{"id":18420,"date":"2023-10-02T11:50:24","date_gmt":"2023-10-02T11:50:24","guid":{"rendered":"https:\/\/www.mooninvoice.com\/blog\/?p=18420"},"modified":"2026-05-04T11:41:15","modified_gmt":"2026-05-04T11:41:15","slug":"construction-insurance","status":"publish","type":"post","link":"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/","title":{"rendered":"Construction Insurance: Types, Costs &#038; Tips to Know in 2026"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_11 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#What_is_Construction_Insurance\" title=\"What is Construction Insurance?\">What is Construction Insurance?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#6_Types_of_Construction_Insurance\" title=\"6 Types of Construction Insurance\">6 Types of Construction Insurance<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#How_Much_Does_Construction_Insurance_Cost_to_Construction_Businesses\" title=\"How Much Does Construction Insurance Cost to Construction Businesses?\">How Much Does Construction Insurance Cost to Construction Businesses?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#Tips_to_Choose_the_Best_Construction_Insurance_Coverage_Companies\" title=\"Tips to Choose the Best Construction Insurance Coverage Companies\">Tips to Choose the Best Construction Insurance Coverage Companies<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<p><script type=\"application\/ld+json\">\n    {\n      \"@context\": \"https:\/\/schema.org\",\n      \"@type\": \"FAQPage\",\n      \"mainEntity\": [{\n        \"@type\": \"Question\",\n        \"name\": \"What is a Construction Insurance Policy?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"A construction insurance policy, often referred to as contractor s insurance, is a type of insurance coverage designed to protect construction professionals and companies from various risks and liabilities associated with their projects.\"\n        }\n      }, {\n        \"@type\": \"Question\",\n        \"name\": \"What is a Type of Insurance that a Contractor should Maintain?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"The construction contractors shall focus on general liability insurance to protect their businesses. If more involved with company vehicles, then they must focus on auto insurance in order to protect their businesses.\"\n        }\n      }, {\n        \"@type\": \"Question\",\n        \"name\": \"How is Construction Insurance Calculated?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"The cost of construction insurance is calculated based on several factors,<\/p>\n<p>Size of Company and Location\nNumber of Employees\nPrevious claim history \nType and scope of project, etc.\"\n        }\n      }, {\n        \"@type\": \"Question\",\n        \"name\": \"What is Design-Build Insurance?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"Design-build insurance is a specialized insurance coverage tailored for contractors and firms involved in design-build projects. It combines coverage for both the design and construction phases, ensuring comprehensive protection for potential liabilities and risks associated with these projects.\"\n        }\n      }, {\n        \"@type\": \"Question\",\n        \"name\": \"What Insurance Does a Construction Company Need?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"A construction company (small business) typically needs the following insurance when it comes to insurance on building, \nGeneral Liability Insurance,\nCommercial Auto Insurance\nProfessional Liability Insurance,\nRisk Insurance, etc.\"\n        }\n      }, {\n        \"@type\": \"Question\",\n        \"name\": \"How Much is Construction Insurance?\",\n        \"acceptedAnswer\": {\n          \"@type\": \"Answer\",\n          \"text\": \"The cost of construction insurance varies widely based on factors such as \nType of Insurance\nNature of project\nPrevious history etc.\"\n        }\n      }]\n    }\n    <\/script><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\/\",\n  \"@type\": \"BlogPosting\",\n  \"mainEntityOfPage\": {\n    \"@type\": \"WebPage\",\n    \"@id\": \"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/\"\n  },\n  \"headline\": \"Construction Insurance: 6 Must-Have Types and Costs\",\n  \"description\": \"Learn about the costs and types of construction insurance. Protect your projects with the right coverage. Get started today!