Being a contractor, you have your hands into a lot of different pies. Whether it is new construction, demolition, renovation, trenching, landscaping, or building roads, homes, commercial shops or apartment buildings. You need to know a lot of information about building codes, fire codes, and there is always OHS breathing down your neck. (Which is important for safety, so don’t take that comment in vane).

The last thing you want is to have something go wrong on a job-site and find out you don’t have any insurance coverage. This could be theft of tools, negligence on the job site and damaging someone else’s property or having the building you are constructing burn down. This is why it is important to carry a contractor’s insurance policy. We have easy, simply designed insurance products to make sure you are properly covered for your contracting business. SGI Canada has the toolbox floater for those who are operating out of their trucks and trailers.

This toolbox floater covers the following:

• Tools and supplies whether on the job site or in the shop.
• Replacement Cost coverage on your tools
• Up to $2 million liability in protection in case you are sued for property damage or personal injury due to your negligence.
• Get a quote here!

If you have a more complicated business which has a shop location, a few crew-chiefs and a number of employees. You may want to increase your package to a Commercial Contractor’s Policy. We have many insurance companies that have great contractor’s policies. We have a great “Contractor’s Choice” policy. You can read about the options here. There are 3 levels of coverage depending on the type of contractor and the value in coverage the contractor requires. On top of the basic coverages for your: shop insurance, tools, equipment and business interruption insurance; the top tier package – “Contractor’s Choice Plus” – includes additional coverages such as:

• Bonding
• Business Contents
• Business Income
• Extra Expense Coverage
• Rip & Tear Coverage (For Concrete, etc.)
• Signs
• Contract penalty coverage
• Crane Liability
• Loss of use for machinery and equipment
• Property off premises and in-transit
• Etc, Etc, Etc.

Contractors may also be responsible for insuring the building they are constructing. We can offer builders risk insurance policies to insure the dwelling under construction or commercial building and make sure it is properly insured during the course of construction. This policy also covers on-site liability and we can add contents coverage as well to insure appliances and other contents are insured during construction. Please contact us to find out more about builders risk coverage.

Construction is complicated and there are many things going on every day. You may not have time to make sure you have all the necessary coverage. We can help you with that. Please reach out and we will take care of this so it is convenient for you and you can focus on what matters to your business.