Summer is the perfect time for construction projects—and not just for contractors. Many business owners use this season to upgrade their buildings, remodel their offices, or take on major improvement projects. But with all the progress and potential comes risk.
At ABQ Insurance, we help local business owners stay protected when the hammers start swinging. If you’re planning renovations or hiring a contractor, now is the time to double-check your business insurance coverage.
Looking for a trusted business insurance Albuquerque provider? Here’s what to know before starting your summer project.
🏗️ Why Summer Construction Can Mean Higher Risk
From new signage to full structural renovations, construction introduces a variety of risks to your property and business operations:
- Property damage
- Injuries to workers or customers
- Liability for contractors
- Business interruption
- Fire or electrical hazards
- Theft of tools or materials
Even simple improvements can expose your business to liabilities you might not have thought about—especially if you’re not working with properly insured vendors.
🔍 Are Contractors Always Covered?
A common misconception is that contractors carry all the responsibility during construction. In reality, if their policy lapses—or if they don’t have the right kind of insurance—you could be on the hook.
Before hiring any professional for your project, be sure to:
✅ Request proof of general liability and workers’ comp insurance
✅ Ask for a certificate of insurance (COI) with your business listed as an additional insured
✅ Understand who is responsible for subcontractors and site safety
And if you’re managing parts of the project yourself, your commercial insurance may need to be adjusted to reflect new risks.
🔧 Don’t Forget Tools, Equipment & Materials
Construction often means bringing in valuable tools, temporary equipment, or new inventory. If these items are damaged or stolen while on-site, your existing policy might not fully cover them.
Consider adding:
- Equipment floater or inland marine coverage for tools in transit or offsite
- Builders’ risk insurance for property under construction
- Commercial property insurance updates if you’re expanding square footage
If you’re unsure what’s covered, ABQ Insurance can review your policy and walk you through the gaps.
🛑 Planning to Stay Open During Renovations?
If your business remains open while work is underway, make sure you’re prepared:
- Block off dangerous areas
- Display clear signage
- Monitor customer and employee access
- Notify your insurance agent of changes in operations or layout
Any injuries on the premises—even those unrelated to the renovation—can turn into liability claims. An updated general liability policy can help cover medical costs, legal fees, and more.
📞 Start with a Coverage Review
Before the scaffolding goes up, give your insurance agent a call. At ABQ Insurance, we specialize in helping business owners plan ahead, so projects run smoothly—and unexpected expenses don’t derail your progress.
Looking for a tailored commercial insurance Albuquerque NM quote? We’ll help you:
✔️ Verify coverage limits
✔️ Add any temporary or project-based protections
✔️ Avoid disruptions that could impact your bottom line
Don’t let a renovation turn into a financial setback.
Request your business insurance quote Albuquerque business owners trust—contact ABQ Insurance today and build your next project with confidence.