\",\n  \"image\": {\n    \"@type\": \"ImageObject\",\n    \"url\": \"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/03095511\/Construction-Insurance-Types-Costs-Tips-to-Know-in-2023.jpg\",\n    \"width\": \"1200\",\n    \"height\": \"700\"\n  },\n  \"author\": {\n    \"@type\": \"Person\",\n    \"name\": \"Jayanti Katariya\"\n  },\n  \"publisher\": {\n    \"@type\": \"Organization\",\n    \"name\": \"Moon invoice\",\n    \"logo\": {\n      \"@type\": \"ImageObject\",\n      \"url\": \"https:\/\/cdn.mooninvoice.com\/image\/images\/logo.svg\",\n      \"width\": \"252\",\n      \"height\": \"47\"\n    }\n  },\n  \"datePublished\": \"2023-10-02\",\n  \"dateModified\": \"2023-10-02\"\n}\n<span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Construction_Insurance\"><\/span>What is Construction Insurance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To start with &#8211; construction insurance is a very broad term. You can say it\u2019s kind of an ocean.<\/p>\n<p>The term &#8220;construction insurance&#8221; refers to a wide variety of products designed to safeguard individuals and businesses during building projects. The word &#8220;construction insurance&#8221; is sometimes used interchangeably with &#8220;builder&#8217;s risk insurance,&#8221; although it does not refer to a specific kind of insurance for a construction project.<\/p>\n<p>The specific construction insurance needs of an individual firm or construction project depend on a wide range of circumstances. Among them include the nature of the buyer&#8217;s business or personal status, the nature of the property being insured, and the nature of the buyer&#8217;s connection to the project.<\/p>\n<p>It&#8217;s also worth noting that insurance companies for construction sometimes provide discounts when many policies are purchased together in bundles tailored to certain professions.<\/p>\n<div class=\"cta-sc\">\n<p class=\"cta-ttl\"><strong class=\"cta-ttl\">Streamline Your Construction Business Invoicing Process with a Brand Trusted by Over 1M+ Users<\/strong><\/p>\n<p class=\"cta-cnt\">Moon Invoice has all the features to be the best construction invoicing tool for your contractor business.<\/p>\n<p><a class=\"btn\">Download Now!<\/a>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"6_Types_of_Construction_Insurance\"><\/span>6 Types of Construction Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this section, we will be discussing 6 major types of construction insurance &#8211; related to construction liability insurance, property damage, equipment insurance, building risk insurance, insurance policies for general contractors, insurance policies for bodily injury, insurance related to business property, etc.<\/p>\n<h3>1. General Liability Insurance<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18424\" src=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance.jpg\" alt=\"General Liability Insurance\" width=\"1100\" height=\"533\" srcset=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance.jpg 1100w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance-300x145.jpg 300w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance-1024x496.jpg 1024w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance-768x372.jpg 768w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/09\/02112515\/General-Liability-Insurance-150x73.jpg 150w\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\" \/><\/p>\n<p>Construction firms should get <a href=\"https:\/\/www.mooninvoice.com\/blog\/general-liability-insurance-for-contractors\/\" target=\"_blank\" rel=\"noopener\">general liability insurance<\/a> to guard against the wide variety of potential dangers they encounter. Potential dangers include:<\/p>\n<ul class=\"custom-disc-list\">\n<li>Injury to a third party&#8217;s property<\/li>\n<li>Injury to a third party&#8217;s body<\/li>\n<li>Violations of copyright and other forms of advertising damage<\/li>\n<li>Injuries brought on by your finished project&#8217;s installation or construction<\/li>\n<\/ul>\n<p>Your business general liability coverage will pay for any necessary medical care and any damaged or lost property if one of these things happens on the job.<\/p>\n<p>General liability insurance or construction liability insurance should be a cornerstone of your construction insurance package because of the much-increased risk of bodily harm and physical damage to property in the building industry compared to other businesses. Construction projects sometimes need this kind of insurance, and some customers may insist that you have it before they hire you.<\/p>\n<p>Contractors&#8217; pollution liability insurance should supplement general liability coverage. Contractors&#8217; pollution liability coverage, a kind of environmental insurance, safeguards against incidents of pollution that may result in personal harm or property damage to a third party.<\/p>\n<h3>2. Professional Liability Insurance<\/h3>\n<p>Your construction company is safeguarded against legal action about the quality of your work or the work of any subcontractors that you may have employed if you have professional liability insurance, generally referred to as errors and omissions insurance (E&amp;O).