials during transit to and from job sites.
  • Builders Risk Coverage: Generally for covering equipment, tools, and materials when they're at job sites.
  • Mobile Equipment Coverage: Generally for non-vehicle but mobile equipment (e.g., backhoes, forklifts, excavators, etc.).
  • Extra Expense Coverage: Generally for covering facility rental costs in the event of certain disasters.

Commonly available construction liability insurance protections include:

  • General Liability Coverage: Generally for common accidents occurring at facilities and job sites.
  • Professional Liability Coverage: Generally for mistakes in work, and errant advice given by employees.
  • Employee Practices Liability Coverage: Generally for potential discrimination lawsuits filed by employees.
  • Commercial Umbrella Coverage: Generally for providing additional protection against costly liability lawsuits.

Do construction businesses need to purchase contract bonds and construction bonds?

For construction businesses working on significant projects like commercial buildings, new housing developments or government contracts, purchasing bonds may be a requirement. Contract and construction bonds offer reassurance to customers that their projects will be completed as stipulated, and ensures financial protection if something goes seriously wrong. Some types of bonds that contractors might need include:

  • Bid Bonds: Typically ensure that a business will undertake a project if they win the bid.
  • Performance Bonds: Typically ensure that a business will complete a project as per the signed contract.
  • Payment Bonds: Typically ensure that a business will pay its employees and subcontractors their proper wages.

Most of these and other types of bonds that contractors may require are usually available from insurance companies.

Typical Coverages

Bid Bonds
Typically ensure that a business will undertake a project if they win the bid.
Performance Bonds
Typically ensure that a business will complete a project as per the signed contract.
Payment Bonds
Typically ensure that a business will pay its employees and subcontractors their proper wages.
Construction Insurance Texas

Should construction businesses purchase workers compensation insurance?

Workers compensation insurance provides coverage for medical costs  and lost wages arising from on-the-job injuries. Texas law itself normally doesn't mandate workers compensation, but there are reasons to consider it.

Commercial construction companies might need workers compensation if they take on major projects. Large commercial projects and government-contracted projects sometimes require that the company completing the work has workers comp.

Even without any requirement, it's often wise to carry some workers comp coverage. Without it, a contractor could face sizeable financial costs if a worker is injured on the job (which is a present risk for any construction business).

Where can construction businesses get quotes for construction insurance?

If your company is in need of a construction insurance policy, please contact the independent insurance agents at Ramey King Insurance. Our seasoned agents can help you request customized quotes from various Texas insurers, and will make sure you ultimately find a policy that's right for your business.

Construction Insurance Texas

 



 

Questions?

Give us a call, we'll help set you in the right direction.

(940) 382-9691

Ramey King Insurance

Denton, TX
830 S Interstate 35E
Denton, TX 76205


940-382-9691
frontdesk@rameyking.com

Copyright 2025 | All Rights Reserved | Website Built & Powered by Jump Suit Group | Privacy Policy

This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.