Texas “liability insurance” for unimproved land undergoing clearing and grading for taxiways…
While a home policy typically covers liability for raw land, once the clearing and grading start, it falls under construction activities. Who offers “liability insurance” in this scenario for the landowner? The general contractor has a $1 million umbrella policy.
Texas “liability insurance” for unimproved land being cleared and graded for taxi ways…
In Texas, when clearing and grading unimproved land begins, you indeed enter the realm of construction activities, which typically means that a standard home policy may no longer fully cover you. For liability insurance in this instance, landowners can look into several options:
Builder’s Risk Insurance: Although often associated with insuring structures under construction, some policies can be tailored to cover liabilities associated with land being cleared and graded.
General Liability Insurance: This can be obtained either through a broker specializing in general contractors or directly from insurers who offer policies for contractors. Make sure to clarify that you need coverage for the grading and clearing activities.
Commercial General Liability (CGL) Insurance: This is designed to cover liability arising from business activities, which may include land development. It’s worth discussing with your insurance agent to tailor a policy to fit your needs.
Contractor’s Liability Insurance: If you’re working with a general contractor (GC) who has an umbrella policy in place, you might also look into whether they can add you as an additional insured on their policy, which could provide some level of coverage for your liabilities.
It’s essential to consult with an insurance agent who specializes in construction and land development to ensure you get the right coverage for your specific situation. They can help you navigate the nuances and determine the best policy options for your needs.