Frequently asked questions — Construction contractors insurance
What insurance is mandatory for a construction contractor in Quebec?
How much does insurance cost for a construction contractor?
Does the RBQ require liability insurance?
What work is covered by construction company insurance?
Subcontractor: do you need different insurance from a general contractor?
Are my tools and equipment covered on job sites?
What exactly does contractor liability cover?
How long does it take to get a construction insurance quote?
EXPERTISE DE COURTIER
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En tant qu’entrepreneur en construction, vous faites face à des risques quotidiens : accidents sur le chantier, dommages matériels, vols d’équipement… Ne laissez rien au hasard! Une assurance adaptée est essentielle pour protéger vos projets, votre équipe et votre entreprise.
Avec notre comparateur d’assurance, obtenez rapidement plusieurs soumissions pas chères des meilleurs assureurs spécialisés en construction.
At a glance
Construction projects
Many risks are incurred by contractors during the execution of each project, the intensity of which varies according to the size and nature of each of them. The particularity of each case requires the use of tailor-made solutions. A situation that presents some difficulties for brokers who help their clients find products that are suitable for construction professionals. And that’s where the insurance company for construction contractors comes in, which offers adequate protection for special requirements.
How to properly insure yourself with construction insurance?
For a contractor specializing in construction, in addition to civil liability protection, he can take out other guarantees. These are mainly liability for errors and omissions by contractors during the execution of projects, protection of penalties for breach of contract, faulty workmanship insurance and commercial general liability insurance. In addition to the replacement cost of equipment and materials, the warranty for off-site tools or portable equipment, installation risks, transportation property, as well as general contractors, and road builders. Specialized brokers have the skills and know-how to assist construction companies in insuring the various risks by offering products adapted to their needs and expectations.
What does construction contractor insurance cover?
Insurance for construction contractors covers building work, machinery, tools and site protection. By calling on specialists from construction companies, the contractor protects himself against the various disasters likely to affect his structure and business, which gives him a head start on the competition.
Personalized protection for every activity
For companies that carry out general or specialized work and that take charge of residential, commercial or industrial sites, they have particular expectations in terms of coverage. This is why they need tailor-made insurance adapted to each type of mandate or project. And this is where Assur360 comes in, which has accumulated many years of experience and real know-how in commercial insurance. As an insurance broker, this brand presents solutions that are well thought out and that adapt to the expectations and requirements of each construction contractor with regular updates throughout the year. Whether it’s for a new project, new risks or new equipment, Assur360 offers personalized service to each customer. A broker intervenes quickly and efficiently in the event of an incident, especially since he or she can be reached in the different regions of Quebec.
Les partenaires d’Assur360 proposent une large gamme de produits destinés à chacun de ses clients. À ce propos, elle offre l’assurance construction pour entrepreneurs en travaux de maçonnerie. Dans ce cadre, l’enseigne met à leur disposition des garanties supplémentaires qui viennent compléter leur assurance de base pour une couverture plus complète. Elle couvre également les entrepreneurs en peinture et tapisserie en proposant, en plus de l’assurance responsabilité civile des protections complémentaires.
Assur360’s offer extends to insurance for specialized contractors, with guarantees that protect property as well as civil liability and company vehicles.
The protection offered by Assur360 covers construction sites and projects of various types such as hospitals, factories, highways, warehouses, bridges and tunnels, among other commercial, industrial or even infrastructure projects. The warranties also cover sewer installations, aqueducts, mechanical and electrical infrastructure, plumbing, heating and air conditioning work, among others.
This type of insurance covers categories related to commercial building contractors, commercial or industrial plumbing, commercial, residential or industrial heating, cement or concrete work, excavation, roads and sidewalks, commercial or industrial electrical, in addition to industrial facilities. It is essential to entrust your needs to specialists in construction companies to get a head start on the competition.
Why take out protection for construction companies?
Le secteur de la construction est sujet à de nombreux incidents et sinistres qui peuvent avoir lieu sur les chantiers en plus des autres risques liés à cette activité. Un accident peut rapidement arriver sur un chantier avec les machines, les outils, les travailleurs, entre autres facteurs présents sur les lieux. Un incident peut vite se transformer en catastrophe avec des conséquences désastreuses. Situation qui se révèle périlleuse pour l’entreprise et son business. C’est pourquoi il devient nécessaire de contracter une assurance adéquate afin de travailler sur ses projets en toute quiétude.
Managing risks on a construction site
Faire appel à des courtiers professionnels qui maîtrisent parfaitement ce type d’activité et ses particularités est à même de proposer les solutions adéquates à chaque cas. Ils disposent des connaissances et du savoir-faire pour conseiller les clients et les aider à mieux gérer les risques sur un chantier de construction. Ils collaborent avec des assureurs de haut niveau qui proposent des protections complètes aux assurés. C’est l’occasion aussi d’être parfaitement épaulé par une équipe qualifiée pour le cautionnement.
Some examples of the activities we provide:
- General Contractor
- Electrician
- Sprinkler Installer
- Signaller
- Interior system, plasterer, gypsum installer, insulation
- Roof, except membrane
- Tinsmith
- Heating, air conditioning
To find out more about construction insurance, you should contact a specialist broker.
Leading property and casualty insurers recognized for offering construction and builder’s risk insurance in Quebec
| Rank | Insurance Company | Construction Valuation (★) | Strengths | Weaknesses |
|---|---|---|---|---|
| 1 | Intact Insurance | ★★★★★ | Wide range of construction and surety products | High premiums for small entrepreneurs |
| 2 | Aviva Canada | ★★★★☆ | Excellent site expertise and major projects | Less flexible for small businesses |
| 3 | Travelers Canada | ★★★★☆ | Strong in surety and liability | More rigid administrative process |
| 4 | Economical Insurance | ★★★★☆ | Good prices for construction SMEs | Limited offer for large, complex projects |
| 5 | Lloyd’s of London | ★★★★☆ | Flexibility on special and international risks | Less accessible without a specialized broker |
| 6 | Northbridge Insurance | ★★★★☆ | Good site expertise and specialized insurance | Longer analysis time for large risks |
| 7 | Chubb Canada | ★★★★☆ | High-end products and complex projects | Higher price, niche market |
| 8 | L’Unique General Insurance | ★★★1/2☆ | Good solution for small regional entrepreneurs | Limited offer for large construction sites |
| 9 | Promutuel Insurance | ★★★1/2☆ | Regional solution suitable for small construction sites | Not suitable for major commercial projects |
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