Builders risk insurance protects buildings, materials, and projects from financial loss during construction or renovation.
At KBD, we help contractors and businesses across Quebec compare policies and secure the right course of construction insurance for their projects.
Find the best course of construction insurance rates for your business
KBD is a commercial insurance broker with 40+ years of experience serving the Quebec market.
We provide builders risk insurance solutions to contractors, developers, and businesses based in Montreal and throughout Quebec, helping protect projects from start to completion.
Comparing rates from Canada’s leading builders risk insurance companies
Builder’s risk insurance coverage we provide in Quebec:
Cost & labour required to rebuild
Coverage for materials and labour required to repair or rebuild damaged work during construction.
Existing structure coverage
Protection for renovations or additions to existing buildings, typically based on actual cash value.
Off-site & transit coverage
This is insurance that covers materials while in transit or stored off-site before installation.
Speak with the same expert every time you call
Construction projects involve complex risks and timelines.
Working with an experienced commercial advisor ensures your builders risk insurance is aligned with your project scope, contracts, and exposures.
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Builder’s risk insurance in Quebec : Your questions answered
What does builders' risk insurance cover?
Builders risk insurance (also known as course of construction insurance) covers buildings, materials, and labour during construction or renovation.
Coverage typically includes damage caused by fire, wind, theft, and certain weather events, helping protect your project before completion.
To understand your exact coverages, be sure to speak with your dedicated commercial insurance broker.
How much does builders risk insurance cost?
Builder’s risk insurance costs are usually based on the total value of the construction project.
Most policies range between 0.5% and 1% of the completed project value, depending on factors like project type, duration, and location.
Who pays for builders' risk insurance?
This depends on the project agreement.
In most cases, either the property owner or the general contractor purchases the policy – typically the party with financial interest in the project.
When do you need builders' risk insurance?
You need builders’ risk insurance when constructing a new building or completing major renovations.
This type of course of construction insurance is essential to have in place from the start of a project until it’s completed and ready for use.
That way, you can ensure yourself, your workers, and your projects are properly protected.
What does builders' risk insurance cover?
Builders risk insurance (also known as course of construction insurance) covers buildings, materials, and labour during construction or renovation.
Coverage typically includes damage caused by fire, wind, theft, and certain weather events, helping protect your project before completion.
To understand your exact coverages, be sure to speak with your dedicated commercial insurance broker.
Who pays for builders' risk insurance?
This depends on the project agreement.
In most cases, either the property owner or the general contractor purchases the policy – typically the party with financial interest in the project.
How much does builders risk insurance cost?
Builder’s risk insurance costs are usually based on the total value of the construction project.
Most policies range between 0.5% and 1% of the completed project value, depending on factors like project type, duration, and location.
When do you need builders' risk insurance?
You need builders’ risk insurance when constructing a new building or completing major renovations.
This type of course of construction insurance is essential to have in place from the start of a project until it’s completed and ready for use.
That way, you can ensure yourself, your workers, and your projects are properly protected.