What most contractors miss
The biggest losses are rarely just the damaged tools or the repair bill. They are the delays, the contract disputes, and the jobs you cannot bid because your certificates and limits do not match what owners require.
Core coverages to have in place
• Commercial general liability sized for your contract requirements and completed operations exposure • Course of construction coverage coordinated with the owner and GC so there are no gaps during the build • Tools and equipment coverage that follows your gear across job sites and storage locations • Commercial auto that reflects how vehicles are actually used, including hauling and job site access • WSIB registration and compliance workflow if you have employees or are required by project rules • Umbrella liability when your projects, property values, or contracts demand higher limits • Bonding readiness for bids, performance, and payment where tenders require it
How to choose limits without guessing
• Start with the largest contract you want to win and build limits to match owner requirements • Account for completed operations because many construction claims appear after turnover • Match deductibles to cash flow so a loss does not become a financing problem • Review subcontractor compliance and additional insured wording before a claim happens
Practical steps that improve underwriting terms
• Document safety training and toolbox talks with dates and attendance • Keep maintenance logs for critical equipment and fleet units • Use site security controls that reduce theft and vandalism exposure • Maintain a clean claims reporting process with photos and incident notes
FAQ
**Do I need builders risk if the owner has it?** Sometimes yes. It depends on who is responsible for materials, work in progress, and contract terms. Coordination matters more than the label.
**Why do owners ask for higher limits than I want to buy?** They are protecting the project and their own balance sheet. Limits are often tied to property value and the potential severity of one loss.
Talk to Boardwalk
If you want a fast review of your current program, we can compare your limits and wording against typical Ontario project requirements and show you where gaps may exist.