Completed operations insurance is a type of policy used to protect contractors against any sort of liability after a construction project has completed. Completed operations insurance coverage commences once work has stopped on the building project.

You’ll want to find information about completed operations insurance if you’re a contractor that does not want your business held responsible if something goes wrong after you have finished a job. Completed operations liability insurance coverage will pay for any personal injury or property damage suits made against your company.

1. Gather information on completed operations insurance. Determine whether your company would benefit from this type of coverage and your liability as a contractor of a particular project.

2. Find completed operations insurance agencies. You’ll have to deal directly with agencies with experience in contracting and building policies.

3. Speak to a completed operations insurance agent about enrollment. Set up coverage period as well as receive premium amounts.

Action Steps
The best contacts and resources to help you get it done

Be informed about completed operations insurance coverage

Before you go forward and speak to completed operations insurance agents, you should determine your liability for the project as well as make a risk assessment. Also, find out what completed operations liability insurance covers if a claim is made against your company.

I recommend: On the FindLaw website, you can research info about completed operations insurance. This can help you better understand from a legal standpoint. To read about requirements regarding completed operations insurance, go to Bowman and Brooke. This site gives you updates on new legislation passed regarding builder’s insurance programs.

Contact completed operations insurance brokers

After you have determined that you can utilize completed operations liability insurance coverage, you can contact a broker about purchasing the insurance for your company. Brokers will work with multiple companies in order to get you a good rate on coverage.

I recommend: Contact one of the brokers at Grifcon Enterprises in order to apply and receive quote on both general liability and completed operations insurance coverage. If you’re looking for a brokerage firm with a larger coverage area, then request more information from the Insurance Brokers Group.

Get quotes from completed operations insurance companies

To save on brokerage costs, you can contact completed operations insurance agents on your own. Ask for quotes in order to compare benefits as well as costs of each company's individual plan.

I recommend: Receive a quote from Stratus Insurance Services, a company that handles multiple types of insurance policies, including completed operations insurance. Morrell Insurance can also provide you with a quote if you’re interested in taking out a policy for your contracting firm.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Manufacturers may also benefit from completed operations liability insurance. This will protect the manufacturer against liability suits in came of damage or injury occurring after the manufacturer has finished the product and relinquished possession.