Toronto Contractors Insurance

Name: Leibel Insurance
Brand: Leibel Insurance
SKU: Leibel Insurance
Availability: InStock
Rating: 5 (855 reviews)

Receive the Coverage You Require for Your Contractor Business. Save up to 35% on your contractor insurance with Leibel Insurance.

Same day insurance certificates available
Environmental insurance protection options
Free commercial insurance policy assessment
Hail and fire per occurrence deductible for equipment, tools, and vehicles

Call (866) 484-8880 now to speak directly with an Insurance Specialist about Toronto Contractors Insurance or complete a no-pressure no-obligation quote request form.

Why Contractor Insurance?

Contractors in all industries face the very real risk of exposure to loss, as the construction industry is among the most dangerous fields of service. There is an ongoing need to minimize the risks associated with the operations being performed by a Contractor in order to minimize the chances of a loss occurring. Although we all hope and believe that a loss will not occur on our watches, accidents can and do, happen. In the construction industry especially, this reality is all too real.

Wondering Who Needs Contractors Insurance?

If you are a Contractor in any of the following industries, chances are that you have a risk to which you are exposed:

General Construction
Electrical
Plumbing
Cleaning and Janitorial Services
Carpentry
Painting
Landscaping/Snow Plowing Services
Welding

If you are an Alberta Contractor who falls into a more specialized area, note that the list of contractors requiring insurance is not limited to the above examples. If you are running an independently owned business and are performing a service for a client, consider looking at a policy that is tailored to the type of service you are providing. In doing so, your business will be protected in the event of a risk exposure.

Client Insurance Requirements

Choosing to purchase an Alberta Contractors Insurance product for your operations is not only a benefit to you and your employees, it can also be a requirement for many of your clients. At times, Contractors may enter into an agreement with a client for a specific project, where the client is requesting proof of General Liability insurance. In some cases, the client may also request to be listed as an Additional Insured to the policy. Being able to provide your client with proof of insurance may be the deciding factor in you being successful at securing the project. It also shows your client that you are pro-active in protecting yourself from the many risks you may be exposed to on the job.

What does Contractors Insurance Cover?

Contractors Insurance offers comprehensive protection for contractors in all industries, encompassing a variety of essential coverages tailored to the unique risks contractors face.

Coverages include:

Commercial General Liability Insurance

Contractors’ Insurance can include commercial general liability insurance (CGL Insurance for short), which is essential for protecting your business from expenses related to third-party bodily injury, property damage, or reputational harm while working on a project. This coverage ensures that your business is safeguarded from potential legal and financial consequences. You can learn more and get a quote for CGL insurance here.

Builder's Risk Insurance

Contractors’ Insurance may also encompass Builder’s Risk insurance coverage for construction workers. This specialized protection covers any damage to structures and building materials during construction or renovations, providing peace of mind that your work is secure from unforeseen incidents.

Equipment Breakdown Insurance

Another crucial component of Contractors Insurance is Equipment Breakdown insurance. This coverage protects against the costs associated with repairing or replacing construction or heavy machinery equipment if it breaks down. This ensures that your business can continue to operate smoothly, even in the event of equipment failure.

Commercial Auto Insurance

This covers vehicles used by contractors for business purposes. This coverage protects against repair and replacement costs if the vehicle is damaged, stolen, or involved in an accident, ensuring that your business transportation is safeguarded and minimizing potential downtime. You can learn more and get a quote for commercial auto insurance here.

Contractor’s Insurance FAQs

Are Subcontractors covered by contractor's insurance?

Your Contractors Insurance does not automatically cover subcontractors. If you plan to hire subcontractors, it’s crucial to consult with your broker or insurance company to see if they can be included under your policy. If they can’t, the subcontractor should obtain their own insurance to avoid being liable for any damages they may cause.

How much is contractor insurance in Canada?

The cost of Contractor Insurance in Canada varies greatly depending on the coverage options you choose. Your premium will be higher if you opt for comprehensive coverage, including commercial auto insurance, which offers extensive protection. However, you can lower your premium by opting out of certain coverages, but this can leave your business vulnerable to specific risks. It’s essential to balance cost and protection to ensure your business is adequately covered.

Client Insurance Requirements

Choosing to purchase an Alberta Contractors Insurance product for your operations is not only a benefit to you and your employees, it can also be a requirement for many of your clients. At times, Contractors may enter into an agreement with a client for a specific project, where the client is requesting proof of General Liability insurance. In some cases, the client may also request to be listed as an Additional Insured to the policy. Being able to provide your client with proof of insurance may be the deciding factor in you being successful at securing the project. It also shows your client that you are pro-active in protecting yourself from the many risks you may be exposed to on the job.

How Leibel Insurance Can Help You

Your Leibel Insurance broker will be able to guide you when it comes to the coverage options to be included in your policy. Your insurance broker will be able to give you advice on what products are best suited for you based on the type of work you are performing. Your insurance broker will also offer you suggestions on insurance products available to you in addition to General Liability, such as Commercial Auto Insurance, Course of Construction insurance, Wrap-up Liability, Cyber Insurance, and many more.

Not all clients know exactly what coverages they need, or what the benefits of these coverages are. Your broker at Leibel Insurance is expertly trained in knowing what coverages to recommend to you and will place you with the best product for your needs. All quotes provided are free of charge and the purchase of coverage could potentially save you hundreds if not thousands of dollars in liability claims.