The insurance that you get as an owner builder should be chosen to help protect you, protect your company, and protect the people on the project.  Most people who are doing big jobs need to have insurance that’s covers everything, and they will need to see what can be done to get specific insurance for each job.  You can get an agent to write up everything for you, and they will show you how to save money on each of the projects that you need to insure.

1.  The Vehicles

You must insure all the different vehicles that your company owns, and you can get the insurance for a specific type of vehicle here https://connectbi.com.au/.  Someone who would like to have the auto insurance cover a fleet should talk to their agent.  The agent knows how to give you a better price, and they will talk to you about what they can do to lower the price on the cars because that is much easier to do when you have several vehicles.

2.  People

You need to insure everyone that works for you, and it is very smart for you to get the insurance that will cover your staff in case of injury or death.  You do not want to be sued by other people on the project, and the insurance company will let you know how they can insure all the people that work for you.  You have to raise the level of coverage the more people that you hire, and you can go back to your agent any time you need more coverage.  They can add to the policy right there, and they can help you save money, too.

3.  Material Insurance

You need to have insurance on all the materials that you have used because they make a difference in the project that you are completing.  You will find that this level of insurance actually protects you from defects at the same time that it protects you from lost shipments that might occur.  Someone who is trying to get this kind of insurance needs to see if they can get a company to write a policy that they can actually afford.  The products are so expensive that you might be surprised by how much insurance you need.  You still need to get it because it is vital to your success and safety.

4.  Rental Insurance

You need rental insurance that you can use on all the large machines you have rented for the site.  You might rent something like a crane, and you want to have insurance that will help you insure that crane specifically in case something happens.  There are many people who would like to have the rental insurance set up beforehand, and you just enter the information for the machine when it has been rented.

The insurance that you need for your construction company is very important, and you need to find an agent who will help you write policies that are much cheaper overall.