Do you own a renovation company or are you an independent renovation contractor who works on commercial or residential properties? Then renovation contractor insurance might be for you. This type of insurance can protect your livelihood, no matter what happens on the job.
As one of the leading insurance brokerages in Canada, ALIGNED can help you find a renovation contractor insurance policy that suits your needs. From start to finish, one of our insurance advocates will be by your side, comparing quotes on your behalf and walking you through your policy.
What is renovation contractor insurance?
Renovation contractor insurance was designed with renovation contractors and companies in mind. When you purchase this type of insurance, you will be protected against specific risks. The risks covered vary depending on the policy you choose. However, they may relate to third party bodily injury, property damage, vandalism, theft, or weather-related incidents. Whether a mistake occurs on the job or a work-related accident results in third party injury, renovation contractor insurance can help protect you from the cost of lawsuits, medical expenses, and more. Ultimately, without a comprehensive renovation contractor insurance policy, you or your business would be left to pay the cost of these damages out of pocket. Safeguard your livelihood by investing in renovation contractor insurance today.
What does renovation contractor insurance cover?
Renovation contractor insurance coverage varies depending on the policy you choose. For example, if you purchase a comprehensive renovation contractor policy, it may feature the following:
- Commercial general liability insurance
- Contractors Pollution liability insurance (includes liability coverage for mould, asbestos etc.)
- Commercial property insurance
- Tools and equipment insurance
- Commercial auto insurance
How much does renovation contractor insurance cost?
Renovation contractor insurance varies in price depending on several factors like your location, years of experience, the number of employees or subcontractors you employ, your annual revenue, and the tools and equipment you own. Additionally, the coverage types and limits you buy, as well as the deductible you choose, will affect the final price of your policy.