As a contractor in Ontario, you know that it pays to expect the unexpected. Incidents like accidents, property damage, or theft are often completely unpreventable. While you may not be able to prevent these problems, the smart contractor knows that with an adequate insurance policy they can cover, and recover, from virtually any unfortunate event, no matter who’s at fault. Our broker team at Roughley Insurance Brokers is here to provide excellent service and tailored insurance solutions for your business needs.
At Roughley Insurance Brokers, we offer specialized contractor insurance packages that provide fundamental coverages in one, easy-to-manage policy that saves you time and keeps more money in your pocket. Our company aims to deliver the best insurance solutions for contractors throughout Ontario, and our dedicated insurance brokers will guide you through the entire process.
Whats covered in the Ontario Construction and Contractors insurance package?
Our contractor insurance package protects against common risks in the construction industry such as property damage, equipment breakdown, or customer injury at the job site. Additionally, this comprehensive insurance package can help you pay your expenses when you can’t work, or your business is shut down due to events beyond your control.
Our general contractor insurance packages for Ontario businesses include:
- Property insurance: Protection for your building, tools, and equipment used in construction projects.
- Equipment insurance: Comprehensive coverage for the repair or replacement of tools and machinery essential to your contractor business.
- 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: Coverage for bodily injury and property damage liability for situations when your employees, your products, or your services have caused harm or damage to a third party or their property.
- Business income coverage: Financial protection for losses incurred when you 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
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
