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Build the future with confidence
Several partnerships are developed by Assur360 with specialized insurance companies. As an insurance brokerage firm, we offer solutions to the different types of risks and claims that may arise during the exercise of an entrepreneur’s activity. Whether it’s for small construction sites or larger projects and projects, general or specialized contractors working in the residential, commercial, industrial or institutional sector can benefit from complete and customized coverage. For more information, simply contact 1-866-350-9763 toll-free or request a construction insurance quote. Otherwise, if the client wishes, a broker can call him back.
All the reasons to choose Assur360
Assur360 brokers study each client’s file and determine their exact needs before offering them the appropriate coverage that meets their expectations.
In addition, the city brand to remain in constant contact with its policyholders and to communicate with them to follow the evolution of their situation and their needs in order to allow them to have sufficient coverage and that their business is well protected.
The sole boss of Assur360 is its customer, which is why the brand supports the claims of its policyholders and plays the role of negotiator and intermediary with insurance companies when necessary.
What are the basic protections for contractors?
Several guarantees are offered to contractors , starting with civil liability insurance which covers damage caused involuntarily to others, in the context of the exercise of the structure’s activities.
This coverage covers property damage, as well as the associated loss of income. Thus, in the event that the contractor works on an income property and is involved in a fire, generated by the work undertaken, he will be sued for the damage caused to others, both for the damage to the building and for the loss of rent. In this case, the contractor must make an assessment of the maximum amount of the loss and damage likely to be caused to the neighbourhood.
Third-party liability insurance also covers bodily injury and loss of use. Ensuring the safety and security of the work is done is paramount to preventing accidents and injuries to off-site workers caused by ongoing activities.
Another basic protection is required, namely builder’s risk and floating insurance for installations. This protection ensures direct damage to equipment and materials that are to be installed on a project. This applies to equipment present on the site or the project site, those that are being transported and those that are placed in other non-designated temporary places.
Additional protection offered for construction
The customization of the insurance policy is of great importance, as it must be adapted to the needs of the entrepreneur and ensure optimal coverage. Hence the need to take out additional guarantees that can improve the protection of the entrepreneur and his business.
Additional coverage includes coverage for goods handled by cranes, extended coverage for the removal of defective concrete, floating protection for tools, contractor equipment and rented equipment. There is also the protection of poor workmanship, covering the resumption of work after the appearance of a defect during the work, as well as the costs of defence. There is also the “wrap up” liability of contractors, which covers the liability of the contractors as well as their subcontractors, working on the project or site.
Other guarantees are available such as the “DIC – DID” guarantee, which offers additional and insufficient insurance coverage. As well as cyber risk coverage, covering computer intrusions and online quotes. There is also pollution insurance, which protects against damage caused by pollution associated with an unforeseen or accidental event. This coverage even includes protection against fines and penalties.
Assur360’s recommendations for construction contractor insurance
As an insurance broker with extensive expertise and experience in the field, Assur360 advises its contractor clients to carefully complete the proposal to be submitted when quoting. Such an approach allows you to have a global vision of your own habits and practices in order to gain in effectiveness and efficiency later on. It is recommended that you bring the client’s quotes with you when applying for insurance.
In the event of a claim, the insured can obtain the maximum possible compensation if he submits an annual complete inventory of his contractor’s tools and equipment supported by invoices. On the other hand, and as a preventive measure, it would be wiser to ask for a certificate of insurance from any other contractor working on the site.
Finally, it should be remembered that Assur360, as a firm specializing in damage insurance and financial services in Quebec, makes sure to support insureds in all their efforts. In fact, he deals with a large number of insurance companies operating in Canada. It has a hundred professionals who provide a quality service with efficiency and commitment to meet the needs and expectations of each insured.
