Looking for Construction Liability Insurance? We Can Help!
Why Is Insurance Important for Your Construction Business?
Construction is a risky business. Fire hazards, possibilities of physical injury, damaged material, faulty structures, equipment, and tools theft – so many things could go wrong. You need construction insurance to protect your business against these risks.
Whether your construction projects include commercial buildings, residential buildings, or both, we can connect you to the most comprehensive packages by insurance providers who specialize in providing construction insurance for Canadian contractors.
Insurance Coverage for Construction Contractors
Construction in Canada involves more risk than most other industries.
This basic insurance coverage protects you against general liability, property damage, personal injuries, theft and more.
Property Damage
Structural damage to existing property is a common scenario in construction projects. Even if the damage is discovered long after the project is completed, and even if the contractors may not be at fault, clients can still file a lawsuit which will likely require huge expenses in legal representation and settlement fees.
Third-Party Bodily Injury
The risk of a bystander being injured during a construction project is difficult to overlook. Undiscovered structural damage, or pipe leakage may result in injuries, and contractors who worked on the project may be held liable. Construction liability insurance may cover you in cases where a third party suffers bodily injuries due to your work.
Theft
Your job requires you to own important tools and equipment, and unfortunately, theft is a real problem. What if your tools are stolen while you’re working on a big project? Not only would you suffer from massive losses in property, but you may also be unable to complete your project.
Insurance Costs Depends on Many Factors
Number of Employees
The size of your team will affect your premium rate. In addition to the number of team members, insurance companies will factor in how many years of experience they have, as inexperienced subcontractors are exposed to greater risk.
Location
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.
Property Theft
Fire Damage
Whatever the circumstances are, being protected with a comprehensive construction insurance policy is the best option!
Why Get a Construction Liability 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 construction insurance quote is a breeze with us. Here are four reasons why:
Get A Construction Contractors Insurance Quote Today!
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It only takes a few minutes and is available 24/7.
Our Insurance Providers
We help contractors get business insurance from top Canadian providers through our partner, Zensurance.
