Masonry Insurance: Seven Policies You Need to Protect Your Business
Masonry is a cornerstone of the construction industry, providing the essential structure and durability to infrastructure for over 70% of the world’s buildings. Masonry buildings often last longer than buildings made of alternative materials, have improved heat insulation, are more resistant to fire, water, and mold, and allow mason contractors to design stone and brick structures with creativity.
Masons also extend their expertise beyond buildings, working on roofs, pools, walls, and walkways. Masonry roofs offer enhanced durability and weather resistance, while masonry pools ensure longevity and unique aesthetics. Walls and walkways crafted by masons provide structural support and distinct visual appeal. This versatility makes masonry an indispensable trade, vital to various construction and design projects.
However, unique risks come with its crucial role in the construction world. Masonry contractors face unique hazards daily, emphasizing the necessity for comprehensive masonry insurance. Masonry insurance is personalized to meet the needs of masons and bricklayers, keeping your business safe from daily risks.
At Central Insurance, customizing coverage to protect your masonry business is simple. With this article, you will know which insurance policies are the right ones to continue your work with peace of mind.
7 Insurance Policies for Comprehensive Masonry Insurance
Here are the essential policies you need to keep your business safe.
1. General Liability Insurance
General Liability insurance is a fundamental policy for any masonry business. It protects you against legal action due to bodily injury, property damage, and personal injury that might arise from your business operations. You may consider several customizations to better protect your specific business.
Learn More: Pollution Liability Insurance: What It Is and Why Your Business May Need It
For example, if a pedestrian is injured by falling debris at your construction site or if you accidentally damage a client’s property while working, this policy may cover legal fees, medical expenses, and settlements against you.
2. Workers’ Compensation Insurance
Workers’ Compensation insurance is essential to protecting your employees and your business. It can provide medical benefits and wage replacement to employees who get injured on the job. Most masons work full-time in physically demanding jobs that require standing, kneeling, and bending.
The nature of masonry work and potential hazards from the tools and materials used make this policy crucial for masonry contractors. Masons commonly work outdoors, and the higher outdoor temperatures climb, the more likely a worker will be injured, according to the Workers’ Compensation Research Institute. This policy can protect your business from lawsuits related to workplace injuries, such as ones sparked by the summer heat.
3. Commercial Auto Insurance
Commercial Auto insurance is necessary if your masonry business uses vehicles to transport materials, tools, or employees. This policy is vital whether you have one car or a large fleet of company vehicles. It covers vehicles you own, lease, or rent for business operations.
Commercial Auto insurance policies typically provide two types of coverage: property insurance for damage to your vehicle and liability insurance for bodily injury to others and damage to their property. However, you can expand your policies to include additional protection for uninsured motorists, medical payments, and personal injury protection.
4. Equipment and Tool Insurance
Masonry work relies heavily on specialized tools and equipment, which can be expensive to replace. Equipment and Tool insurance may cover the cost of repairing or replacing your tools and equipment if they are stolen, damaged, or destroyed.
As a contractor, your tools are vital for the work you do. Without them, you can face massive costs, business delays, and disappointed clients. This coverage ensures your business can continue operating smoothly without the financial burden of replacing essential items out-of-pocket.
5. Inland Marine Insurance
Inland Marine insurance is particularly useful for masonry contractors who frequently transport materials, tools, and equipment to different job sites. This policy covers property in transit and property stored at different locations.
This policy may protect your materials and equipment against theft, damage, or loss while being transported or stored away from your primary business location. A “floater” endorsement often provides Inland Marine insurance. This floater can be attached to another commercial policy owned by you, in which specific perils can be named.
6. Professional Liability Insurance
Also known as Errors and Omissions (E&O) insurance, Professional Liability insurance protects your masonry business against claims of negligence, errors, or omissions in the services you provide.
If a client alleges your work was faulty or you failed to deliver on the promised services, this policy may cover legal defense costs and settlements. It’s important coverage for protecting your business’s reputation and financial stability.
7. Commercial Property Insurance
Commercial Property insurance protects your business’s physical assets, including buildings, office spaces, and warehouses, and their contents, which can include tools, equipment, and masonry materials. Almost half of small businesses affected by a disaster never reopen, making this coverage vital in protecting your business.
This policy may cover damage or loss caused by fire, theft, vandalism, and certain natural disasters. Protecting your physical assets with this coverage allows your business to recover quickly from unexpected losses.
Learn More about Commercial Building insurance if you have a business property or building.
Business Owner’s Policy: A Comprehensive Solution for Masonry Insurance
A Business Owner’s Policy (BOP) is another excellent option for masonry contractors seeking comprehensive, cost-effective insurance coverage. A BOP bundles several essential insurance coverages into one convenient package, typically including General Liability, Commercial Property, and Business Interruption insurance. This combination provides a broad spectrum of protection against common risks faced by masonry businesses, such as property damage, legal claims, and loss of income due to unforeseen events.
One of the primary advantages of a BOP is its customization potential. Masonry businesses can tailor their BOP to include additional coverages that address their specific needs. This flexibility ensures all critical aspects of the business are safeguarded under one cohesive policy, simplifying the management of insurance needs and ensuring no gaps in coverage.
Learn More: How to Customize a BOP to Meet Your Business Needs
Central’s BOP
At Central, we understand contractors want to focus on their work without worrying about risks and liabilities. While larger construction companies may have dedicated teams to handle their insurance, small business masons can be overwhelmed balancing comprehensive insurance, budgets, and satisfying clients.
A Business Owner’s Policy at Central is designed to provide peace of mind. It’s a practical, efficient, and simple way to secure robust protection for your business’s long-term stability and reputation, as well as your physical assets and income.
Get in Touch: Build your customized BOP with an independent Central Agent near you.
The Central Difference
Securing these seven essential insurance coverages can protect your masonry business from all the unique risks it faces daily. At Central, we’re committed to helping you customize your coverage to fit your specific needs, allowing you to continue building with confidence and peace of mind. Our mission is to ensure your masonry insurance coverage is in the best interest of your business. With more than 140 years of experience and specialized construction expertise, Central is the best partner for your masonry business insurance needs.
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