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Home Builder Insurance
Building new homes means managing serious risk. From the foundation pour to final inspection, one fire, theft, or liability claim can derail your project and your business. Home builder insurance covers your construction projects, your tools, and your liability in Mississauga, Ontario, and across Canada.
$2M+
Liability Limits
24/7
Claims Support
$5M+
Builder's Risk
15+
Years Experience
New Construction Coverage
What is Home Builder Insurance?
Home builder insurance is a package of coverages designed for contractors who build new residential homes, protecting against construction risks from groundbreaking to final sale.
Why Home Builders in Ontario Need Insurance
New home construction creates substantial liability and property exposure. You're building structures worth millions of dollars, coordinating multiple trades, and responsible for work that affects the safety and financial investment of your buyers. In Mississauga and across Ontario, lenders, developers, and lot owners require builders to carry proper insurance before construction begins.
- Fire, theft, and weather damage to homes under construction
- Job site injuries to workers, subcontractors, and visitors
- Damage to neighbouring properties during construction
- Structural defects discovered after the home is sold
- Tool and equipment theft from active job sites
- Legal defense costs for lawsuits and warranty claims
Builder's Risk is Essential
Builder's risk insurance protects the structure during construction. Without it, a fire or major storm could destroy months of work and materials with no coverage. Most lenders require builder's risk before releasing construction draws, and it's typically required until the home is sold or occupied.
Complete Coverage
What Does Home Builder Insurance Cover?
Full protection for new home construction, from liability to the structure itself.
Built For Builders
Who Needs Home Builder Insurance in Ontario?
From custom home builders to production builders, insurance protects your business and satisfies lender requirements.
Custom Home Builders
Builders constructing one-off custom homes on client-owned lots in Mississauga and surrounding areas.
Production Home Builders
Builders developing multiple homes in subdivisions and planned communities across Ontario.
Spec Home Builders
Builders constructing homes on spec for sale upon completion, taking on full construction risk.
Infill & Lot Developers
Builders developing infill lots in established neighbourhoods with new single-family or semi-detached homes.
General Contractors (New Build)
GCs managing new home construction, coordinating all trades from foundation to finishing.
Townhouse & Semi Builders
Builders specializing in townhouse complexes, semi-detached homes, and multi-unit residential projects.
Quick Turnaround Quotes • Compare Top Carriers
Get Home Builder Insurance Quotes in Mississauga
Compare rates from top Canadian insurers. Fast quotes, contract-ready certificates, and coverage designed for new home construction.
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30+ Carriers
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Fast Quotes
Know Your Risks
Common Home Builder Insurance Claims
New home construction creates significant exposure. These are the claim scenarios builders deal with most often.
Fire During Construction
Framing and rough-in stages are particularly vulnerable to fire from hot work, electrical faults, and careless smoking.
Example: A fire starts during framing, destroying $250,000 in materials and work, requiring complete rebuild.
Weather Damage
Before the building envelope is complete, homes are exposed to rain, wind, and storm damage.
Example: A storm hits before the roof is complete, causing $80,000 in water damage to framing and subfloor.
Job Site Injuries
Construction sites have significant injury exposure for workers, subcontractors, and anyone who enters the site.
Example: A supplier trips on debris while delivering materials and breaks their ankle, filing a $45,000 claim.
Theft & Vandalism
Unoccupied construction sites are targets for theft of materials, appliances, and copper, plus vandalism.
Example: Thieves steal $35,000 worth of appliances, HVAC equipment, and copper wiring overnight.
Structural Defects
Foundation issues, framing defects, and water intrusion problems may surface months or years after the buyer moves in.
Example: A basement foundation cracks 2 years after completion, requiring $60,000 in repairs and triggering a warranty claim.
Damage to Neighbouring Property
Construction activity can damage neighbouring homes, landscaping, driveways, and underground utilities.
Example: Excavation work damages the foundation of an adjacent home, resulting in a $120,000 claim.
Simple Process
How to Get Home Builder Insurance
Get covered in three simple steps.
1
Request a Quote
Tell us about your building operation: number of homes per year, average values, and subcontractor use.
2
Compare Options
We shop multiple insurers to find coverage that meets lender requirements at competitive rates.
3
Get Your Certificate
Purchase coverage and receive certificates quickly for lenders and lot owners.
Get Answers
Home Builder Insurance FAQs
Home builder insurance in Ontario typically costs $2,000 to $6,000+ per year for CGL depending on revenue, number of homes built annually, and subcontractor use. Builder's risk is priced separately per project, typically 1-4% of the home's construction value. Builders doing multiple homes per year often qualify for annual builder's risk policies.
Builder's risk insurance covers homes under construction against damage from fire, theft, vandalism, and certain weather events. It protects the structure, materials, and fixtures from groundbreaking until the home is completed and occupied or sold. Coverage typically ends when the home sells or at a specified completion date.
Yes, most home builders need both. CGL covers your liability to third parties, such as someone injured on site or damage to neighbouring property. Builder's risk covers the home itself during construction. Lenders typically require proof of both before releasing construction financing, and many lot purchase agreements require builder's risk.
As the general contractor, you may be held liable for subcontractor work even if they have their own insurance. Best practice is to require certificates of insurance from all subcontractors, verify their coverage meets your standards, and consider being named as additional insured on their policies. Wrap-up programs can cover all trades under one policy for larger projects.
Completed operations coverage protects you against claims arising from work after the home is sold and occupied. Structural defects, water intrusion, and construction issues may not appear until months or years after completion. This coverage is typically included in CGL and is essential for home builders. Claims often arise long after the buyer moves in.
At Boardwalk Insurance, we can often issue certificates of insurance the same day or next business day once your policy is bound. This helps builders meet lender requirements, satisfy lot owners, and start construction quickly. If you need certificates naming specific additional insureds, let us know and we'll coordinate with the insurer.
Get Home Builder Coverage That Protects Your Projects
CGL, builder's risk, and contract-ready certificates for home builders in Mississauga and across Canada. Across Canada
Why Boardwalk Insurance
Competitive Insurance Rates
Access to multiple A-rated carriers means better pricing and coverage options for Mississauga businesses
Quick Quote Turnaround
Get insurance quotes fast with same-day response and coverage when your business needs it most
Claims Support & Advocacy
We advocate for you throughout the entire insurance claims process — your success is our priority
