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Construction Managers Insurance in Ontario

At Contractors Insurance, we understand how heavy your responsibilities are. From managing every project’s budget and schedule, to overseeing contract documents, receiving bid submissions, and inspecting and approving work, we know that there’s a lot to do.

One mistake and your project—along with your finances and the reputation you’ve built over the years—could come tumbling down. We’re here to protect you from those risks with construction managers insurance.

We’re an award-winning commercial insurance brokerage firm based in Ontario. We have been providing construction managers like you with exceptional services and programs for many years. 

With Construction Insurance backing you up, you can manage every project with confidence, no matter what happens!

What Is Construction Managers Insurance?

Construction Managers Insurance aims to protect construction managers from possible problems that might happen at any phase of the project. It ensures you are covered in a situation where your work is directly responsible for any damage or liability.

This insurance usually combines General Liability (GL) and Professional Liability (PL) to eliminate the hassle of having separate policies. 

General Liability

General Liability is insurance that protects you and your business from ‘general’ claims such as property damage and bodily injuries.

Professional Liability

Also known as Errors and Omissions (E&O) insurance, Professional Liability insurance covers professionals like architects and engineers against negligence and other claims initiated by their clients.

Who Can Benefit From Construction Managers Insurance?

This type of insurance benefits construction managers working in either residential or commercial projects, or both. No project specialization is too big or too small to be insured. 

Our construction managers insurance packages an be customized to fit the needs of both independent contractors and those working in a company or firm.

Why Is It Important for Construction Managers to Have This Insurance?

Mistakes and unforeseen events are always a possibility at work. And since construction managers are involved in many aspects of the projects they handle, they can get sued for negligence, breach of contract, and project delays among others. 

Whether the construction manager is really at fault is irrelevant; they still need to be able to legally defend themselves. In such instances, specialized professional liability insurance will help with the costs. 

Other types of insurance can also be added to a customized insurance bundle to address the risks that come with having commercial vehicles, a physical office, and valuable physical/digital documents. 

Construction Manager Insurance Claims Example

Claims Example #1

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    A construction manager was sued for negligence after a faulty demolition sequence caused injury to one of the suppliers on-site. The accident also delayed the project by a day.

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    Professional liability insurance for construction managers will cover the legal defence and settlement costs. General liability insurance will cover the medical costs of the injured third party, the supplier for a total of $85,000.

Claims Example #2

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    One winter evening, the office of a construction management firm had burst pipes and this caused flooding. The office had to be closed for a day. 

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    Commercial property insurance coverage will cover the total repair and restoration costs which amount to $6000. Commercial property insurance for construction managers will also cover the estimated lost income during the day the office was closed. 

Claims Example #3

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    While working on a remote project site, the commercial vehicle used by a construction manager got stolen. An investigation followed but the vehicle was never recovered.

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    Commercial auto insurance, as part of a construction managers insurance plan, will cover the replacement cost of the stolen vehicle which amounts to $45,000.

Leading Provider of Insurance for Construction Managers in Ontario

We always put our customers first. This customer-centric approach is how we’ve become one of the leading providers of insurance in Ontario.

We’ve built and nurtured a strong relationship with our clients over the years, providing them with the best possible service through:

Personalized Insurance Plans

We guarantee that you will pay only for the coverage you need without unnecessary riders. We will recommend additional coverage for your construction managers insurance if it fits your specific needs and preferences. 

Transparency in Coverage and Limitations

We will explain your insurance plan thoroughly and with full transparency. You will be informed in detail about how it works, its limits, triggers for a claim, and exclusions. 

Straightforward Insurance Education

We want you to fully understand what you’re paying for. We will explain the coverage of your insurance plan without complicated jargon. 

Frequently Asked Questions About Construction Insurance

The exact cost will depend on the needs of the insured, independent contractor, or firm. Professional liability insurance for construction managers would typically amount to $85 per month or more. Additional coverage beyond professional indemnity will have an added cost.

Although there’s no legal statute requiring construction managers to get insurance in Ontario, many clients would look for a certificate of insurance. On top of winning the trust of clients, getting insurance is highly recommended in this line of work because of the numerous professional indemnity risks. 

Ready to Get the Coverage You Need?

Being a construction manager exposes you to many risks including costly lawsuits that could cause financial damage, harm your reputation, and potentially put you out of business.

You don’t have to be afraid of any of these if you have construction managers insurance. If you’re ready to be protected, get in touch with us today!

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