Contractors Insurance Guelph

Types of Contractors We Insure

Are you a general contractor, a subcontractor, or someone who works in a construction-related trade? If your answer to any of these questions is “Yes!”, then you’re in luck. We can help you find the right contractors insurance plan for your business. 

Here at Insurance Hero, we want you to get more out of your insurance. Our team of brokers will be able to learn about the specifics of your business, identify your unique risk exposures, and leverage our network of over a dozen insurance providers to help you find the perfect policy.

Contact us to secure some of the best and most affordable business insurance for contractors in Guelph today!

Guelph Contractors Insurance Coverage We Offer

Whether you operate primarily in residential construction, commercial construction, or both, we pride ourselves on giving Guelph-based contractors a strong selection of specialized, industry-specific coverage options. 

We understand that no two construction businesses will have exactly the same concerns. And we also know that the services you offer and the resources at your company’s disposal may all have a profound impact on your insurance needs. That’s why the insurance options we offer to Guelph-based contractors include: 

  • Builders risk insurance
  • Commercial general liability insurance
  • Commercial property insurance

Contact us to begin your contractors insurance journey today. Our award-winning team is ready and able to answer your questions.

What professions need contractor insurance in Guelph, Ontario?

The short answer to this question is that contractor insurance is essential for general contractors, independent contractors, subcontractors, and anyone who routinely works on construction sites. 

However, what a lot of people don’t realize is that contractor insurance doesn’t just apply to the companies that pour cement or oversee the build — there are plenty of other renovation and construction professionals who stand to benefit from taking out a policy. If you’re a landscaper, an HVAC specialist, or a tradesperson, you may need contractor insurance to secure projects and satisfy employers.

Not sure if contractor insurance should be on your to-do list? Contact Insurance Hero to get personalized advice on your insurance needs.

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What Is Covered By Contractor Insurance?

Commercial general liability is one of the major coverages that we offer through our contractor insurance and handyman insurance packages. But some of the other features we offer include:

  • Debris removal
  • Equipment breakdown
  • Papers and records
  • Theft-related damage

… And more!

Contact us to discuss your insurance needs. Our award-winning team is standing by!

Who Needs Contractor’s Insurance?

Anyone who is working a job at a construction site or as part of a major renovation project. 

When you’re working on a construction project, anything can happen. You never know when your equipment might give out or your worksite might be targeted by opportunistic thieves. 

Even in situations that are no one’s fault, like a severe hailstorm or a fire, the aftermath of an insured peril can still result in project delays, equipment loss, and damage to your raw materials. If you’re planning to spend time working on a major renovation or construction project, contractor’s insurance can help you protect your business and your livelihood.

What Type of Insurance Do Contractors Need?

What a lot of contractors don’t realize is that the perfect insurance policy isn’t just about what gets covered — the amount and type of coverage you get matters too. 

As working professionals ourselves, we understand how important it is for businesses to keep track of expenses. On the one hand, you don’t want to have less insurance than you need. But at the same time, you also don’t want to be overpaying for insurance when you don’t have to.

We get it.

In Ontario, commercial general liability insurance is a legal requirement. If a bystander gets injured while you’re working or if someone makes a mistake that damages a neighbour’s property, you could be taken to court and sued. Commercial general liability coverage can assist with legal fees and settlement costs up to the limit of your policy.

But in addition to your legal obligations, your contractor’s insurance needs could mean that you need to get coverage for your company vehicle or your equipment. Speak with an Insurance Hero broker to learn more about how you can get a contractors insurance policy that makes sense for your business.

How much is insurance for contractors?

This one is tough to answer! Why? Because there are multiple factors that might influence your offered insurance rate. These would include:

  • The size of your company
  • The value of your vehicles and equipment
  • Your history of making claims
  • The level of insurance coverage you’re looking for
  • The services you provide
  • Your company’s overall risk profile

Here at Insurance Hero, we know that every contracting business has its own needs and concerns. And as such, we understand that there’s no such thing as a one-size-fits-all insurance solution. 

We’ll go over the finer details and nuances of your situation because we don’t just want you to have an insurance policy — we want you to have the right insurance policy for your business. Contact us to discuss how you can protect your bottom line with contractors insurance today.

Coverage You Need to Grow Your Business.

No matter which way you slice it, it’s an exciting time to be in the business of offering construction and renovation-related services. More houses are being built, more developers are getting permits, and more residential and commercial property owners are planning renovations. Construction contractors and construction-adjacent professionals have never had more opportunities to prosper. 

Between legal insurance requirements, lender insurance requirements, and employer-established job requirements, however, the real estate industry is as competitive as it’s ever been. Contractors insurance can help you win bids and secure new job opportunities. You just need to find the right coverage for your business.

Are you ready to take your business to the next level with an expertly designed contractors insurance solution? Contact Insurance Hero! We are passionate about offering affordable contractors insurance policies to Guelph-based contractors.

Request your free contractors insurance quote today!