How much does Mississauga contractor insurance cost?
This question can be difficult to answer. Why? Because there are multiple factors that can influence your insurance costs. These would include:
- The size of your company
- The services you offer
- The value of your equipment and/or commercial vehicle
Different contracting companies may be offered vastly different quotes. But no matter what, our team will always look for the best prices available.
As working professionals ourselves, we understand how important it is for contractors and construction companies to keep track of costs. For these reasons and more, our brokers will always make sure that you get the coverage you need at the best prices possible.
What Does Contractor Insurance Cover in Mississauga?
In Ontario, contractors are required to carry commercial general liability insurance. No Mississauga-based insurance package is complete without that foundational coverage.
Even so, however, construction tradespeople and contractors can customize their insurance policies even further. At Insurance Hero, for instance, our contractors insurance options include:
- Debris removal
- Equipment breakdown
- Builders risk
- Water and land pollution cleanup
- And more!
Not sure if your insurance needs are covered? We can help! Contact us to learn more about the contractor insurance solutions we offer.
Who Should Have Contractor Insurance?
In practice, anyone who works as a general contractor, construction tradesperson, or independent contractor should consider taking out an insurance policy.
What is Contractors Insurance?
Contractors insurance is best described as business insurance for people who provide contracting services.
You never know when a bystander might be seriously hurt while on the job site. And there’s no way to know if your next project is going to be the one where your equipment finally decides to call it quits. The right contractors insurance policy allows you to be prepared for the unthinkable.
What kind of insurance should a general contractor have?
Commercial general liability insurance is legally required. The major benefit of this coverage option is that you can get help with legal costs and damages if you’re forced to defend yourself against a negligence or personal injury claim.
However, additional coverages worth having include builders risk insurance, equipment breakdown insurance, and installation floaters among other costs. Whether you work in residential construction, commercial construction, or both, it pays to have a robust insurance policy that suits your risk profile.
Finding the Right Contractors Insurance
Whether you’re a general contractor or a tradesperson, it goes without saying that every job has its own unique challenges. The blueprints that worked for one client may not work for another. And the tools, equipment, and subcontractors you need can vary from one project to the next. As such, it’s important that your insurance policy is put together with the needs of your business in mind.
That’s where we come in.
Here at Insurance Hero, we pride ourselves on offering Mississauga-based contractors and tradespeople a range of industry-specific coverages. We have a large network of insurance providers. We have an award-winning team of experienced brokers on standby. And we’ll stop at nothing to make sure that you find the perfect contractors insurance policy for your business.
Ready to take out contractors insurance for your business? We’re here to help! Contact us to begin your insurance journey today.