Why is construction insurance important?
Protects you against claims made in the event of accidents or damage to property. If you have an accident that pollutes land, air or water, or harms natural resources and/or biodiversity, the clean up can land you with a huge bill.
Are construction workers insured?
Typically, these project contracts will require the contractors to at least carry general liability, workers' compensation, and builders risk insurance. Sometimes, surety bonds and inland marine insurance will also be required, but much less often.