Builders’ Risk Insurance

We offer the best builders’ risk liability insurance coverage for contractors across Canada

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Why Is Builders’ Risk Insurance Important?

Construction is a risky business. A builders’ risk insurance policy protects construction projects against claims arising during construction, as well as for all associated property loss or damage.

Get Protected with Builders’ Risk Insurance Coverages

Contractors are exposed to numerous risks because of the nature of their work. Builders’ risk insurance provides much-needed protection.

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Insurance Coverage for Builders

Risks such as fire, wind, theft, and vandalism are covered under a builder’s risk policy, but perils such as earthquake, flood and hurricane damage may not be covered unless specified under policy. Check with your broker if you need insurance against such risks.

insurance for builders in canada

Insurance Costs Depends on Many Factors

Number of Employees

Inexperienced construction workers are more likely to make errors. The number of employees you have and the years of experience they have may affect your insurance premium. 

Location

Fluctuating temperatures and weather conditions vary from coast to coast. If you’re in BC, Alberta, Ontario, or Nova Scotia weather risks are different and so are your policy costs. 

Other Factors

Working on residential buildings versus commercial buildings, number of stories in the buildings you work on, whether you do structural work on load-bearing walls or not – these are all factors that may affect your premium.

builders need insurance to protect against common risks

Fire Damage

While working on a condo renovation project, two of your employees try to weld a connection when one of them accidentally sets fire to the insulation in the wall. It takes some time to put out the fire, and unfortunately, there is smoke damage in several rooms.

fire hazard protection for builders risk insurance

Whatever the circumstances are, being protected with a comprehensive builders’ risk insurance policy is the best option!

Why Get an Insurance Quote From Us?

Forget about finding a local broker, booking an appointment, and waiting for up to a month before receiving a quote. Getting a builders’ risk insurance quote is a breeze with us. Here are four reasons why:

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