Contractor Insurance Toronto
In Toronto, contractors across industries, especially construction, are exposed to risk of all times on every project. Therefore, it becomes essential to lower the contractor’s operations’ risks to minimize losses from occurring. While one can hope for no such losses to occur, contractors must be prepared for accidents that may occur on the job. This risk is amplified even more in the construction industry.
Who needs Contractor Insurance?
All Contractors, including those in the below-mentioned roles in Toronto are advised to get coverage to minimize risks associated with their jobs.
- Electrical Insurance
- General Construction Insurance
- Contractor Insurance
- Plumber Insurance
- Commercial Insurance
This is only a general overview of contractor insurance available in Toronto. If you specialize in other professions such as landscaping or snow removal, please contact us for more details. Independently-owned business owners offering contractor services can also contact us for a customized contractor package that fit their needs.
As a business owner offering electrical services to clients, you need to ensure that your electricians have the necessary insurance in place. Considering that liability extends to situations even after your contracting service ends, there is always the possibility of injury resulting from faulty wiring or other cases.
Consider the following examples:
- Improper wiring
- Failure to install GFCI circuits
- Failure to install electrical equipment properly
- Commercial property damage
Such cases can lead to lawsuits filed and significant monetary fines levied. Therefore, it becomes essential for businesses to safeguard themselves from going out of business due to fines or lawsuits. Electrical insurance covers things like legal claims on property damage and injuries, among other issues.
Contractors, carpenters, re-modelers, home builders and other contractors need to lower the risk associated with their professions.
Leibel Insurance offers customized contractor insurance packages for varying professions in the construction industry. The coverage aims to reduce financial risks due to job site injuries, damaged equipment or auto accidents.
Risks faced by contractors in Toronto include but not limited to:
- Property damage
- Liability claims
- Lost income
Similar to the Construction industry, the Plumbing industry is associated with certain liabilities and risks. Even with excellent craftsmanship and service, things can go wrong during or after completing the project. Leibel Insurance offers packages to suit your Plumbing business in Toronto that caters to your needs.
General Contractor’s Liability Plumbing insurance offers coverage for the following:
- Master Plumbers
- Plumbing Business Owners
- Resident Plumbing Contractors
- Pipe Fitters and among others
At Leibel Insurance, we offer a plethora of commercial lines insurance products to fit your business’s needs.
Diverse Commercial Insurance
Along with standard commercial insurance policies such as automobile, property and liability, Leibel Insurance also specializes in niche industries such as Rail, Aviation, Health, Fitness and more.
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