What Kind of Insurance Do I Need for a Steel Erection Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 12
- 2 min read
Steel erection businesses face unique risks—from working at heights to handling heavy equipment and managing complex job sites. At Wexford Insurance, we specialize in helping steel erection contractors secure the right coverage to protect their workers, equipment, and projects.
Understanding which insurance policies you need is essential for compliance, financial security, and long-term success.
Why Insurance Is Critical for Steel Erection Contractors
Steel erection involves high-risk activities such as lifting steel beams, welding, and working on elevated structures. Without proper insurance, a single accident or equipment failure can lead to costly lawsuits, project delays, and financial losses.
Essential Insurance Policies for Steel Erection Businesses
What It Covers:
Third-party bodily injury (e.g., a visitor injured on your job site)
Property damage caused during operations
Legal defense costs
Why It Matters:
General liability is the foundation of contractor insurance. It protects your business from claims that could otherwise drain your resources.
What It Covers:
Medical expenses for injured employees
Lost wages during recovery
Rehabilitation costs
Why It Matters:
Steel erection work is physically demanding and hazardous. Workers’ compensation ensures compliance with state laws and protects your employees.
What It Covers:
Company vehicles used for transporting steel and equipment
Accidents involving your fleet
Liability for injuries or property damage caused by your vehicles
Why It Matters:
Your trucks and transport vehicles are vital for moving materials to job sites. Commercial auto coverage keeps your fleet protected.
What It Covers:
Office buildings and storage facilities
Tools and inventory stored on-site
Damage from fire, theft, or natural disasters
Why It Matters:
Protecting your physical assets ensures business continuity in case of unexpected events.
What It Covers:
Cranes, welding machines, and hoists
Damage from accidents or theft
Rental equipment coverage
Why It Matters:
Steel erection relies on expensive machinery. Equipment insurance prevents financial setbacks if your tools are damaged or stolen.
What It Covers:
Additional liability protection beyond your primary policies
Large claims that exceed standard coverage limits
Why It Matters:
For contractors handling large-scale projects, umbrella coverage provides an extra layer of security.
Final Thoughts
Insurance is not just a legal requirement—it’s a strategic investment in your business’s stability and profitability. Whether you’re a Design and Build Contractor, Metal Building General Contractor, or Steel Building Construction Specialist, having the right coverage ensures you can focus on growth without worrying about unexpected risks.
Contact us today.