<\/p>\n<p>When you are insured by professional liability insurance, you can have the benefits of lawyer fees, court fees, settlements, or any other lawsuit charges &#8211; No matter if you\u2019re at fault or not.<\/p>\n<h3>3. Workers Compensation Insurance for Construction Industry<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18425\" src=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry.jpg\" alt=\"Workers Compensation Insurance for Construction Industry\" width=\"1100\" height=\"533\" srcset=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry.jpg 1100w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry-300x145.jpg 300w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry-1024x496.jpg 1024w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry-768x372.jpg 768w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112654\/Workers-Compensation-Insurance-for-Construction-Industry-150x73.jpg 150w\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\" \/><\/p>\n<p>Another type of construction business insurance is workers&#8217; compensation insurance. To brief about such construction insurance solutions, let us take an example.<\/p>\n<p>For example, you run a construction company, and one of your employees has an accident or sickness on the job. Now, if you have workers&#8217; compensation insurance &#8211; it will pay off his medical bills, which will cover medical care and lost income.<\/p>\n<p>Having workers&#8217; comp insurance protects the business owner, the employee, and the company from financial loss. In addition, most workers&#8217; comp plans also contain employer&#8217;s liability insurance, which may be used to defray the cost of employee lawsuits alleging that dangerous working conditions caused their injuries.<\/p>\n<h3>4. Commercial Auto Insurance<\/h3>\n<p>When another person is hurt in a car accident, the costs quickly add up. If one of your corporate cars were involved in an accident, the associated medical costs, legal fees, and property damage would be covered by the commercial auto insurance policy. Trucks and other vehicles utilized in the construction industry are included.<\/p>\n<p>Commercial auto insurance for company-owned cars is mandatory in most states for construction companies and contractors, while the minimum amount of coverage needed varies by jurisdiction. Having insurance that covers at least the minimum required by your state and an amount that will cover actual costs in the event of an accident is ideal.<\/p>\n<h3>5. Builders Risk Insurance<\/h3>\n<p>The expenses of any damage done to a building or structure while it is still in the process of being constructed are covered by the builder&#8217;s risk insurance, which is sometimes referred to as the course of construction insurance.<\/p>\n<p>Such damages can be done by fire, weather or vandalism. Even if other construction insurance plans protect workers and equipment, the majority of them do not cover structures that are not yet complete.<\/p>\n<h3>6. Inland Marine Insurance<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18426\" src=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance.jpg\" alt=\"Inland Marine Insurance\" width=\"1100\" height=\"533\" srcset=\"https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance.jpg 1100w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance-300x145.jpg 300w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance-1024x496.jpg 1024w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance-768x372.jpg 768w, https:\/\/mi-blogs.s3.amazonaws.com\/mi-live\/blog\/wp-content\/uploads\/2023\/10\/02112759\/Inland-Marine-Insurance-150x73.jpg 150w\" sizes=\"auto, (max-width: 1100px) 100vw, 1100px\" \/><\/p>\n<p>The construction business is only one of several that may benefit from inland marine insurance. The term &#8220;marine insurance&#8221; refers to a kind of insurance that was formerly associated largely with goods and boats that were transported overseas.<\/p>\n<p>Now, a wide variety of goods\u2014from those in transit to those in the custody of a repairman or storage facility to those that are routinely transported between various locations\u2014are protected by inland marine insurance.<\/p>\n<div class=\"blog-cta-main blog-cta-tip\">\n<strong><span class=\"cta-icon\">\ud83d\udca1<\/span>Read:<\/strong><a href=\"https:\/\/www.mooninvoice.com\/blog\/how-to-become-a-construction-estimator\/\">How to Become a Construction Estimator<\/a>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Does_Construction_Insurance_Cost_to_Construction_Businesses\"><\/span>How Much Does Construction Insurance Cost to Construction Businesses?