At Sutherland Insurance, we tailor contractors insurance policies to meet the unique needs of businesses in a wide range of industries.

Our experienced team works with a wide range of insurance markets to provide the best protection at affordable rates. We proudly serve contractors of all sizes — from small operations to companies with over $200M in annual revenue.

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What Is Contractors Insurance?

Contractors insurance refers to a comprehensive range of insurance policies specifically designed to protect contractors against the numerous risks and liabilities that come with operating a construction or contracting business. 

Whether you’re a solo contractor or running a large construction company, the right insurance coverage can help protect you from financial loss and give you peace of mind.

What Does Contractors Insurance Cover?

Our contractors insurance packages offer a wide array of coverage options tailored so they can meet the specific needs of your business:

  • Tools / Equipment / Stock / Tenant Improvements & Building: Protects your essential tools, equipment, inventory, and any improvements made to rented spaces.
  • Business Interruption: Covers loss of income and helps retain key employees if your business operations are disrupted.
  • Crime Insurance: Provides protection against theft by employees, whether from your business or your customers.
  • Installation Floater: Covers renovations of an existing building, ensuring your investment is protected.
  • Builders Risk: Offers coverage for new construction projects, whether residential or commercial.
  • General Liability: Ranges from $1,000,000 to $25,000,000, providing crucial protection against claims of bodily injury, property damage, and more.
  • Umbrella Liability Insurance: Extends coverage up to $50,000,000, offering additional protection beyond your standard policy limits.
  • Surety Bonds: Includes performance, labor, and materials bonds, ensuring you meet contractual obligations.
  • Commercial Auto Insurance: Covers trucks owned by you or your company, including those used on U.S. sites.

Do You Need Contractor Insurance?

Depending on the type of work you do and who you’re hired by, you may be required to carry insurance. Especially if you work with the government or other service organizations. 

Even if you’re working for another privately owned company, they may require all contractors working on a job site to have proof of insurance. Having a policy in place means your business property and employees are protected, not to mention helps you stay competitive when applying for work. 

Types of Contractors We Insure

Our contractors insurance policies cater to a diverse range of contractor types, including but not limited to:

  • Roofing Contractors: Protecting against the high-risk nature of roofing work.
  • Renovation Contractors: Coverage for those who specialize in home and commercial renovations.
  • Painting Contractors: Ensuring that painting professionals are protected from potential liabilities.
  • HVAC Contractors: Insurance for heating, ventilation, and air conditioning professionals.
  • Plumbing Contractors: Comprehensive coverage for plumbers dealing with residential and commercial projects.

How Much Is Liability Insurance for a Contractor?

Every business is different, which means the cost for your insurance premiums will also vary. Contractor insurance is designed to take into account the unique aspects of your business and provide coverage for it. These are things that can affect the cost of your policy:

  • The type of work you do
  • Location of your business 
  • Number and type of assets
  • Type of equipment you use
  • How many vehicles you have
  • Your insurance claims history
  • Years of experience in your industry
  • The number of employees you have

Whether you’re a roofing contractor, HVAC specialist, or a general contractor, our team is here to ensure you have the comprehensive coverage you need. Contact us today to get a personalized quote and secure your business with the best contractors insurance available.

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Frequently Asked Questions

Does a contractor need insurance in Ontario?

Anyone working in construction or a related trade should strongly consider contractor insurance. It protects you and your company from financial losses or potential lawsuits should the worst happen on a job site.

How much is contractor insurance?

Contractor insurance is complicated, and every policy is unique to the company it insures. The best way to save on your policy is to talk to a broker who has experience with multiple insurance companies to help you find the best coverage for an affordable price.

Do independent contractors need insurance?

Yes, independent contractors should also carry insurance. Many of the same risks that apply to larger companies — such as professional liability and business interruptions — also impact independent contractors. The good news is that independent contractors policies are often very affordable since they often have fewer assets to protect.

Are subcontractors covered under contractors insurance?

No, not all contractors have policies that cover subcontractors. Subcontractor coverage depends on the type of insurance and their coverage limits, but it’s smart to have your own policy in place to ensure your business is protected.

What is not covered by contractors insurance?

Our insurance policies cover a wide range of businesses, so there is no one answer to what contractors insurance does or doesn’t cover. But in general, our policies do not cover things such as illegal or fraudulent activity, work performed outside of your policy’s effective dates, and punitive damages resulting from a lawsuit against you.