Contractor Liability, Equipment Insurance and Builder’s Risk Insurance

The Triad area of North Carolina is growing, and general contractors and builders are leading the construction efforts to support that growth. But being in the construction industry comes with significant risk, so you need the right combination of reliable, affordable plans that include contractor liability insurance, contractor equipment insurance, and builder’s risk insurance.

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Insurance for General Contractors and Builders

The Phoenix Group helps contractors and builders find comprehensive insurance plans specifically developed to protect their business, their staff, and their valuable equipment. Our affordable, reliable construction insurance plans include:

  • Contractor liability insurance. General liability insurance for contractors protects against injuries and property damage, and covers any legal costs that may arise if the contractor is found legally liable for an injury or problem.
  • Contractors equipment insurance. This insurance protects against any damage or loss to contractor’s equipment and tools, which may be a result of fire, flood, vandalism or theft. Contractors equipment insurance fills the gap where general commercial property insurance or commercial auto insurance plans may not apply.
  • Builder’s risk insurance. Also known as construction insurance, this coverage protects builders and their buildings from the variety of risks related to the project. If your building site experiences a fire, vandalism, theft, weather destruction, or other natural disasters, you and your construction business need to be protected from property loss and related expenses. Since builders can be held liable instead of the property owners, it is imperative to have a builder’s risk insurance plan to protect the builder during the construction process.

Custom insurance plans for your construction business

Contractors’ insurance plans can vary widely in price and coverage. At The Phoenix Group, we work with you to understand your specific insurance needs, including the risk and value of your specific projects and buildings, the value of your equipment, whether you lease or own equipment, the size of projects you undertake, and more.

Once we truly understand your specific needs as a general or independent contractor, we will shop for the insurance plans that meet those needs and your budget. We represent leading brands in construction insurance and, as independent agents, we can shop around to find the right insurance plan for your construction business.

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You may also call (336)765-9332 to speak to an agent. Requesting a quote is not a guarantee of coverage. All coverages are subject to the terms, conditions, and exclusions of the actual policy issues. Not all policies or coverages are available in every state. 

In an era where exceptional one-to-one customer service excellence has virtually disappeared, the work that Sandy Nicholson Oast, claims coordinator, did should be held as an example for others to try to emulate. Her professional attitude and demeanor were certainly refreshing during this stressful time. I am sure she is a great asset to your organization, and this is one of the main reasons we have remain a loyal customer of The Phoenix Company for over 30 years.

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Local Agent. National Support.

Correll Insurance Group offers the best of both worlds—you get to use a local, independent agent who lives in your town and knows you personally, but this agent is backed by a strong, national firm that’s been serving the Carolinas for more than 90 years. So you don’t have to choose between having a personal relationship with your agent and knowing your insurance has enough resources. You’ll get both with Correll.


The Phoenix Company is a member of Correll Insurance Group and works to bring you coverage that best fits your needs.  Visit our corporate site to learn more.

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