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Well, to be very honest, construction insurance costs mainly depend on a number of factors and stakeholders.<\/p>\n<p>While no two policies are identical, you may still get a general idea of costs by researching several providers. The average price of various building insurance policies is as follows:<\/p>\n<ul class=\"custom-disc-list\">\n<li><strong>General liability<\/strong>: $70 per month<\/li>\n<li><strong>Workers\u2019 comp<\/strong>: $275 per month<\/li>\n<li><strong>Commercial auto<\/strong>: $150 per month<\/li>\n<li><strong>Contractor\u2019s tools and equipment<\/strong>: $15 per month<\/li>\n<li><strong>Professional liability<\/strong>: $85 per month<\/li>\n<\/ul>\n<div class=\"cta-sc\">\n<p class=\"cta-ttl\"><strong class=\"cta-ttl\">850+ Construction Businesses, along with Bob\u2019s Organization, Are Using Specialized Solutions When It Comes to Invoicing<\/strong><\/p>\n<p class=\"cta-cnt\">Start Using Moon Invoice\u2019s Construction invoice template to create professional-looking invoices.<\/p>\n<p><a class=\"btn\">Start Free Trial!<\/a>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Tips_to_Choose_the_Best_Construction_Insurance_Coverage_Companies\"><\/span>Tips to Choose the Best Construction Insurance Coverage Companies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While you still search for an insurance company for construction or construction insurance companies &#8211; the price of building insurance plans will be determined by a number of different criteria.<\/p>\n<p>Despite the fact that insurance for a construction company is marketed separately and differ in terms of what they cover, these policies are often impacted by the same set of characteristics, which are as follows:<\/p>\n<ul class=\"custom-disc-list\">\n<li>Credit record of the company, as well as that of the policyholder and any listed insureds<\/li>\n<li>The expertise of the businesses and contractors<\/li>\n<li>The scale of the project or the company<\/li>\n<li>The geographical location of the project, enterprise, or contractor<\/li>\n<li>Limits on coverage and minimum out-of-pocket expenses<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So, that is it when it comes to insurance for construction companies. We have not covered the surety bonds, payment bonds, bid bonds, construction bonds, what comes under property damage claims, lost wages, physical damage coverage at the job site, etc.<\/p>\n<p>If you are one of those construction companies that doesn&#8217;t have any invoicing solution and scattered business operations &#8211; then Moon Invoice is the best choice as your next invoicing tool. You may use any of the <a href=\"https:\/\/www.mooninvoice.com\/free-invoice-template\/construction\" target=\"_blank\" rel=\"noopener\">construction invoice template<\/a> forms to design customized invoices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"1-link-18420\" class=\"sh-link 1-link sh-hide\"><h3 onclick=\"showhide_toggle('1', 18420, 'What is a Construction Insurance Policy?', 'What is a Construction Insurance Policy?'); return false;\" aria-expanded=\"false\"><span id=\"1-toggle-18420\" class=\"sh-toggle\" data-more=\"What is a Construction Insurance Policy?\" data-less=\"What is a Construction Insurance Policy?\">What is a Construction Insurance Policy?<\/span><\/h3><\/div><div id=\"1-content-18420\" class=\"sh-content 1-content sh-hide\" style=\"display: none;\">A construction insurance policy, often referred to as contractor&#8217;s insurance, is a type of insurance coverage designed to protect construction professionals and companies from various risks and liabilities associated with their projects.<\/p>\n<p><\/div>\n<div id=\"2-link-18420\" class=\"sh-link 2-link sh-hide\"><h3 onclick=\"showhide_toggle('2', 18420, 'What is a Type of Insurance that a Contractor should Maintain?', 'What is a Type of Insurance that a Contractor should Maintain?'); return false;\" aria-expanded=\"false\"><span id=\"2-toggle-18420\" class=\"sh-toggle\" data-more=\"What is a Type of Insurance that a Contractor should Maintain?\" data-less=\"What is a Type of Insurance that a Contractor should Maintain?\">What is a Type of Insurance that a Contractor should Maintain?<\/span><\/h3><\/div><div id=\"2-content-18420\" class=\"sh-content 2-content sh-hide\" style=\"display: none;\">The construction contractors shall focus on general liability insurance to protect their businesses. If more involved with company vehicles, then they must focus on auto insurance in order to protect their businesses.