Contractors risks
Contractors risks

Whitepaper on risks facing contractors

TORONTO, June 24, 2021 – Northbridge Insurance today released a whitepaper that highlights the top risks facing contractors and ways to mitigate them.

Risks, exposures, and liabilities for contractors have changed over the years, and without the appropriate precautions and coverage, one could be left unprotected if something does go wrong. In particular, the COVID-19 pandemic and the rise of new technology has presented new challenges for the industry.

“What we’re seeing on the insurance side is that smaller contractors are now finding themselves responsible for the work that they do on a project and the general contractor or general construction company is passing down the insurance requirements to the contractor or subcontractor,” says Fred Muldowney-Brooks, Vice President of Risk Services at Northbridge Insurance.

Meanwhile, changes have been introduced by the Canadian Construction Documents Committee (CCDC), requiring contractors to increase their general liability insurance from $5 million to $10 million to cover higher hazard liability risks (such as plumbers faulty workmanship on piping systems, resulting in water damage).

“This is something that five or 10 years ago the construction company would have picked up as part of their construction policy or builder’s risk policy, but that’s all being fed down now,” says Muldowney-Brooks.

That’s why it’s an especially important time for contractors to educate themselves on the risks they may face and the best ways to protect themselves and their businesses.

Download our whitepaper on risks contractors may face.

About Northbridge Insurance

Northbridge Insurance is a leading Canadian commercial insurer. Working with our broker partners, we aim to help businesses of all sizes. We use our in-depth industry expertise to help medium and large businesses operate more safely, so they can worry less and focus on opportunities. We also work to provide small businesses with insurance protection that’s responsive, simple, and flexible. Visit us at to learn more.

For further information, please contact:
Emily McCauley
Manager, Content and Communications
Northbridge Insurance
[email protected]

This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy or completeness of the information and will not be responsible for any loss arising out of reliance on the information.

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