What type of coverage is suggested for builders to protect against common construction risks?

General liability insurance is the recommended coverage for builders to safeguard against various common construction risks. This type of insurance offers protection against claims arising from bodily injury, property damage, and personal injury that may occur during the construction process. For instance, if a visitor is injured on-site or if the construction work inadvertently damages a neighboring property, general liability insurance helps cover the financial repercussions, including legal fees and settlements.

By having this coverage, builders can ensure that they are prepared for the financial risks associated with their work, which can include hefty costs from accidents or damages that occur as a result of construction activities. Other types of insurance, such as health, equipment, or vehicle insurance, serve different purposes and do not specifically address the broad range of liabilities that builders can face on the job site. Thus, general liability insurance is essential for providing comprehensive protection tailored to the unique risks of the construction industry.