Beehive Insurance

Utah's Construction Insurance Specialists

Beehive Insurance has deep expertise in the construction insurance space, working with all types of contractors on both insurance and surety bonding. They handle subcontractors, specialty contractors, suppliers, and general contractors in both residential and commercial sectors — including complex WRAP policies for Utah's larger residential and multi-family projects.

What separates Beehive from a generic insurance agency is their understanding of construction-specific risk. They know that a roofer's GL exposure is different from a plumber's, that builder's risk policies need to match the actual construction timeline, and that the certificate requirements GCs impose on their subs can be a minefield if your agent doesn't know the industry.

Why Contractors Choose Them

Getting bonded as a growing contractor can be challenging — especially if you're bidding on your first public project. Beehive works with multiple surety carriers to find the right fit for your company's financial profile and project pipeline. They don't just sell you a policy; they help you understand what sureties are evaluating and how to position your financials for the best bonding capacity.

They also handle the insurance requirements that GCs demand from their subs — GL, workers' comp, auto, and umbrella — in one place. Having one agent who understands all your coverage needs means fewer gaps, fewer compliance headaches, and better pricing through bundled programs.

WRAP Policies for Large Utah Projects

For developers and GCs running large multi-family or commercial projects in Utah, Beehive has specific expertise in WRAP programs — both Owner-Controlled Insurance Programs (OCIPs) and Contractor-Controlled Insurance Programs (CCIPs). These programs can save 1-3% of total project costs by consolidating insurance under one master policy instead of requiring every sub to carry their own separate coverage.

The ConstructionPerks Take

We think Beehive Insurance is best for: Utah contractors of any size who need surety bonding, builder's risk, or a comprehensive insurance package from a brokerage that understands construction risk.

One thing to think about is that bond capacity is tied to your financials. Beehive can advise on what surety companies want to see, which makes them a great partner alongside your construction CPA.

Another consideration is WRAP policies. If you're a developer or GC running large multi-family or commercial projects in Utah, Beehive's WRAP experience can save significant money over traditional insurance structures.

Frequently Asked Questions

What types of construction insurance does Beehive offer?

Beehive provides surety bonds (bid, performance, payment), builder's risk insurance, general liability, workers' compensation, commercial auto, equipment insurance, umbrella policies, and WRAP programs (OCIP/CCIP) for large projects. They cover the full range of contractor insurance needs.

How do I get a surety bond through Beehive Insurance?

Contact Beehive for a free bond consultation. They'll review your financial statements, assess your bonding capacity, and work with multiple surety carriers to find the best fit. If you're new to bonding, they can guide you through what surety companies look for in your financials.

What is a WRAP policy and does my project need one?

A WRAP policy (OCIP or CCIP) consolidates insurance for an entire project under one master policy, instead of requiring every subcontractor to carry their own separate coverage. WRAP programs are typically used on larger commercial or multi-family projects and can save 1-3% of total project costs. Beehive can assess whether your project is large enough to benefit.

Does Beehive Insurance serve contractors outside Salt Lake City?

Yes, Beehive serves contractors throughout the entire state of Utah. While their office is in Salt Lake City, they work with contractors on projects across the Wasatch Front and statewide.

How much does contractor insurance cost in Utah?

Costs vary significantly by trade, payroll, claims history, and coverage limits. A small plumbing sub might pay $3,000-5,000/year for GL and workers' comp, while a mid-size GC could pay $20,000-50,000+. Beehive provides free quotes so you can compare options across multiple carriers.