Construction Insurance

[Emin T.]

Hi

My company funds a construction. It owns the house with no mortgage on it. A project manager will find general contractor, get permits and handle the all aspects of the project. 

Do I have to get insurance for my company also or all the accidents, burglary etc are covered by general contractor's insurance?

What can go wrong?

There is a clause in the contract between my company and project manager that holds harmless my company.

Thank you