Ontario Contractors Insurance Option

If you’re an Ontario-based contractor, you already know that your insurance policy isn’t just a piece of paper – it could be the difference between landing high-profile jobs and being passed over for projects. And if that wasn’t motivating enough, your contractors insurance could also be your best shot at protecting the business you’ve worked so hard to build.

Despite the obvious importance of having contractors insurance, however, the insurance options available to hardworking professionals like yourself are often either:

1. Too complicated; or
2. Too limited 

At Insurance Hero, we pride ourselves on offering a wide range of specialty insurance products to Sudbury contractors. Some of the coverage features we offer include:

• Commercial general liability
• Land and water pollution cleanup
• Installation and contractor equipment floaters
• And more!

Our plans are affordable, easy to understand, and hassle-free. Request your free contractors quote today.

Contractor’s Tools and Equipment Insurance Costs

For most contractors and renovation specialists, tools and equipment are an essential part of earning a living. Whether you’re a commercial painter, an HVAC technician, or a general contractor, chances are that you own at least one or two industrial-level pieces of equipment that would be both expensive and difficult to replace.

When you’re working on a fast-moving construction or renovation project, it’s all too easy for equipment to be stolen or damaged. So from a business and risk management standpoint, insuring your tools and equipment just makes sense if you’re a contractor. 

Insurance Hero has a number of affordable coverage options that are designed to allow contractors like yourself to protect their business assets and tools. Whether you’re looking for builders risk insurance, equipment breakdown coverage, or contractors equipment floaters, we have the insurance solutions you need and then some. 

Are you looking to insure your equipment and machinery? We’ve got you covered! Contact us to learn more about how Insurance Hero can help you protect your business assets.

How much should contractors insurance cost?

This one’s difficult to answer with an exact number. Why? Because details like your service offerings, the size of your business, and your company’s risk profile can all have a surprisingly big effect on your offered insurance rate. 

But should you choose to work with us, there’s one thing that we can promise:

We’ll always recommend the most affordable price for contractors insurance that we can. Our insurance policies are designed to be both affordable and accessible. You can quite literally take that to the bank.

What is Contractors Insurance?

Contractors insurance is a commercial insurance product that has been designed with the unique needs of contractors in mind. 

Here at Insurance Hero, we understand that no two businesses will have the exact same set of concerns. That’s why we’ve taken steps to make sure that our customers have access to a full set of insurance policies and plans. 

Are you looking to insure your contracting business? Whether you’re renewing your contractors insurance or taking out a policy for the first time, we’re here for you! Request your free quote today.

Who Needs Contractor Insurance in Ontario?

The short answer is “Everyone who earns a part-time or full-time living as a contractor.”. But construction companies aren’t the only people who should have contractor insurance. If you’re a landscaper, a plumber, an electrician, a painter, a construction tradesperson, or even an interior designer, you may need to take out a policy. 

Not sure if you need contractor insurance? Let’s talk it over! Contact us to discuss your insurance needs today.

What types of coverage do contractors need?

For contractors, commercial general liability is a legal requirement. As such, you’ll find that every insurance package or quote will have some version of liability insurance. 

However, the risks to your business and your commercial assets don’t stop at personal injury claims or property damage. Your worksite could be targeted by vandals or your equipment could break down and delay the whole project. For these reasons and more, we believe that it’s essential for contractors to have insurance solutions that cater to them and their needs.

Our insurance products include debris removal, builders risk insurance, and more. Contact us to learn more about how our personalized insurance solutions can help you protect your business.

What is a contractor liable for?

Nobody likes to think about being subjected to a lawsuit. But the reality of being a contractor is that whether you’re doing commercial projects or residential ones, there’s always a chance that something could go wrong and that you might be held legally accountable.

Liability exposures will often depend on details like your role and level of responsibility. But as a general rule of thumb, contractors and construction tradespeople could find themselves in court over faulty workmanship, breach of contract, injuries to third parties, or property damage that has come about as a result of your work.

For many businesses, a lawsuit would have a negative effect on short-term and long-term cash flow. But with a thoughtfully constructed policy, you may be covered for legal costs and judgment amounts. 

If you’re wondering about your liability exposures and you’re looking to protect your business, then you’ve come to the right place! Contact us to get in touch with one of our experienced insurance brokers.

Explore Insurance Costs for Your Business

Insurance may be an essential part of your risk management strategy. But at the end of the day, every business owner has to keep an eye on their expenses.

We get it.

That’s why we’ve made it a priority to make our insurance process is accessible, transparent, and easy to use. Your insurance advisor will be able to discuss the circumstances facing your business and our award-winning team will offer you the best price possible for your business insurance. 

You’ve worked hard to build up your business. We have the specialized contractors insurance solutions that you need to protect your company and your livelihood. 

Contact us, or better yet, request your free, no-obligation contractors insurance quote today!