Contracting businesses come in all shapes and sizes, from large general contractors with hundreds of employees, to individual plumbers, electricians and bricklayers working from a home-based office. They all need insurance, and some need special coverage that doesn’t apply to other businesses. Learn more about insurance for contracting businesses, large and small.
Contractor insurance in Ontario varies broadly both in terms of coverage and premiums. Unlike auto insurance, the specifics of contractor insurance are not dictated by regulation.
Your floor installation business is in high demand. Homeowners know that nothing spruces up an older home or condo unit quite like a beautiful new hardwood or laminate floor. But there are also risks involved in installing flooring, and you need to be aware of what they are so that you can properly train your staff, keep your customers happy and keep your business insurance premiums under control.
Your painting business faces very different risks when compared to other contractors. Because you’re not cutting, nailing or screwing into walls and floors, the chances of accidentally doing damage to the property you’re working on is much lower.
Landscaping is a little different than most other contracting businesses. If you’re a roofer, plumber or drywaller, you’re working directly on a house or commercial building, so there’s a lot of opportunity for property damage claims.
Insurance companies set premiums based on how much they are likely to spend to pay claims. It stands to reason, then, that the best way to control premiums for your roofing business is to avoid claims if possible, and to limit the cost of any claims that you do make. Read more
If you run your own plumbing business, you’re probably well aware of the hazards you and your employees face while on the job that could lead to an insurance claim. If you’re just starting out, there are some risks that will be obvious, and others not so much.
Electricians in Ontario are highly regulated, rigorously trained and held to the highest safety standards of any tradesperson in the province.
For this reason, Read more
For $1,000,0000 of general liability coverage, including basic tools and equipment coverage, contractors insurance premiums can start as low as $67 / month. Read more
The onset of winter generally signals a boon for Ontario’s 7,000 or so licensed plumbers as winter takes its toll on building and house piping and fixtures. On the surface, plumbing seems to be a relatively safe livelihood, however, a closer look at the potential physical and financial risks plumbers face paints a different picture. Read more