Trades and Contractor Insurance Brokers Oakville

Protect your business with a comprehensive insurance plan from Contractors Insurance, one of Ontario’s most trusted insurance brokerage firms.

Contractors Insurance has a track record of award-winning service, providing personalized insurance for Oakville area tradespeople, contractors, and various professionals. Our team of Oakville Insurance brokers offers proactive assistance for all your insurance needs, thereby bringing your business to a more secure and successful future.

Customized Insurance Policies for Oakville Contractors

Oakville area comprises about 1.6% of Ontario’s population. Its population grows at a rate of 2.26% per year, making the construction workforce active in the area to sustain the city’s growth.

Currently, Oakville has construction projects involving road reconstruction and widening, bridge construction/rehabilitation, and sewer line improvements. There are also more than 58 new or ongoing Oakville home developments, from houses, condos, apartments, and townhouses.

Contractors insurance Oakville is a must now more than ever. Numerous projects left and right bring in potential risks and stricter competition. Proper risk management through customized insurance catering to individual needs can make all the difference in such a demanding business landscape.

Our Oakville insurance brokers are insurance experts who can help you with personal and commercial lines insurance. Contact us today to get guidance on your unique needs and get a free quote now.

What Is Contractors Insurance?

Most jobs in construction and trades are some of the most dangerous jobs in the world. They come with known occupational hazards, including working from heights, handling heavy materials or equipment, and working with electricity. In Ontario alone, there’s an average of 20 deaths and 357 serious injuries per year from construction work.

Contractor and trades insurance is a broad insurance policy designed for construction professionals, tradespeople, and contractors working in high-risk environments. It offers protection from the following:

• Bodily injuries for workers, professionals, and third-party individuals
• Accidental damage to nearby property
• Errors leading to client lawsuits
• Damage to the structure being built or the tools or equipment
• Vandalism or theft towards the project site or the equipment or materials used

Most construction companies take on a wide range of projects that come with unique risks. Here’s where personalized contractors insurance in Oakville can help save your business thousands or even millions of dollars from unforeseen events.

Our Oakville Contractor and Trades Insurance Types

Contractors Insurance Oakville offers maximum protection for you and your business through specialized policies that provide specific benefits, including:

Commercial General Liability Insurance

Commercial general liability (CGL) insurance is the foundation of our contractors insurance. It protects you from sudden financial loss if your business operations cause physical injuries or property damage involving a third-party. CGL covers medical bills, repair and replacement costs, and legal settlements.

In addition, third-party injuries within other business premises (office, warehouse, storage areas, etc.) are also covered. CGL also protects you from lawsuits involving reputational or advertising injuries from slander, libel, copyright infringement, and violation of privacy.

Builders Risk Insurance

Builder’s risk insurance covers projects under construction. It protects you from financial loss in case your unfinished structure or part of a structure is subjected to damage, vandalism, or theft from external forces. To an extent, this insurance also gives special attention to your on-site tools and equipment.

Surety Bonds

Surety bonds are a type of insurance policy that provides a financial guarantee to clients or other stakeholders that a task will be completed within contract terms and according to legal and industry-established standards. A few examples of contractor surety bonds include performance bonds, license and permit bonds, and payment bonds.

Pollution Liability Insurance

In case your business is found liable for sudden or gradual pollution (i.e. the spread of legionella or mould), pollution liability insurance will cover cleanup costs, emergency response costs, and legal settlements.

Construction Equipment Insurance

After spending thousands of dollars on equipment that you need, it only makes sense to invest in construction equipment insurance that will protect you from financial loss if owned, borrowed, or rented tools and equipment are damaged or stolen.

Freight Forwarder Insurance

Another important aspect of contractors insurance Oakville is freight forwarder insurance. Also known as installation floater insurance, it covers materials and equipment in transit in the event that they are damaged, vandalized, or stolen. Under this insurance policy, you are covered whether you transport these items yourself or hire a freight forwarding company to do the job.

Note: This is NOT to be confused with “freight forwarders liability,” which is typically set up for the interests of freight forwarding or load broker businesses.

Engineer Insurance

Engineer insurance is essentially a policy bundle that includes specialized professional liability insurance or errors and omission insurance and additional coverages. This insurance solution explicitly protects engineers and engineering firms from liabilities relating to negligence, client dissatisfaction with their work, or third-party bodily injury.

Accountant Insurance

Accountant insurance is a personalized policy bundle with professional liability insurance at its core. On top of this, additional coverage can be included depending on needs and preferences. This type of insurance policy protects contractor accountants in the event that they are sued for misrepresentation, negligence, or inaccurate advice.

Why Choose Contractors Insurance Oakville?

Contractors Insurance is preferred by hundreds of clients in Oakville and all over Canada because we offer these benefits:

• Personalized insurance plans that cover exactly what your business needs
• Elimination of unnecessary riders, helping your business save on premiums
• A straightforward explanation of all things insurance, every step of the way
• Transparency and initiative to clarify what’s covered and what isn’t covered in every insurance plan we set up

We provide insurance to all kinds of professionals, contractors and tradespeople. Our clientele consists of the following:

 

If you are in the Greater Toronto area and are looking for insurance experts who offer full-service brokerage, then you can contact us. We can assist you with insurance solutions in a professional manner, paying special attention to your unique needs. Get a quote today!

Professional Insurance Oakville Contractors Can Count On

Contractors Insurance is the top choice of countless contractors and professionals in Oakville and across Ontario.

With our hands-on service and highly personalized insurance plans, we have helped hundreds of businesses through the years while also garnering awards and industry recognition along the way. As your reliable insurance partner, our Oakville insurance brokers will help you manage risks strategically and get the peace of mind you deserve.

For detailed inquiries about our contractors insurance in Oakville, please don’t hesitate to contact us today or get started with a quick quote!