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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!  

Why do you 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.

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isure Contractor’s Insurance

Customers Expect You to have Insurance

Customers are aware of the risks that contractors assume when they perform daily work. The last thing any customer needs is for a minor plumbing job to turn into a flooded basement, especially when the plumber they have hired is uninsured. Canadians are smart, and know far better than to hire an uninsured contractor. You look far more professional as an organization when you come to the table fully insured, leaving no room for error. You show potential customers that you have a level of care and professionalism that will be passed down through your workmanship.

For Your Own Protection

As the contractor on-site, you are responsible for the safety of those in, on and around your worksite. In the case of a workplace or work site accident, a lawsuit may be filed against you for liability. In the event that you leave a tool out and the customer falls and gets hurts, they could isue you for damages. These lawsuits can get expensive without insurance, and may potentially bankrupt your business. Not to mention, it would be difficult for you to assume other jobs after the matter.

What 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:

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Electrical
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Plumbing
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Mold Restoration
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Landscape
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Snow removal
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Roofing
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Security
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And more!
Click on the following for specific insurance recommendations. To receive a quote or learn more about contractor insurance, call isure today! Our experts will be able to craft a custom policy that protects you entirely from risks associated with your line of work.

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