Insurance For Restoration, Renovation, Remediation And Demolition Contractors
Insurance for restoration, renovation, remediation and demolition contractors needs to be specialized to meet the unique and specific needs of each contractor. ALIGNED Insurance brokers offer unique insurance for restoration, renovation, remediation and demolition contractors from Canada’s top insurance companies including Including Intact, RSA, Economical, Travelers, CHES & Aviva.
Our unique insurance for restoration, renovation, remediation and demolition contractors provides coverage that others may miss or provide at inadequate levels due to the experience and expertise our insurance brokers have ins providing Insurance for restoration, renovation, remediation and demolition contractors across Canada. We design and build our insurance for restoration, renovation, remediation and demolition contractors on a client-by-client basis to ensure you have exactly what you need.
Highlights Of Our Insurance For Restoration, Renovation, Remediation and Artisan Contractors
- Faulty workmanship, materials and design extensions are available
- Tool floaters on a replacement cost basis
- Contractor equipment rental reimbursement
- Loss of earnings or profit
Our Insurance Brokers Provide Specialized Insurance Products For Restoration, Renovation, Remediation And Demolition Contractors Including
- Concrete Work Contractor Insurance
- Restoration Contractor Insurance
- Masonry & Concrete Forming Contractor Insurance
- General Contractor Insurance
- Underpinning Insurance
- Masonry Contractor Insurance
- Steel Platform Balcony Contractor Insurance
- Water Proofing Contractor Insurance
- Excavation Contractor Insurance
- Rehabilitation and restoration contractor insurance
- Roofing Contractors Insurance, Including Hot Tar Roofing Insurance
- Landscaping Contractor Insurance
- Snow Removal Contractor Insurance
- Plumbing Contractor Insurance
- Electrical Contractor Insurance
- Environmental Contractor Insurance
- Asbestos Contractor Insurance
What Insurances Do Building Contractors Need?
As a building contractor, you plan, lead, and execute building construction projects for residential and commercial buildings. You have a legal duty to the public and your stakeholders to provide professional and responsible service. General liability insurance is essential for any business that provides products or services interacts with clients, suppliers, and other stakeholders. It protects building contractors from third-party liability claims arising from property damage and bodily injuries during operations and services.
Commercial auto insurance or fleet insurance protects your business from high repair costs, medical expenses, and lawsuits arising from accidents on the road. It can cover cement mixers, trucks, dump trucks, and pickup trucks. Inland marine insurance is important for building contractors for their equipment and tools and mobile equipment. These include excavators, electric saws, forklifts, and computers.
Do Contractors Carry Builder’s Risk Insurance?
Builders risk insurance is also known as construction insurance. Building contractors should carry builder’s risk insurance to cover any damage to their equipment while the construction project is still ongoing. Builder’s risk insurance also covers other expenses, sometimes unrelated to the construction, if the property damage causes a delay. Depending on the construction project, there could be multiple parties involved that require builder’s risk insurance. If the property owner enters a construction agreement with a contractor, the contractor is responsible for organizing and carrying adequate builders risk insurance.
What is Contractor’s Liability Insurance?
Contractor’s liability insurance protects contractors against third-party claims, lawsuits, and other damage arising from operational risks. Some risks include fires, theft, floods, third-party property damage, third-party bodily injuries, and business interruption. It protects building contractors and the third parties they hire, such as architects, designers, and engineers. These people have coverage in case of errors, omissions, negligence, misconducts, and other mistakes made on the job. They are also protected against other losses incurred during a building project.
What is Contractor Insurance For?
Contractor insurance covers general or specialized contractor workers against the financial loss associated with unexpected events that occur during operations. As a client, they expect contractors to provide professional and thorough work and meet all deadlines. There are risks involved that could lead to lawsuits and other claims. Contractor insurance protects business assets and employees. It covers medical fees, repairs, legal defence fees, and settlement awards arising from the lawsuits and claims.
|ALIGNED Across Canada 100% Canadian-owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.