As a contractor in Ontario, you understand that it pays to expect the unexpected. Incidents like accidents, property damage, or theft involving your projects are often completely unpreventable. While you may not be able to prevent these problems, smart contractors know that with an adequate insurance policy, they can cover, and recover, from virtually any unfortunate event, no matter who’s at fault. This includes significant liability exposures that all contractors face. Our broker team at Roughley Insurance Brokers, a leading insurance company serving contractors across Ontario, is here to provide excellent service and tailored insurance solutions for your business needs. We provide essential insurance Ontario contractors rely on.
At Roughley Insurance Brokers, we offer specialized contractor insurance packages that provide fundamental coverage in one, easy-to-manage policy, saving contractors time and money. Our company aims to deliver the best insurance solutions for contractors throughout Ontario, including general contractors, electricians, plumbers, and other trades. Our dedicated insurance brokers will guide you through the entire process, ensuring you understand your liability and protection. Getting the right contractors insurance is a critical step for your business.
Whats covered in the Ontario Construction and Contractors insurance package?
Our contractor insurance package protects against common risks in the trades and construction industry such as property damage, equipment breakdown, or customer injury at the job site during a project. Additionally, this comprehensive insurance package can help contractors pay expenses when they can’t work, or their business is shut down due to events beyond their control (like a covered claim). Understanding your policy coverage is key.
Our general contractor insurance packages for Ontario businesses typically include:
- Property insurance: Protection for your business premises/location, tools, and equipment used on projects.
- Equipment insurance: Comprehensive coverage for the repair or replacement of tools and machinery essential to your contractor business. Protects your valuable equipment.
- Equipment breakdown insurance: Protecting contractors when your equipment is damaged by a power surge, mechanical breakdown, burnout, or operator error during a project.
- Liability insurance: Crucial coverage for bodily injury and property damage liability. This applies to situations when your employees, your products (e.g., faulty installation), or your services have caused harm or damage to a third party or their property. Addresses core contractor liability risks.
- Business income coverage: Financial protection for losses incurred when contractors must stop work due to a covered claim.
Enhanced Contractor Insurance Options for Higher Risk Projects
There are some instances when contractors may want or need more insurance coverage than is offered in the basic Contractor’s Insurance Package. Construction businesses face unique risks that require specialized policy options. In those situations, your contractor insurance package can be enhanced with a variety of industry-specific options that give you even greater coverage, depending on your individual situation and business risk profile. It’s also important to consider your privacy policy as a contractor.
These additional contractors insurance coverages may include, but are not limited to:
- Contractor’s equipment coverage
- Equipment leased or rented from others coverage
- Property in transit coverage
- Commercial property insurance for your business location
- Contractor liability insurance with higher limits for specialized projects
- Surety bonds for construction projects requiring additional guarantees
Insurance Benefits for Association Members
Are you a member of a construction association?
Getting the insurance coverage you need has never been easier, and members of the Durham Region Home Builder’s Association are eligible for additional group discounts on their contractor insurance. Many independent contractors find significant savings through these association partnerships. Contact Shane Terry, your DRHBA representative at Roughley, to learn more about contractor insurance rates for association members.
Get a Quote
We’ll find you the right coverage.
Roughley commercial clients may qualify for special discounts on your home & auto.
Connect in Oshawa
- 1000 Simcoe Street North Oshawa, Ontario L1G 4W4
- 905.576.7770
- insure@roughleyinsurance.com
Contact in Bowmanville
- 31 King Street West Bowmanville, Ontario L1C 1R2
- 905.697.4257
- insurebowmanville@roughleyinsurance.com
