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Road Construction Contractor Insurance

Contractors Insurance is a top-notch commercial insurance brokerage that’s trusted by independent contractors and business owners all over Canada. 

We’re experts in creating customized insurance bundles that fit the needs of all businesses, including road construction contractors and companies. If you operate within this industry, our personalized road construction contractor insurance will provide you with the financial protection you need without any unnecessary riders.

We have served numerous clients throughout our years of service. With Contractors Insurance, you can be sure that you are in good hands!

What Is Road Construction Contractor Insurance?

Road construction contractor insurance is a specialty insurance bundle tailored to fit the needs of road contractors and construction companies while they’re on the job. 

At the foundation of this insurance plan is commercial general liability insurance. But, depending on your preferences and needs, you can request (or be recommended) additional coverages to protect you and your business’s finances.

Road construction contractor insurance in Ontario can include:

Commercial General Liability Insurance

As a road contractor, your work often includes paving, levelling, grading, and fixing road signage. While your tasks are typically done at a safe distance from motorists and civilians, there’s no guarantee accidents won’t happen at a job site.

Commercial general liability is a must for street and road contractors as it helps pay for: 

  • Medical and legal costs if a third-party individual gets injured while your construction project is ongoing
  • Advertising or reputational injuries (i.e. slander, libel, and copyright infringement)

Builder’s Risk Insurance

Builder’s risk insurance is a crucial policy for road construction companies and independent contractors because it protects the project owner, contractors, and subcontractors from losses during the course of the construction project. 

It does so by providing coverage for the following: 

  • Soft costs attributable to project delays
  • Repairs and replacements for stolen or damaged tools and equipment
  • Demolition and cleanup costs 

Commercial Property Insurance

If your construction site has an office or a warehouse where you store materials, documents, equipment, tools, or any other essentials that keep your business running smoothly, commercial property insurance will provide an additional layer of protection.

This includes coverage for financial loss due to: 

  • Theft and vandalism
  • Natural disasters that damage property

Commercial Auto Insurance

Accidents or collisions on the road can happen at any time, whether you’re transferring tools and materials between job sites or visiting a client’s office.

Having commercial auto insurance helps cover your business’s assets by helping pay for medical and legal costs related to:

  • Bodily injury and property damage caused by company-owned vehicles
  • Repairs to your vehicle after an accident
  • Theft or vandalism to your commercial vehicles

Who Can Benefit From Road Construction Insurance?

All independent road contractors and companies operating within this sector can benefit from road construction contractor insurance. However, with that in mind, those working the following jobs stand to benefit the most: 

  • Highway, street, and road construction
  • Road and sidewalk paving
  • Road surfacing
  • Grading for highways, streets, and roadways

There are unique risks associated with street and road construction work, so securing customized road construction contractor insurance in Ontario is vital in minimizing the chances of lawsuits and financial stress in the face of unfortunate events.

Why Is It Important for Ontario Contractors to Have Road Construction Contractor Insurance?

The value of road construction contractor insurance is in the breadth and versatility of the coverage it provides. Road work can be dangerous, with the risks ranging from controllable to completely out of your hands. 

Common claims your policy can protect you from include: 

  • Lawsuits filed by third parties related to property damage or injuries
  • Injuries or conditions sustained by your contractors on the job
  • Vehicular accidents that happen on the road
  • Damage sustained to your work due to external elements
  • Stolen tools or damage accrued to your construction site
Road Construction Contractor Insurance Claims Examples

Claims Example #1
  • Problem Icon

    While constructing a public road, one of your contractors mishandles an excavator and damages the walls of a nearby building.

  • Outcome Icon

    Your commercial general liability insurance can cover the costs of repairs to the building, totalling $100,000.

Claims Example #2
  • Problem Icon

    The project owner trips and falls while visiting your construction site, resulting in a broken wrist. The project owner sues you for bodily injuries.

  • Outcome Icon

    Your general liability policy will help pay for medical and settlement fees, amounting to $85,000.

Claims Example #3
  • Problem Icon

    While one of your road contractors is en route to a project site, they get involved in a collision with another car. No casualties were reported except for the damages to both vehicles. The other driver sues.

  • Outcome Icon

    Your commercial auto insurance will cover the costs of repairs and settlement fees, totalling $24,000.

Leading Provider of Road Construction Contractor Insurance in Ontario

We put our customers at the center of everything we do. Here’s why you should choose Contractors Insurance.

Personalized Insurance Plans

We’ll customize your road construction insurance to specifically cover your business’s unique risks. Pay only for what you need—no unnecessary riders guaranteed.

Utmost Transparency on Coverage and Limitations

We know it can be daunting to try and understand your policy. We’re here to walk you through everything you need to know, including what triggers a claim and what your limits are.

Thorough and Straightforward Insurance Education

We’ll be your source of everything insurance. We can also provide you with expert recommendations and knowledge you need to make informed decisions regarding your business’s insurance.

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Frequently Asked Questions About Road Construction Contractor Insurance

Though several factors can affect your total, CGL policy under road construction insurance usually costs $50 per month for a coverage limit of 2 million dollars. However, your insurance broker at Contractors Insurance can provide you with more cost-effective options based on their recommendations. 

Though road construction insurance itself is not required, Ontario contractors are required to have general liability insurance before undertaking any projects.

Ready to Get the Coverage You Need?

Contractors Insurance is the most trusted insurance brokerage based in Toronto. 

Our dedicated team of insurance brokers is always ready to answer your questions, provide recommendations, and assist you in setting up your road construction contractor insurance bundle. Whether you’re purchasing additional coverage for your business or filing claims, we’re here for you every step of the way.

Contact us today to get started with a quick quote!

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