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Ontario contractors & construction insurance

Do you work with your hands to fix, install or build things? We’ll build you a customized business insurance policy to protect your business from risks.

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Ontario contractors & construction insurance

Do you work with your hands to fix, install or build things? We’ll build you a customized business insurance policy to protect your business from risks.

How much is construction business insurance in Ontario?

The cost of contractor insurance in Ontario varies depending on the type of contracting or construction business you have, as well as your size, location, and claims history. If your business needs additional coverage for commercial auto insurance, equipment breakdown insurance, or more, this can increase the cost of your policy.

3 reasons why contractors need insurance in Ontario

Protection: You’re not just protecting your business financially. You’re also protecting people and property as well as your tools, equipment, and supplies. Help your business recover financially from accidental property damage and injuries to third parties. Work with confidence knowing that if tools and equipment get damaged or stolen, insurance can help with replacing them and get your business back up and running..

Attract the best: Give employees peace of mind when they start working for you. By insuring your contracting and construction business, you can attract and retain employees. Having insurance can also add to your credibility, which can enhance your reputation as an employer.

Show proof that customers can trust you: Customers may ask if you have proof of insurance before they decide to hire you. Arming yourself with a certificate of insurance will help your contracting business gain trust and could lead to more potential business.

Types of contracting businesses in Ontario

We offer policies for a variety of contracting businesses in Ontario. Here’s a list of some of the types of businesses we protect:

Commercial cleaning services
Landscapers
Residential painters
Handypersons
Plumbers
Window installers

Window cleaners
Commercial HVAC contractors
Residential electricians
Industrial electricians
Construction contractors

What risks do contractors and construction businesses face when they don’t have insurance?

There are a few risks to consider if you decide to run a contracting or construction business without insurance:

Poor reputation and fewer clients – It’s important to make a great professional impression when you meet with potential clients. Clients want to see that your business is licensed, registered, and insured. When you get a business insurance policy with TruShield, we provide you with a certificate of insurance.

Fall behind schedule – Your tools, equipment, and supplies are imperative to getting a job done. If your tools are damaged or stolen, can you easily afford to replace everything quickly while still working on a project? What happens if you’re on a really tight schedule with another project coming up? Having insurance can help you replace these items if they get damaged or stolen.

If you fall behind schedule, your business may face financial loss. This can affect your bottom line and set you back unexpectedly.

What does contractors insurance cover?

A basic contractors insurance policy will include commercial general liability (CGL) coverage with a $2 million or $5 million limit. If your business is sued by customers or third parties for property damage, injury, or death caused by your business or your employees, CGL will help protect your business from loss.

Are there any other important coverage options Ontario contractors may want to add on to their policy?

Getting more coverage means more protection for your business. Other coverages that contractors should consider include the following:

Tools and equipment coverage

If you rely on specialized tools or equipment, you should protect them.

Installation for customers coverage

If you install things for your customers such as fixtures or other products, you should protect your business in case something gets damaged before or during the installation.

Data and privacy coverage

If you have access to confidential data like your customers’ personal information, protecting yourself against data breaches and cyber threats is important.

The TruShield advantage:

Legal Assist *

Legal Assist provides you access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.

24/7 Claims service

We’re always open for you. With around-the-clock claims support by phone and online, we help ensure settling a claim is fast, simple, and stress-free.

Flexible payment options

Pay for your policy all at once or in convenient monthly installments. We also offer 0% interest and we’ll even accept payment by credit card.

* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.

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Advice from our experts:

Terms, conditions and exclusions apply, see policy for details. The services described on this website are not insurance policies and not all policies are eligible. For more information on our services and for information on our insurers please see Terms and Conditions. Certain content used on this website are trademarks or tradenames of Northbridge Financial Corporation (or its affiliates) and are used under license by our insurers. For more information please see Trademark Information. CISRO Principles of Conduct for Insurance Intermediaries. About your Insurance Broker Fact Sheet.

Legal information

Certain content used on this website are trademarks or tradenames of Northbridge Financial Corporation (or its affiliates) and are used under license by our insurers. For more information please see Trademark Information.

TruShield Insurance, 105 Adelaide Street West, Toronto, ON M5H 1P9

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Ontario contractors & construction insurance

Ontario contractors & construction insurance

How much is construction business insurance in Ontario?

3 reasons why contractors need insurance in Ontario

Types of contracting businesses in Ontario

What risks do contractors and construction businesses face when they don’t have insurance?

What does contractors insurance cover?

Are there any other important coverage options Ontario contractors may want to add on to their policy?

Tools and equipment coverage

Installation for customers coverage

Data and privacy coverage

The TruShield advantage:

Legal Assist *

24/7 Claims service

Flexible payment options

Ready to get a quote?

Advice from our experts:

The importance of insurance for professional services businesses

Tips to maximize insurance coverage for small retail businesses

What insurance coverages do I need for my retail business?

Small business experts:

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Ontario contractors & construction insurance

Ontario contractors & construction insurance

How much is construction business insurance in Ontario?

3 reasons why contractors need insurance in Ontario

Types of contracting businesses in Ontario

What risks do contractors and construction businesses face when they don’t have insurance?

What does contractors insurance cover?

Are there any other important coverage options Ontario contractors may want to add on to their policy?

Tools and equipment coverage

Installation for customers coverage

Data and privacy coverage

The TruShield advantage:

Legal Assist *

24/7 Claims service

Flexible payment options

Ready to get a quote?

Advice from our experts:

Small business experts:

Head office

Business Insurance in Canada

Send us a message

Update payment information

Update website consent

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