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A Guide to Understanding Construction Insurance

A Guide to Understanding Construction InsuranceWhat are Construction Insurance Policies?

Construction Insurance is a financial and legal instrument serving as a
means to provide protection to both employees and employers within the
realm of a construction site; Construction Insurance plans allow for the
expressed identification of liability and responsibility in the event
that harm, injury, or damage occurs as a result of employment within a
construction project.

Construction Insurance plans and policies not only
allow for employees to collect compensation in the event that they
sustain harm or injury, but may also protect employers from prosecution;
the terms inherent within Construction Insurance policies will vary
with regard to the nature of the construction project – the inherent
risk of employment within a construction site is amongst the most common
determining factors of individual Construction Insurance policies.

Standards and Practices of Construction Insurance Policies


In the event that an individual is injured as a result of their
respective employ, they may be eligible to receive compensation as a
result of a Construction Insurance policy:

Construction Site Injuries

Injury or damages sustained by an employee resulting in pain and
suffering following a workplace injury may include physical or emotional
trauma depending on the severity of the injury; in certain cases, a
severe injury can result in permanent financial compensation. A
Construction Insurance policy will typically gauge the nature of
punitive damages sustained by the employee, which can include subsequent
outcomes of the accident, which may result in monies allotted towards
medical treatment, which includes surgery, therapy, operations,
treatment, and medication.

Worker’s Compensation and Construction Insurance


Worker’s Compensation is a type of Construction Insurance policy that
serves as restitution for those injured as a result of construction
accidents; worker’s compensation expresses that an employee waives their
legal right to sue an employer in lieu of receiving compensatory
payment for any expenses incurred as a result of the construction site
accident in question – this requires the furnishing of:

An accident report that has been approved and/or sanctioned by their place of employment

A copy of their employment contract

Witness testimony documenting the accident or event

Certifications and regulations confirming safe, lawful, and ethical employment

Medical reports detailing an examination

Terms of Construction Insurance Policies

The following terms and classifications are identified within Construction Insurance policies:

Construction Site Negligence


Construction Insurance policies classify negligence as the undertaking
of the activity or operation of construction recognized as
legally-permissible; this classification maintains that damage or injury
sustained as a result of activities undertaken within a construction
site occurred despite the implicit recognition that the activities
occurring on the site were without reckless, careless, or
expressly-unlawful behavior.

Safety Requirements of a Construction Site

Within the contractual stipulations of Construction Insurance policies
exist a variety of legislation requiring the individual deemed to be
responsible for the respective employment with in a construction site to
be provided with a safe workplace environment, which is defined as one
in which risks of occupational injury, hazards, and damage have been
sufficiently diminished – the Occupational and Safety Hazard
Administration (OSHA) is the governmental body primarily responsible for
the furnishing of the guidelines of such standards and practices.

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