Insurance for Builder Contracting

Helping Businesses in Ottawa with Insurance Coverage

Builder’s Risk or Course of Construction – This coverage is intended to cover loss against damage to buildings during the course of the construction. It is available for the building owner and/or the contractor. This means it is a protection against damage at the construction site.

It includes:

Broad form coverage

Residential risk

New construction

Renovation

Additions

Projects in progress

Earthquake

Flood

Theft

Vandalism

Transit

Offsite storage

CGL available

When this policy is issued, it is calculated on the selling price of the home or building, less the cost of the land. A builder can add a reasonable amount to cover the loss of any profit.