Insurance and bonding decide what work you can win 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 Many contractors lose bids not because of price, but because their certificates, limits, or bonding capacity do not match tender requirements. A clean, consistent program is a growth tool. 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.
The insurance foundation 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 • Commercial general liability with limits aligned to your typical contracts and completed operations • Tools and equipment coverage for owned and rented items across sites and storage • Commercial auto for vehicles used to transport tools, materials, and crews • Course of construction coordination when you carry responsibility for materials or work in progress • Umbrella liability when owners require higher limits
Bonding basics 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 • Bid bond supports your tender and shows financial credibility • Performance bond assures completion under the contract • Payment bond protects subcontractors and suppliers • 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.
What owners and GCs expect 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 • Certificates issued quickly and accurately, with correct names and wording • Additional insured and waiver of subrogation requirements handled properly • Proof of WSIB status where required • Subcontractor compliance process that you can enforce • Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies.
FAQ 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.
Underwriting Tips **Do I need bonding for private jobs?** Sometimes. Larger private projects often mirror public tender requirements, especially when lenders or sophisticated owners are involved. **Is there anything else I should know?** Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. **Is there anything else I should know?** Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss.
FAQs **What is the fastest way to improve bid readiness?** Standardize your insurance and certificate workflow and keep financial reporting ready for bonding requests. **Is there anything else I should know?** Canadian construction contracts often stipulate wrap‑up liability coverage and require contractors to coordinate with project‑specific builders risk policies. **Is there anything else I should know?** Municipal permitting and provincial building code compliance can influence insurance terms, as non‑conformity may void coverage in the event of a loss.
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.
Working with Partners If you want your program built for tender requirements, we can structure insurance and bonding support around the kind of work you want to win. 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.
