Contractors and tradespeople face unique risks every day, from property damage and injuries to legal expenses and theft. Without the right contractor insurance, a single claim could cost thousands and put your business at risk.
Contractor insurance protects your business, tools, employees, and reputation. Whether you’re a general contractor, subcontractor, or independent contractor, having the right coverage helps you stay protected and win more jobs. Many clients even require proof of contractor liability insurance before work can begin.
At Morison Insurance, our brokers specialize in contractor insurance in Ontario. We compare quotes from leading insurers to find you the best protection at a competitive price, so you can focus on building your business with confidence.
Contractor insurance is a type of business insurance designed for contractors. It typically includes:
Depending on your trade, additional coverage may be required. For example, an electrician’s contractor insurance policy may differ significantly from HVAC contractor insurance or flooring contractor insurance. Every contractor has unique risks, which is why it’s important to get a customized contractor business insurance policy.
Any professional who performs construction, repair, or renovation services should carry contractor insurance. This includes:
If you are unsure which coverage you need, our brokers will help build a contractor insurance policy tailored to your trade.
Contractor insurance is not legally required in Ontario. However, many clients and project owners require proof of coverage before work can start. Without contractor liability insurance or general contractor liability insurance, you may be ineligible for contracts and exposed to financial risk.
Even a small claim, like property damage or bodily injury, can be financially devastating. Having contractor insurance in place protects your business and keeps doors open to more opportunities.
Contractor insurance in Ontario can be tailored to your trade, business size, and risks. Key coverages include:
Each contractor’s needs differ. Morison Insurance brokers will help design a policy that fits your trade, no matter what type of business you run as a contractor.
Contractor insurance does not cover every situation possible. There are times when even someone with proper insurance will not be able to get coverage for an incident. These include:
Please note that these are not the only instances when an Ontario contractor insurance policy may not fully protect someone. If you would like to know which situations you are covered for or have hypothetical questions, it is best to speak with your Morison Insurance broker to find out more.
If you hire subcontractors, ensure they have their own subcontractor insurance in place. As a general contractor, you can be held responsible for their mistakes or damages on your job site. Always request a Certificate of Insurance and ask to be added as an Additional Insured.
If you’re a subcontractor, independent contractor insurance protects you from liability and ensures you can secure contracts with general contractors. Without proof of coverage, you could lose out on valuable work.
Contractor insurance cost varies depending on your trade, coverage needs, and risk factors. On average, general contractor insurance costs in Ontario can range between $650- $2,500 annually, but exact premiums depend on:
The best way to know your contractor insurance cost is to compare quotes. Our brokers shop the market to find the best coverage for the right price.
You can reduce your contractor insurance premium by:
Ask our brokers about discounts and strategies to keep your contractor liability insurance affordable.
Protect your business, employees, and reputation with the right contractor insurance. Whether you’re a general contractor, subcontractor, or independent contractor, we’ll build coverage that fits your trade.
At Morison Insurance, you’ll get:
Don’t risk paying out of pocket or losing contracts. Call 1-800-463-8074 or complete the form on this page to receive your contractor insurance quote today.
Yes. Contractor business insurance can be customized to include multiple trades or subcontractors. General contractors often require subcontractors to carry their own insurance and may be added as an Additional Insured on their policies to ensure complete coverage across the project.
While not legally required, many clients and project owners demand proof of contractor liability insurance before awarding contracts. Having coverage can increase your opportunities and protect your business from unexpected claims.
Contractor insurance cost depends on trade, experience, business size, claims history, coverage limits, number of employees or subcontractors, and use of business vehicles or equipment. Comparing multiple quotes helps ensure you get the right coverage at a competitive price.
