Contractor Insurance that protects what you've built
What is Contractor Insurance?
What is it for?
How does it work?
Choose your contractor insurance
Contractors & Construction Insurance
As a general contractor or skilled trade worker in the construction sector, you know the job comes with many risks. There’s no “one-size-fits-all” solution for protecting your company. We offer customized coverage plans tailored to your business needs, ensuring cost-effective protection for your business, employees, tools, and materials.
Types of coverages
- Commercial Property Insurance: Covers the building, stock/premise equipment if they should suffer a loss.
- Commercial Automobile Liability Insurance: Covers vehicles that serve a commercial purpose.
- Contractors Liability Insurance: Covers damages to clients, settlements when sued, and lawsuit costs.
- Equipment/Tool Insurance: Covers losses of tools and larger complex equipment used to perform the job.
- Business Interruption: Covers the financial losses from business downtime as a result of equipment breakdown. It also covers business interruption due to a claim or lawsuit.
Installation Floater Insurance
At any time on the job site, during transit or while being installed, the materials being used are at risk. Should an accident occur, the contractor will be responsible for the charges. Although they do not own the materials, they are responsible for them. Contractors Insurance takes into account the many forms of risks, and installation floater insurance is a form of coverage.
Snow Removal Insurance
Operating a snow removal business comes with high risks, especially with the likelihood of slip-and-fall accidents. We offer affordable Snow Removal Insurance in Ontario, tailored to your specific needs.
Coverage for snow removal companies
- Liability Coverage: Covers risks associated with damaging a client’s property or physical accidents, such as slip-and-falls that occur on plowed property.
- Property Coverage: This coverage helps with repairs or potential replacement if the snow plow is damaged.
- Commercial Auto Coverage: Protects any vehicle used for business purposes from risk in unfavourable weather conditions. Covers any equipment or tools that are attached. We’ll help ensure the proper disclosure of usage to ensure you’re protected.
Bonding Insurance
When seeking surety bonds, it’s crucial to have a broker who understands the bond marketplace’s complexity. Our specialized bond facilities set us apart from general insurance brokerages. We’ve built our reputation on superior service and expert knowledge, ensuring your bond facility is always up to date by monitoring changes in the construction industry.
Two types of surety bonds we provide:
- Construction Contract Surety Bonds: One of the most common forms of bonding used in a construction setting. It is set in place to protect owners and suppliers from the consequences of a contractor defaulting on a project. Such bonds are a guarantee from the surety to a project owner that the contractor will follow the direction of the contract. Bonds that are used most often are the bid bond, performance bond and labour and material payment bond.
- Commercial Surety Bonds: Guarantee that any government body, financial institution or private corporation’s security requirements are adhered to and that any financial risk is protected via legal compliance by the principle. Monetary losses, fraud and/or misrepresentations are a few areas that offer protection to the end user.
Our services:
- Advice on contract reviews, current surety procedure and bond company appetites.
- Power of Attorney and in-house bond authority to issue bonds in time sensitive environments.
- Internally underwrite our contractor’s bonding programs in order to maximize your bond facility.
- Strong relationships and access with all major bonding markets.
- Creative solutions to tailor your bonding requirements with respect to larger and specialized projects, bonding of sub-trades, joint ventures and bond claim handling/disputes.
Simple steps,
great benefits
Get started with expert guidance
Request a quote online or contact us directly, and our advisor will connect with you to discuss your goals, answer your questions, and recommend the perfect policy for your needs.
Complete your application
Finalize your insurance plan by submitting the required documents and completing any necessary forms. Our team will ensure the process is smooth and hassle-free.
Make the first payment
Activate your coverage by completing your first premium payment. This step ensures your policy is in effect and your protection begins immediately.
Enjoy peace of mind
Rest easy knowing your policy is active, providing financial security for you and your loved ones, no matter what life brings.
Plan ahead and stay protected
with BCU Insurance
BCU Insurance
Questions? We’ve got answers!
Anyone who lives in Canada – whether you’re a citizen, permanent resident, or temporary resident – can usually apply for insurance. Eligibility may depend on the type of insurance and your specific situation, like your age or health status. It’s always best to check the specific requirements for the coverage you’re interested in.
Yes, bundling different types of insurance – for example, home and auto – can often get you a discount and make managing your policies easier. It’s a smart way to save money and stay organized.
Absolutely – we’re here to help you every step of the way. BCU Insurance can guide you through the claims process, answer your questions, and connect you with the right support. Just reach out to us, and we’ll take it from there.
Yes, you can update your policy anytime your needs or life circumstances change, like buying a new car or renovating your home. Just let us know, and we’ll help adjust your coverage to keep everything in sync. It’s all about keeping your protection current and stress-free.
Yes, you can cancel your policy at any time. However, keep in mind there may be cancellation terms or fees depending on your carrier and policy. If you are ever in need of cancelling a policy, we’ll walk you through the process so there are no surprises.
