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Renovation Contractor Liability Insurance

Renovation Contractor Liability Insurance
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As a renovation contractor, you know that the renovation process can be lengthy, complex, and costly. While the finished product is always rewarding, damages and losses can occur at any time to your employees, third-party property, or your own property and equipment. Whether you are an independent contractor or have employees, our renovation contractor liability insurance can protect your business from possible liability and litigation actions.

Why is Renovation Contractor Liability Insurance Important?

Renovation Contractor Liability Insurance
Looking for Renovation Contractor Liability Insurance in Canada? Contact us HERE to get an online quote now!

With remodeling and construction of home installations such as demolitions, painting, flooring, structures, wiring, plumbing, and more, losses and legal liability can occur very quickly. A few examples of renovation risks include:

  • Roofing, walls, or other home structures that collapse.
  • Unknown site conditions such as asbestos or broken pipes.
  • Damage or theft to equipment and tools.
  • Workplace injuries caused by working from heights, operating dangerous equipment, or carrying heavy materials.
  • Property damages caused by equipment or natural disasters.

What Does Renovation Contractor Liability Insurance Cover?

Our renovation contractor liability insurance coverage plans are customizable according to your risk management concerns, operational needs, budget, and client requirements.

Common renovation contractor liability insurance coverage includes:

Commercial General Liability Insurance (CGL) – A CGL policy covers your renovation operations for lawsuits and liability for medical expenses, property damages, and bodily injury liability to third parties.

Pollution Liability Insurance – Covers cleanup and litigation costs from hazardous materials that spill and cause bodily harm or damage to property or the surrounding area.

Course of Construction Insurance – Provides property coverage for the home/building while renovations and repairs are being done as  most residential & commercial property policies exclude or void coverage during the course of a material renovation because property under construction is considered high risk and a material change.

Business Interruption Insurance – If your business location is forced to close because of a natural disaster like a fire or flood, you might incur damages and income losses while you rebuild. Most insurance policies cover employee wages, profit, rent or lease payments, moving, and more.

Property Insurance – Reduces your risk exposure by protecting your supplies, equipment, tools, materials, and more from losses caused by theft or environmental damages.

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Build a Sturdy Renovation Contractor Liability Insurance Package, so You Don’t Have to Remodel Your Business

At ALIGNED, we work with Canada’s top insurance companies to provide custom insurance packages for your renovation needs at affordable prices. Contact an ALIGNED commercial insurance specialist for a free quote, or get started using our free online tool today!

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