Overview
Bond claims are often preventable Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Overview Strong project management and financial discipline reduce claim risk. Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Best practices to avoid claims Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Common Losses
• Accurate bidding and cost control • Clear subcontractor agreements • Regular project monitoring • Early communication with sureties • Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies.
Why prevention matters
Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Core Coverages Bond claims impact future bonding capacity and reputation. Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Talk to Boardwalk
Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
Choosing Limits
We help contractors build bonding programs that support long-term growth. Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss. Hold‑harmless and indemnification clauses in subcontract agreements need to align with your insurance policy's contractual liability provisions. Completed operations liability can remain for years after a project is finished, so limits should account for long‑tail exposures and potential defects.
