Construction Insurance

Construction insurance in Canada is a type of coverage that protects building projects against property damage, liability claims, and financial losses during construction, renovation, or installation work.

Builders risk insurance covers structures under construction, including materials, supplies, and partially completed work, against risks such as fire, theft, vandalism, and certain weather-related damage.

Builder's risk insurance costs depend on project value, location, duration, construction type, and risk exposure. Larger or more complex projects typically require higher premiums.

Contractors, subcontractors, developers, builders, and property owners involved in construction or renovation projects typically need construction insurance to manage risks and meet contractual requirements.

Yes, construction insurance can cover renovation projects, including structural upgrades, additions, and tenant improvements. Coverage depends on project scope, value, and underwriting requirements.

Construction liability insurance covers third-party bodily injury, property damage, and legal costs arising from construction activities and job site operations.

Hard-to-place construction risks include high-value builds, complex projects, unusual construction methods, or projects already in progress. These often require specialty underwriting solutions.

Brokers can place construction risks by submitting project details such as scope, value, timeline, contractor experience, and prior losses to help insurers assess and quote efficiently.