There are many types of insurance coverage and policies for home builders in Ontario to protect the value of a property being constructed or altered and even certain extra costs after an insured claim.
Insurance coverage for legal liability to others resulting from incidents during construction is also available.
Professional home builders insurance is important for any business building a dwelling or doing significant renovations.
Professional home builders insurance will provide commercial general liability coverage, and coverage for equipment, tools, and supplies. Depending on the policy you choose, subcontractors may require their own policy.
Business owners, builders, contractors, renovators, remodelers, or those doing a ‘flip’ need professional home builders insurance to cover the property and help protect their finances.
This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.