Contractors, Construction and Trades Insurance
When you work in construction and trades, you want to protect yourself, your employees, your equipment, and your material. This can mean having any combination of liability, property; building and property onsite and offsite, stock, installation floater, employer’s liability coverage, builder’s risk coverage, and wrap-up to provide assurance should anything go awry on or off the job site.
Connect with a broker who understands how to work in steel-toe boots!
What type of businesses should talk to a broker about contractors insurance options? Contractors insurance can protect a wide variety of trades in the construction industry. Roofers, electricians, landscapers, window and door installers, HVAC technicians and painters and many more can benefit from having this kind of coverage in place. From independent general contractors to larger teams, connect with your local broker to find the insurance solutions available to suit your unique needs depending on the size of your team and scope of services provided.
Having dependable contractor insurance is important for skilled trades. Trust in us to get you covered, so you can do what you do best. Build your business.
CONSTRUCTION AND TRADES BUSINESSES WE WORK WITH:
- Trades and utilities (ex. plumbers, electricians, carpenters)
- Mechanical contractors
- Commercial and residential developers
- HVAC installers and service operations
- Renovation and general contractors
- Commercial real estate and property management companies
- Commercial and residential landscapers
- Snow removal operations
- Paving operations
- Excavation companies
FACTORS CONSIDERED IN CONSTRUCTION OPERATIONS PREMIUMS:
- Location of the business
- Size of the business
- Past claims record
- Annual gross revenues of the business
- Size of project/value of building upon completion
- Duration of project
- Types of operations on-site (ie. demolition, tunneling, drilling, snow removal, mining)
- Type of project (residential, commercial, or industrial)
- Is it private? Is it for government?
- Is it near an airport or rural?
- Does the work on-site include flammables (ie use of explosives for demolition, underpinning buildings)
- Crime rate in construction project location
- Is there structural work being done? Raising or moving structures?
- Experience of the crew/contractors
- Type/age/value/limit of equipment and tools being insured
- Security on site (gated site, night security, visibility from main road)
In our Construction Outlook panel we sat down with industry experts and thought leaders in Construction Law, Insurance and fellow experts in the field – in both Commercial and Residential – to discuss key trends and questions for the industry going into the new year.
DATE: October 26, 2021 | TIME: 3:00-4:00 PM (EST)
Darryl Pochailo | Terlin Construction LTD
Derrick Roberts | Aviva Canada
Geoffrey Cullwick | Brazeau Seller Law
Moderated by our President, Matthew Carr, CIP
Contractors, Construction and Trades Insurance Solutions
I need insurance for my construction business, can you help me?
Similar to how you quote on the scope of a project, we quote on the scope of your business. What kind of insurance you need would depend on answers to questions like:
- What type of work do you do?
- What tools and equipment do you use?
- How many company vehicles?
- Do you have an office and staff?
Can I get my winter snow operations covered?
Snow coverage in Ontario has been increasingly difficult. With the right broker in your corner, armed with the right information and industry relationships, we can work together on getting you the best possible coverage for your business.
What does Commercial General Liability cover?
Commercial General Liability (CGL) the most used portions of this coverage are for third-party bodily injury and property damage. Think slip and falls for example.
Do you do surety/bonds?
We sure do!
We have a wide range of surety companies we work with based on your specific needs. We understand some requests for bonds have quick timelines, especially for bids. Understand that setting up a bonding facility takes time, it’s best to start that process well before you are submitting a bid.
Learn more about our surety options here.
How many vehicles do I have to have to qualify for fleet insurance?
Once you have five or more vehicles that drive, on the roads, you can qualify for commercial fleet insurance. With a fleet policy in place, there can be considerable cost savings on premiums.
Learn more about Commercial Fleet Insurance solutions.
What is the claims process for business insurance?
Connect with your local broker. We are here in the event of an emergency, 24/7. We will take down the pertinent information and assist in getting the claims process started.
As your broker, we are on your team. If you have any questions along the way, we are here to advocate on your behalf throughout the claims process.