Construction insurance in Canada

The cost for a general contractor liability insurance policy can range from $1,000 per year for a one-person operation to millions of dollars for a large company like Pomerleau or Broccolini. The cost of your construction insurance policy depends on your annual revenue, your claims history and experience in the field.

This is also referred to as “builder’s risk” insurance and it covers any project during the course of construction. It will cover your labour, cost of materials and construction material in transit.

Yes, we offer bid bonds for bigger projects through Intact Insurance. If a bid bond is required for a project, we require your financial statements and that your company is in good financial standing.

Yes, of course we do! The easiest way to get a quote online is to click the quote link on this page, answer the 10 questions, and then revise everything with one of our brokers. The process is quick and simple.

They are not included automatically, but you can purchase the coverage as an add-on. If you have $10,000 in tools you can expect to pay between $250-300 per year.

You can receive a quote by filling out our online form on our partner website, Intact Insurance, or you can call any general contractor insurance company in Canada (like KBD). Quotes usually take between 10-15 minutes to complete.

Every general contractor in Quebec requires an RBQ bond if they wish to work in a specific trade or sector. You can purchase a bond from insurance companies like Intact, Unique and Promutuel. These are all “broker companies” which means in order to purchase the RBQ product, you’ll need to go through a general contractor commercial insurance broker like KBD.

Yes, we offer performance bonds through Intact Insurance. This product also requires a copy of your most recent financial statements.

Some construction companies and general contractors only require general liability while others want full protection. Here is the extensive list of what’s covered on a GC insurance policy:

• Construction liability insurance
• Office contents
• Builder’s risk
• Installation floater
• Tool floater
• Automobile/truck

• Increase your deductible.
• Avoid making small claims.
• Educate your employees on risk management and workplace safety.
• Shop your insurance every few years.