Are you properly insured?
Are you sure that your company is insured against all possible damages? It is important that you understand what your insurance company is offering your company and employees!
We can offer your company a non-biased second opinion as to your insurance requirements.
Our insurance coverage analysis will provide you an easy to understand systematic review of your business’s insurance needs and the coverage that is currently in place. This analysis will help to identify gaps in coverage and make informed decisions about which types of insurance are most important for your business.s.
Some of Foy Safety’s key considerations during a construction company insurance coverage review are:
- The Types of insurance: There are a number of different types of insurance that may be relevant to a construction company, including general liability insurance, workers’ compensation insurance, and equipment insurance. It is important to understand the coverage provided by each type of insurance and to determine which types of insurance are most important for your business.
- Risk assessment: A risk assessment is a critical step in a construction company insurance coverage analysis. This involves identifying and evaluating the potential risks and liabilities that your business may face, such as accidents, injuries, and property damage. Based on this assessment, you can determine which types of insurance are most important for your business.
- Policy limits: It is important to carefully review the policy limits of your insurance coverage to ensure that you have adequate protection in the event of a claim. This may involve increasing the limits of your coverage or purchasing additional coverage to fill any gaps.
- Coverage exclusions: It is also important to review the exclusions in your insurance policies to understand any situations that are not covered by your insurance. This can help you to identify any potential coverage gaps and to make informed decisions about your insurance needs.
Overall, a construction company insurance coverage analysis is a valuable tool for ensuring that your business has adequate protection against potential risks and liabilities. By allowing Foy Safety to conduct a thorough analysis and identify any gaps in coverage, you can make informed decisions about which types of insurance are most important for your business.