Protect your business with Contractors Insurance
Plain and simple, Contractors’ insurance will allow you to protect your business. The construction industry is vast and employs hundreds of thousands of people in every province. Business owners need protection when hiring contractors, and our team will ensure you have the right coverage based on your risks and specific needs. We will gladly provide you with more details and the best rates.
General contractors, property owners, and subcontractors who complete their projects will need Contractors’ insurance as an added layer of protection. Other types of contractors include HVAC technicians, landscapers, professional painters, and roofers. Most clients will also look to ensure that you have insurance as a prerequisite before signing a contract with you. We can provide you with every piece of information you need to help you make informed decisions regarding your business and the insurance it requires.
Contractors’ insurance will protect you against financial losses, such as property damage or bodily injury, that may occur due to accidental disasters. This type of insurance is necessary if you are a contractor, as this is the only way you will be able to work. No matter the size or industry, talking to one of our isure brokers will provide you with peace of mind because with isure, you will always be well-cared for.
Finding the right type of Contractor insurance is particularly important, as this will help with any potential legal issues or financial disasters. If you require commercial Contractors’ or construction insurance, contact isure today!
Contractors Insurance
Customers Expect You to have Insurance
For Your Own Protection
Why do Contractors need insurance?
You may have never had a problem before, so why should you worry about being insured now? You never know what’s going to happen because the future is not something that you can predict. Regardless of your track record, the likelihood of a misstep or a malfunction remains. Because of the nature of accidents, you cannot anticipate when they will happen. You can, however, prepare for the worst when you have insurance. With general liability insurance, any on-site accidents may be covered, instead of being faced with a multimillion dollar lawsuit and legal fees. Let your insurance take care of things so that you can focus on your job.
What types of contractors need insurance?
Contractors can be just about anyone in the service industry. They serve to fulfill job duties outlined in a contract between their business and their clients. The specific roles of a contractor can be any of the following:
Carpenter Insurance
Carpenters do a wide variety of things when it comes to building foundations and creating wood structures. Carpenters may work on residential, commercial or industrial job sites with a variety of different projects. Each job site poses its own physical risks to carpenters, though there are non-physical risks that must also be accounted for as well. Lawsuits are a huge risk and cannot always be prevented; that’s where your insurance comes in.
isure offers carpenters comprehensive coverage including general liability, equipment, and mobile property insurance.
Electrician Insurance
As an electrician, keeping yourself, your workers and your clients safe while working is top priority. Safely and securely protect all three parties with different types of insurance policies. Minimum insurance is required for any kind of contractor in Ontario, but make sure that your insurance policy covers you in more ways than just the bare minimum.
isure provides electricians with tailored coverage including general liability, product liability, and commercial auto insurance.
HVAC Contractor Insurance
HVAC technicians are responsible for installing, maintaining and repairing heating, ventilation and air conditioning systems. The work they do is essential throughout the year during any month. But in order to practice, you need to have commercial general liability insurance that covers at least $2,000,000 in damages, but we recommend you consider higher limits.
Excavation Contractor Insurance
Excavation and demolition services are an integral part of job site clearing and building construction. Each excavation job requires ground digging and levelling., and no two projects are the same. Some require explosives to break up the ground and concrete, others are much more straightforward. The amount of work that needs to be done at each site can be very unpredictable, and so can the risks associated with this work. In some cases, risks that are unaccounted for can destroy your business, so you must protect your company and job sites with some (or all) of the insurance types
Drywall Contractor Insurance
Drywalling is a very important part of any home renovation or building project; it provides walls and ceilings to take shape and maintain a solid structure. Drywalling tends to be a fairly routine job, however, routine can easily be thrown off by unexpected lawsuits and fees. For those unpredictable issues, there’s always an insurance solution. There are different types of insurance designed to protect you from different unexpected costs.
isure offers commercial general liability insurance, commercial auto insurance, equipment insurance, and mobile property insurance for drywall contractors.
Concrete Contractor Insurance
Concrete workers pour concrete for commercial, residential and city projects. Working with such diverse clientele means a few different considerations need to be taken when it comes to insurance. Regardless of how much attention is given to preventing problems, accidents can still happen. Different types of insurance are purchased to protect the business in the event that a lawsuit is filed following an accident.
isure offers commercial general liability insurance, commercial auto insurance, and surety bonds for concrete contractors.
Restoration & Remediation Contractor Insurance
Mold in walls, floors or ceilings has the potential to be completely volatile and cause damage to a building’s structure. Not to mention if it’s left unrestored, mold can be a major health concern. Mold is typically a result of past water damage and prolonged exposure to extra moisture. As someone who restores molded structures, your risks do include mold exposure, though it doesn’t end there. To cover unexpected risks and subsequent lawsuits, you need the proper insurance coverage.
isure offers commercial general liability insurance, commercial auto insurance, and equipment insurnace for mold restoration contractors.
Landscaping Insurance (Seasonal) Insurance
Snow removal services in Ontario are absolutely necessary as there are many Ontarians that are unable to perform these service for themselves. However, by performing any service for a customer, there are precautions that should be taken to ensure your business stays safe and successful.
isure offers commercial general liability insurance, and commercial auto insurance for seasonal landscaping contractors.
Roofing Contractor Insurance
Working on roofs all day, travelling from site to site, opens the opportunity to many different risks for both you and our customers. Keep everyone you interact with safe by investing in proper roofer’s insurance policies.
Plumbing Insurance
Plumbers face unique risks every day, from accidental water damage to expensive equipment breakdowns and job site injuries. That’s why having the right plumbers insurance is essential to protect your business, tools, and reputation. At isure, we make it easy to find tailored coverage options — including liability insurance, equipment insurance, and commercial auto insurance — all designed to keep your plumbing business running smoothly. Let isure help you compare quotes and get the protection you need at the best value.
FAQs
about Contractor Insurance
Do contractors need insurance in Ontario?
Some level of insurance coverage is required and you must register with the Workplace Safety and Insurance Board.
How much does Contractor insurance cost?
How much your policy costs depends on how much coverage you need, where you work, the size of your business, your specific vulnerabilities, and more. To get an accurate estimate, contact our isure experts today!
What trades require Contractor insurance?
Anyone who completes jobs on a contract basis requires Contractor insurance. The field stretches far when it comes to the specific industries:
- General contractors
- Landscapers
- Renovation companies
- Builders
- Windows and doors
- Electricians
- Roofers
- Painters
- Plumbers
- Demo companies
- Drywall
- HVAC
What are the benefits of Contractor insurance?
Legal protection is the main benefit of Contractor insurance, however, there are also many more! Some clients may request to see proof of insurance, which can drum up more business. It also builds trust between you and your various customers.
Who is covered by Contractor insurance?
Take a closer look at your policy to see exactly who is covered. If you work with subcontractors, ensure that they are either on your policy or have coverage of their own. If you aren’t sure who is covered by your policy, contact us today to discuss.
What is Contractor Equipment Floater insurance?
Add floater insurance to your existing policy in order to cover equipment damage costs from accidents that take place while equipment is being transported.
How much coverage should a contractor have?
The amount of insurance coverage you need depends on a lot of business specifics, such as:
- Type of work
- Company size
- What projects you work on i.e. residential contractors need less than commercial contractors
