Property development involves a wide range of risks—property damage, project delays, subcontractor liabilities, and financial risks are all part of the job. Whether you handle residential developments, commercial buildings, or mixed-use projects, developers face liabilities that could lead to costly claims. At GrayStone Insurance Group we provide tailored insurance plans that address these risks.
Property development often involves managing multiple trades and physical labor, which can lead to injuries. Workers’ compensation insurance covers medical expenses, rehabilitation, and lost wages if an employee is injured on the job. This coverage also helps you comply with legal requirements, reducing the risk of penalties.
Transporting materials, tools, and crew members is essential for development projects. Commercial auto insurance covers vehicles used for business purposes, protecting against damages, accidents, and liability claims. This coverage helps ensure that your business remains operational even if a vehicle is involved in an accident.
Your tools and equipment are essential to completing each development project efficiently. Tools and equipment insurance protects against theft, loss, or damage, covering items like heavy machinery, power tools, and other specialized equipment. If your tools are stolen or damaged, this coverage helps replace them quickly, minimizing downtime.
Builders risk insurance provides protection for structures under construction, covering damages from events like fire, theft, vandalism, and weather-related incidents. This coverage ensures that your project stays on track, even if unexpected damages occur during the construction process.
Mistakes or oversights in planning, design, or construction can lead to costly issues for clients. Professional liability insurance protects against claims of negligence, errors, or omissions. If a design flaw or oversight leads to structural problems, this coverage helps handle legal costs and potential settlements.
Developers need insurance solutions that address their specific risks. At GrayStone Insurance Group we provide reliable coverage to protect your projects. Contact us today to customize a plan that suits your needs.
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