<\/p>\n<p><\/div>\n<div id=\"3-link-18420\" class=\"sh-link 3-link sh-hide\"><h3 onclick=\"showhide_toggle('3', 18420, 'How is Construction Insurance Calculated?', 'How is Construction Insurance Calculated?'); return false;\" aria-expanded=\"false\"><span id=\"3-toggle-18420\" class=\"sh-toggle\" data-more=\"How is Construction Insurance Calculated?\" data-less=\"How is Construction Insurance Calculated?\">How is Construction Insurance Calculated?<\/span><\/h3><\/div><div id=\"3-content-18420\" class=\"sh-content 3-content sh-hide\" style=\"display: none;\">The cost of construction insurance is calculated based on several factors,<\/p>\n<ul class=\"custom-disc-list\">\n<li>Size of Company and Location<\/li>\n<li>Number of Employees<\/li>\n<li>Previous claim history<\/li>\n<li>Type and scope of project, etc.<\/li>\n<\/ul>\n<p><\/div>\n<div id=\"4-link-18420\" class=\"sh-link 4-link sh-hide\"><h3 onclick=\"showhide_toggle('4', 18420, 'What is Design-Build Insurance?', 'What is Design-Build Insurance?'); return false;\" aria-expanded=\"false\"><span id=\"4-toggle-18420\" class=\"sh-toggle\" data-more=\"What is Design-Build Insurance?\" data-less=\"What is Design-Build Insurance?\">What is Design-Build Insurance?<\/span><\/h3><\/div><div id=\"4-content-18420\" class=\"sh-content 4-content sh-hide\" style=\"display: none;\">Design-build insurance is a specialized insurance coverage tailored for contractors and firms involved in design-build projects. It combines coverage for both the design and construction phases, ensuring comprehensive protection for potential liabilities and risks associated with these projects.<\/p>\n<p><\/div>\n<div id=\"5-link-18420\" class=\"sh-link 5-link sh-hide\"><h3 onclick=\"showhide_toggle('5', 18420, 'What Insurance Does a Construction Company Need?', 'What Insurance Does a Construction Company Need?'); return false;\" aria-expanded=\"false\"><span id=\"5-toggle-18420\" class=\"sh-toggle\" data-more=\"What Insurance Does a Construction Company Need?\" data-less=\"What Insurance Does a Construction Company Need?\">What Insurance Does a Construction Company Need?<\/span><\/h3><\/div><div id=\"5-content-18420\" class=\"sh-content 5-content sh-hide\" style=\"display: none;\">A construction company (small business) typically needs the following insurance when it comes to insurance on building,<\/p>\n<ul class=\"custom-disc-list\">\n<li>General Liability Insurance,<\/li>\n<li>Commercial Auto Insurance<\/li>\n<li>Professional Liability Insurance,<\/li>\n<li>Risk Insurance, etc.<\/li>\n<\/ul>\n<p><\/div>\n<div id=\"6-link-18420\" class=\"sh-link 6-link sh-hide\"><h3 onclick=\"showhide_toggle('6', 18420, 'How Much is Construction Insurance?', 'How Much is Construction Insurance?'); return false;\" aria-expanded=\"false\"><span id=\"6-toggle-18420\" class=\"sh-toggle\" data-more=\"How Much is Construction Insurance?\" data-less=\"How Much is Construction Insurance?\">How Much is Construction Insurance?<\/span><\/h3><\/div><div id=\"6-content-18420\" class=\"sh-content 6-content sh-hide\" style=\"display: none;\">The cost of construction insurance varies widely based on factors such as<\/p>\n<ul class=\"custom-disc-list\">\n<li>Type of Insurance<\/li>\n<li>Nature of project<\/li>\n<li>Previous history etc.<\/li>\n<\/ul>\n<p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Table of Contents What is Construction Insurance?6 Types of Construction InsuranceHow Much Does Construction Insurance Cost to Construction Businesses?Tips to Choose the Best Construction Insurance Coverage CompaniesConclusionFAQs What is Construction Insurance? To start with &#8211; construction insurance is a very broad term. You can say it\u2019s kind of an ocean. The term &#8220;construction insurance&#8221; refers&hellip; <a class=\"more-link\" href=\"https:\/\/www.mooninvoice.com\/blog\/construction-insurance\/\">Continue reading <span class=\"screen-reader-text\">Construction Insurance: Types, Costs &#038; Tips to Know in 2026<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":21784,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-custom-post.php","format":"standard","meta":{"footnotes":""},"categories":[1379],"tags":[],"class_list":["post-18420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide-for-contractors","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Free Invoicing, Finance Tips &amp; Insights for Small Business<\/title>\n<meta name=\"description\" content=\"Get insights on invoicing, finance, and startup tips for small businesses, freelancers, and payment at Moon Invoice Blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Construction Insurance: 6 Must-Have Types and Costs\" \/>\n<meta property=\"og:description\" content=\"Learn about the costs and types of construction insurance. Protect your projects with the right coverage. 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