Build With Confidence, Insure With A-Kan
All projects have their risk, but with the right contractors and construction insurance in Edmonton, Alberta, you can focus on building.
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Contractors & Construction Insurance in Edmonton, Alberta
Alberta’s construction industry is among Canada’s fastest growing and contributes more than 8% of the province’s GDP, generally employing over 250,000 employees. However, with opportunity comes risk: Increasing material prices, lack of skilled labour, extreme weather, as well as increased compliance regulations are making it more challenging for contractors to be able to contract the project without the right protection.
At A-Kan Insurance, we help build custom insurance solutions for contractors and construction businesses in Alberta, Edmonton. Our goal is straightforward – protecting your business.
Coverage for Contractors and Construction Companies
We’re partnered with Canada’s leading insurance companies to develop the correct type of policies to cover the unique risks associated with your industry. Generally speaking, your coverages may include:
Builder's Risk Insurance
Covers materials, buildings and equipment while physical construction is taking place.
Commercial General Liability
Protects contractors against third party claims for bodily injury or damage to property
Wrap-Up Liability Insurance
Covers all contractors and subcontractors on a construction site under one liability policy.
Tools & Equipment Insurance
Protects your tools and equipment in the event of theft or damage.
Commercial Auto Insurance
Protects your vehicles when you are transporting crews and equipment.
Business Interruption
Will replace lost income if your projects are delayed by covered events.
Why Contractors Require Specialized Insurance?
Construction is not like other industries. Unlike other industries with little moving parts, construction use dynamic high value equipment, moving timelines, subconstruction contracts and dangerous job sites. One incident, whether being an injury on-site, stolen tools, or delays in a project, can create huge setbacks, financially for builders.
This is why Contractor Insurance Edmonton is not just a ‘check box’ but a proprioception for your reputation, your projects, and your net worth.
How much does contractor insurance in Edmonton cost?
Contractors and construction business liability insurance costs depend on:
- Type of projects (residential, commercial, industrial)
- Annual gross revenue and payroll
- Type and value of tools, equipment and vehicles you have
- Number of subcontractors you hire
- Past safety and claims history
In general, a small contractor can expect to pay $1,500β$5,000 per year. However, larger construction businesses may require higher limits for their policies. At A-Kan we would not just search for the cheapest quote. We take the time to compare all proposals to give you the best combination of coverage for the cost.
Why Select A-Kan Insurance?
Local Expertise
We have the right knowledge of risks faced by businesses across Edmonton, Alberta.
Independent Broker
We compare and get you different policies from Canada's best insurers.
Customized Coverage
Our coverage is engineered specifically for your trade and size of project.
Claim Support
We support you when you need us most and not just when you buy the policy.
Get a Quote Today
Fill out our quick form, and one of our experienced brokers will get back to you with personalized auto insurance options that fit your needs and budget.
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FAQs
Contractors & Construction Insurance
Yes. Many general contractors will require proof of liability coverage and equipment coverage before you can be hired.
While this is not sometimes legally required, this insurance is sometimes required by project owners and lenders in the contract.
Yes. Many contractors save money when bundling their liability insurance, auto insurance, and equipment coverage together.
General Liability Insurance only protects your business as an entity, while Wrap-Up Liability Insurance generally protects all contractors and subcontractors participating on the project.
