Insurance for Home Builders in Washington
Home builders in Washington play a vital role in shaping the residential communities of cities like Seattle, Spokane, and Olympia. But overseeing new construction projects involves extensive planning, subcontractor coordination, and exposure to on-site hazards. To protect your business and comply with state laws, comprehensive insurance and proper bonding are essential.
General liability insurance is a core requirement for home builders. It covers third-party bodily injury, property damage, and legal costs if a claim arises during the course of a build. Whether it’s a visitor injured on-site or damage to a neighboring property, this coverage helps shield your business from financial fallout.
Washington requires workers’ compensation insurance for companies with employees. Given the physical demands of construction work—from working at heights to handling heavy machinery—this policy ensures injured workers receive medical care and wage replacement, while protecting your business from legal action.
Builder’s risk insurance is crucial for home construction projects. It covers property under construction against losses from fire, theft, vandalism, or weather events. With Washington’s varied climate, including rain and snow, this coverage ensures your investment is protected until the project is complete.
Inland marine insurance protects tools, materials, and equipment while they’re in transit or stored at a job site. From framing tools and saws to scaffolding and generators, this policy keeps your operation moving in the face of theft or damage.
You’ll also need commercial auto insurance for vehicles transporting crews, materials, and tools. It protects against accidents, liability, and damage involving your company-owned vehicles. If employees drive personal vehicles for business purposes, hired and non-owned auto coverage can help close the gap.
All home builders in Washington must be licensed and bonded. A contractor bond provides financial security to your clients and regulatory agencies, ensuring you’ll complete the work to code and fulfill contract terms. It’s a key component of your licensing and business credibility.
Errors and omissions insurance is beneficial for builders offering design-build services. It protects against claims that your designs or decisions led to financial loss or construction defects.
At Insurance Alliance, we help home builders across Washington develop insurance programs that meet state requirements and cover the complex risks of new construction. Whether you specialize in luxury homes or subdivisions, we’ll tailor a plan that supports your growth and protects your future.
Contact Insurance Alliance today to build an insurance solution as solid as the homes you create.
