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Welding Contractor Liability Insurance

As one of Ontario’s most trusted commercial insurance brokerage firms, Contractors Insurance is set on providing clients across various industries with personalized insurance bundles. This includes welding contractors.

As a welder, you work in various settings, such as home construction, automobile repairs or manufacturing, pipe installation, and even shipbuilding. All of these are demanding and rewarding fields, but also risky and accident-prone. This is where welding liability insurance steps in to offer protection. 

Contractors Insurance has a proven record of providing comprehensive welder insurance throughout the years. What sets us apart from other insurance providers is the stellar customer service that clients experience every step of the way as we cater to their particular needs.

What Is Welding Liability Insurance?

Welding contractors play an important part on construction sites. They are the ones responsible for ensuring that the foundations of a building or residence are structurally sound and durable to withstand the test of time. Given this huge responsibility, welders are often subjected to numerous risks and hazards while on the job.

Therefore, having a solid risk-management strategy in place can secure your finances early on in your career.

To help you get started, here are some insurance policies you can bundle with customized welding contractor insurance:

Commercial General Liability (CGL) Insurance 

Welding contractors usually handle heavy equipment at work while under intense heat, which is the usual cause of accidents at a job site. CGL insurance protects you from risks, such as third-party property damage or bodily injuries caused by a workplace accident. Do note, however, that CGL may only cover full-time contractors and not every individual. 

Tools and Equipment Insurance 

As a welder, your tools are your lifeline. Therefore, it is necessary to get them insured to cover financial liabilities should your tools and equipment get misplaced, lost, stolen, or damaged. Tools and equipment insurance covers these instances and helps pay for replacements or repairs. 

It’s also important to remember that anything valued at less than $1,500 is considered a tool, and anything more than that will be considered equipment.

Pollution Liability Insurance 

Under pollution liability insurance, contractors are protected against liabilities that arise from the following being discharged while they work at a job site:

  • solid, liquid, or gas pollutants;
  • thermal irritants; and
  • Contaminants. 

These pollutant liabilities could result in third-party injuries or property damage.

Who Can Benefit From Welding Liability Insurance?

Contractors who own welding businesses or work independently can benefit from welder insurance. It enables them to protect themselves against financial worries arising from the specific risks associated with their chosen trade.

It should also be noted that lawsuits can be quite expensive, so operating without proper insurance can jeopardize your business or lead you to bankruptcy. In other cases, project sites won’t allow you to work without having independent welding contractor insurance.

Why Is It Important for Ontario Contractors to Have Welder Insurance?

Welders are one of the main reasons buildings don’t easily crumble amid accidents or natural disasters. A job as important as yours means you’re also left to face various risks and hazards while at work, and the resulting claims from these unfortunate accidents can take a huge toll on your bank account.

Luckily, financial losses are preventable if you plan a risk-management strategy as soon as possible.

Independent Welding Contractor Insurance Claims Examples

Here are some claims examples of how welder insurance can help you:

Claims Example #1
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    While working at an industrial site, your welding contractor accidentally caused a fire which damaged a large portion of the client’s property. The client files a lawsuit for property damage.

  • Outcome Icon

    Your CGL Insurance can help pay for the costs associated with legal fees and repairs for the damage. This policy can cover up to $200,000.

Claims Example #2
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    You left your equipment at work because they’re heavy, and it’s more convenient to have them there and ready to use. However, while you were off-site, someone broke into the construction site and stole your expensive equipment.

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    Your tools and equipment policy can cover costs of up to $30,000 to replace the stolen items.

Claims Example #3
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    While working in an oil rig, one of the pipelines leaked during an extraction. This caused a large oil spill. The client sues you for environmental damage.

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    This is covered by pollution liability insurance, which will help pay for the costs of cleaning up the oil spill. The amount will depend on a number of factors, but this policy can also cover settlement fees.

Leading Provider Of Welding Liability Insurance In Ontario

We at Contractors Insurance always ensure that we provide only the best customer service to our clients. In line with this, we strive to offer the following benefits:

Personalized Insurance Plans

We can customize your independent welding contractor insurance to fit the specific needs of your business. You’ll never have to worry about paying for unnecessary riders.

Utmost Transparency on Coverage and Limitations

We take a proactive approach to curating the details of your policy. We’ll walk you through everything you need to know, such as what triggers a claim, your limits, and exclusions. Our team will offer full transparency regarding your insurance plan.

Thorough and Straightforward Insurance Education

We think of our customers as our partners in business. As such, we can be your source of information, assistance, and expert recommendation for everything insurance-related.

Frequently Asked Questions About Welding Contractor Insurance

Most insurance policies only cover full-time contractors and usually exclude subcontractors. However, coverage extensions added to your existing policy may include subcontractors. 

For subcontractors, it’s important to purchase your own liability insurance to protect yourself while working in various industries.

Yes. Purchasing business insurance can help you save thousands of dollars down the line, especially because you will not be able to predict when you’ll need coverage for an unfortunate event.

Ready to Get the Coverage You Need?

Contractors Insurance is the leading insurance brokerage firm based in Ontario. We specialize in providing tailor-fit insurance plans for numerous businesses, contractors, and other professionals in various industries.

Our dedicated team of industry professionals is here to answer your questions, provide recommendations, and assist you with anything you need to know about welding liability insurance.

With Contractors Insurance behind you, you can secure your finances and get smart with your risk-management strategy. Call us today to get started with a quote! 

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