Throughout the coronavirus pandemic, the construction industry has had to pivot on a dime, dealing with everything from labour and supply shortages to an increased
Construction & Contractors Insurance
As a business in construction and contracting, you face a variety of risks from the moment you undertake a new project to completion. We’ll work with you to build a solution that can help keep your business protected and stay competitive.
Construction Projects Insurance
When a project involves many moving parts, problems can arise quickly. Our construction project insurance is a tailored package that addresses specific exposures within new construction projects, including residential, commercial, institutional, and infrastructure.
General Contractors Insurance
Overseeing complex projects with many moving parts? Our general contractors’ insurance policy covers the duration of your project, helping you over the bumps you may meet along the way.
We know that contracting risks come in different forms. Exposures can vary in size and complexity, and they can evolve as the project continues. We’ve built our general contractors’ insurance package with these facts in mind, and it will cater to your work, whether your operation is large or you run a small business.
Surety Bonding Solutions
Why do you need construction & contractors insurance?
As a business in this industry, your insurance needs vary depending on the type of projects you undertake. You may be exposed to risks such as fire, theft, crime, and equipment breakdown. A tailored, reliable coverage plan can help you stay competitive and protect your business.
Builder’s RiskAs a construction project unfolds, your risks evolve. This coverage can protect you in common incidents such as fire or theft that can damage the build and result in a loss.
Wrap Up LiabilityThis is a common type of coverage for large construction contracts that can support the different parties involved in the project, if a lawsuit is brought against them.
Contractors Error & OmissionsThis type of coverage can protect you in the event of a cost relating to an error, omission, or negligence that led to unsatisfactory results. For example, faulty wiring in an electrical system.
Contractors Equipment FloaterThis coverage can provide an extension that will pay to replace a piece of damaged equipment. For example, if your new excavator engine bay was damaged from a fire, even after you tried to extinguish the flames.
Installation FloaterIf a problem comes up before you can begin work, an installation floater extension can cover labour and materials involved in installation, including property temporarily stored at another location.
Non-Owned AutomobileIf an employee drives their own car to pick up tools for a job and is involved in an accident, this coverage can help cover the cost of damage or expenses resulting from an injury to another driver.
Why choose Northbridge Insurance?
What can you expect from your policy?
We know your business is busy – our team works hard to offer you a hassle-free experience, with attention to the details.
Our underwriting team understands the changing exposures of the construction sector, so we can adapt and expand our offerings as our customers’ needs grow.
We hope you never experience a loss, but if you do, you can count on our dedicated claims team to help get you back to business quickly. We’ll work together with your broker to get the claims process underway as soon as your claim is reported, and we’ll always keep you in the loop. If any questions or concerns should arise, don’t fret – we’re here for you 24 hours a day, 7 days a week.
We take your coverage a few steps further
Unparalleled industry expertise, professional guidance, and innovative approaches to managing risk help our Northbridge Risk Services experts stay one step ahead of the crowd. Each year, our team conducts over 5,000 risk assessments and service calls for businesses across Canada. Our onsite assessments are complemented by a selection of in-depth training programs and educational tools to help companies excel in their industries.
Our Risk Services team offers technical publications to help you gain a better understanding of the potential exposures in your industry, and they can provide personal guidance to help fine-tune your daily operations. Find out more about what our experts can do for your business here.
Resources for Construction & Contractors
As companies grow and projects develop, they can become tantalizing targets for thieves. That’s why construction site security is a major concern for business owners
Business owners face unique risks that could land them in legal trouble. With our industry expertise and a substantial network of top brokers, we can help protect your company with the right liability insurance.