As one of Canada’s leading commercial insurance brokerages, Contractors Insurance is trusted by contractors across the country.
We are an award-winning insurance brokerage firm that specializes in putting together tailor-fit insurance programs for independent contractors and contracting businesses. We’re here to provide customized masonry contractor insurance that will give your business the exemplary coverage it needs.
Through the years, our dedicated team has provided hassle-free insurance for masonry contractors. Count on us to provide assistance and guidance throughout your insurance journey — from negotiating premiums and updating insurance to following up on claims. With Contractors Insurance, you can rest assured that your business is in good hands!
What Is Masonry Contractor Insurance?
Masonry contractor insurance refers to either an insurance policy or an insurance bundle that specifically targets the risks that masonry contractors face. The bare minimum of this type of insurance is a comprehensive commercial general liability (CGL) policy specialized for this line of industry. However, depending on the risks faced by your business, other coverages may be recommended.
The following can be included in your personalized masonry contractor insurance policy:
Commercial General Liability Insurance
Throughout the course of your projects as a masonry contracting business, you have a responsibility to keep third-party individuals and third-party property safe. For this reason, commercial general liability (CGL) insurance is vital.
CGL covers medical costs, repair/replacement costs, and legal costs associated with the following:
- Injuries to third-party individuals/property damage caused by accidents related to business operations;
- Injuries to third-party individuals/property damage due to faulty workmanship;
- Third-party injuries within the business premises; and
- Advertising or reputational injuries (libel, slander, copyright infringement, and so on).
Commercial Auto Insurance
Do you have a fleet of vehicles for transporting your employees or bringing materials/equipment to project sites? If so, your business needs commercial auto insurance to protect your commercial vehicles.
Commercial auto insurance covers medical costs, repair/replacement costs, and legal costs associated with the following:
- Commercial vehicle accidents leading to bodily injuries/property damage;
- Commercial vehicle damage caused by accidents; and
- Vandalism or theft of your commercial vehicles.
Commercial Property Insurance
If your masonry contracting business operates from a physical location, then commercial property insurance is highly recommended. This type of insurance can cover your office space, storage space, or headquarters. Commercial property insurance protects both the property itself as well as valuable contents such as documents, tools, materials, and computers.
Commercial property insurance will cover the following:
- Repair or replacement costs due to theft, vandalism, and break-ins;
- Repair costs for property damage due to covered perils; and
- Lost income when the property is damaged or made inaccessible (i.e. property-related business interruption).
In cases where employees of a masonry contracting company are injured, made ill, or pass away—and the cause is tied to their job tasks—workers’ compensation will provide the following:
- Lost wages during recovery;
- Ongoing treatment costs; and
- Disability/death benefits.
Who Can Benefit From Masonry Contractor Insurance?
Masonry contractor insurance is recommended for all masonry contractors who build, remove, maintain, repair, and restore structures (or parts of structures) using materials like bricks, stones, and blocks.
If your business offers all or some of these mentioned services, you are exposed to a number of industry-specific risks. Masonry contractor insurance is designed to address such risks and protect your business from financial loss.
Why Is It Important For Masonry Contractors to Have Insurance?
Working in a trade that constructs, removes, and renovates structures made of brick/stone/blocks has its own set of risks.
One of the biggest risk factors is working from heights. Heavy materials and tools can fall from scaffoldings, causing injury or property damage below. Furthermore, slips and falls may occur while working with wet cement. Lastly, another major risk is structural collapse during or after construction.
With the help of our insurance experts, your masonry contracting business can have coverage for the perils mentioned above and other unique risk factors that your business may have.
Masonry Contractor Insurance Claims Examples
Claims Example #1
Shortly after your company constructed a brick garage wall, the wall collapsed because of an error in preparing the cement. The parked car is badly damaged.
The client successfully sues for property damage. Your company’s CGL insurance will cover the car’s auto body repair costs amounting to $2500.
Claims Example #2
Your commercial vehicle is involved in a road accident that damaged your vehicle and that of the other driver.
If your business is sued, your commercial auto insurance will cover the legal fees as well as the repair fees for both vehicles amounting to $25,000.
Claims Example #3
One of your employees slips and falls from scaffolding. He sustains several fractures that won’t allow him to work for three months.
Workers’ compensation will cover medical costs and lost wages throughout the recovery process, totalling $29,800.
Leading Provider of Masonry Contractor Insurance in Ontario
Our customer-centric approach guides everything we do at Contractors Insurance. As a result, we aim to offer you and your business the following key benefits:
Personalized Insurance Plans
Get rid of unnecessary, costly riders. When you choose our custom masonry contractor insurance, you will only be required to pay for the coverage that is most beneficial to your business. With tailor-fit insurance, you save in the long run while still getting excellent coverage.
Utmost Transparency on Coverage and Limitations
Our commitment is to be completely transparent with all of our clients. This means you will know your insurance program just as well as we do. We’ll go over crucial details like what triggers a claim, the exclusions contained in the policy, and so on.
Should you find that there is anything you would like to modify in your masonry contractor insurance policy, we will do everything possible to make it happen.
Thorough and Straightforward Insurance Education
Our team will provide you with unbiased information and support every step of the way. Aside from recommending the right coverage for your business, we can also equip you with the information you need to make informed decisions regarding your business insurance.
Frequently Asked Questions About Masonry Contractor Insurance
In Canada, masonry contractor insurance starts at around $48 per month for a coverage limit of $2 million. Additional insurance coverage would increase the premium. You can, however, get more cost-effective insurance options by opting to get an insurance bundle.
To protect your customers, the general public, and other third parties, masonry contractors in Ontario are required to have a commercial general liability (CGL) insurance policy.
Ready to Get the Coverage You Need?
With tailor-fit masonry contractor insurance, you will be able to get peace of mind and have full focus on growing your business. Contact our team today or get started with a quick quote!