Construction insurance is coverage that provides compensation for losses or damages incurred during the course of construction of a building. A construction insurance policy typically encompasses several types of coverage, such as a builders risk insurance and commercial general liability, to name a few.

A construction insurance policy serves several important purposes, including risk mitigation by providing financial protection for losses, meeting legal requirements, giving financial protection, adhering to client and contractual obligations, and delivering peace of mind, knowing your business is adequately covered.

The cost of construction insurance in Ontario or other locations in Canada can vary greatly depending on the type of coverage your business requires, the scope and location of the project, your experience, and your claim history. That's why it's imperative to work with an experienced insurance broker specializing in construction insurance. The Buildsure team of brokers will assess your needs and risks and provide a comprehensive policy tailored to you.