Liability Insurance Options for the General Contractor


As a general contractor, you will need insurance to cover any loss, damages or injuries that can occur during a new construction or renovation project. A contractor controlled insurance program, or CCIP, is a broad insurance policy that not only protects the contractor, but it also protects any subcontractors hired for a project and the owner of the project or property.

What can be Included in a CCIP?

Some contractors opt to secure policies with different companies for different aspects of liability, but a CCIP can offer coverage within a single policy. A CCIP policy can include coverage of the following areas:

General liability to cover expenses for equipment or property damage
Professional liability to protect the contractor and its employees from claims made
Workman’s compensation to cover expenses that can occur when an injury occurs on the job

What are the Advantages of a CCIP?

Compared to purchasing multiple policies, a CCIP is a more cost-effective approach to liability coverage. Additionally, the benefits of a CCIP can include:

The ability to select coverage for one project (“rolling coverage”) or multiple projects
Covering subcontractors with or without their policy
Streamlining any legal claims
Reducing redundancies and gaps in coverage
Providing established safety management protocols

When running your own contractor business, researching CCIP options can allow you to save money, provide effective coverage and show clients that you take the safety of their project seriously.