Why Get Contractor’s Insurance? Contractors today face many obstacles in their business. Trade specific insurance policies not only protect your business from financial losses but provide further opportunities for business. Get Free QuoteContractor’s Insurance Claims Examples Property CoverageIncident: A thief steals $10,000 worth of tools from your trailer at a jobsite. Result: Your Tool Floater coverage provides coverage for the lost tools so you can continue to work without delays. Installation Floater CoverageIncident: You are hired to frame houses on a housing development project. Overnight a fire burns the materials left on the jobsite resulting in $100,000 in lost materials. Result: Your installation floater coverage reimburses the cost of the lost materials so that you can resume work. Product LiabilityIncident: As a plumber you are hired to fix some broken pipes in a client’s condo. After fixing the pipes your client discovers that the pipe has been leaking and has damaged their flooring and leaked to the unit below resulting in $50,000 in damages. Result: Customer sues you for property damage and your product liability coverage pays for the damages and legal expenses. Get Free QuoteGet Free QuoteContractor’s Insurance, Explained Who needs contractor’s insurance?All contractors or businesses that provide contracting services. From sole proprietors to national construction companies all contractors should protect their business with contractors insurance. Why do contractors need insurance?Contractors today face many obstacles in their business. Trade specific insurance policies not only protect your business from financial losses but provide further opportunities for business. Clients often require their contractors to carry insurance to protect themselves should a contractor fail to perform and to guarantee contracting materials. What does contractor’s insurance cover? Property Coverage – Can be broken down into more specific coverages however in general will insure property and contents that you own. Examples can be tools, equipment, leased/rented equipment, etc. Business Interruption – Protects your business from financial instability by covering lost income in the event of a covered loss. Commercial General Liability – Protects you against third party claims of property damage or bodily injury that may occur at a job site or your own location. Products & Completed Operations Liability – Protects you against third party claims of property damage or bodily injury that may occur after you have already completed your project or service. Installation floater – Protects the materials used during installation or construction. Full List of Business Insurance Types General Liability InsuranceProfessional Liability InsuranceCommercial Auto InsuranceCommercial Property InsuranceBuilder’s Risk InsuranceWhy Choose Pacific Insurance? Our staff are trained Registered Insurance Brokers of Ontario (RIBO) which is the self-regulatory body for insurance brokers in Ontario. We have been regularly featured in the media as insurance experts and asked to speak at events like the ‘CRV Radio International’. 1 on 1 Service Speak directly with an expert instead of dealing with a faceless call centre. 40+ Years in Business We provide the results of a large agency while giving you the agility and service level of a boutique agency Fluent in Many Languages Speak to our brokers in English, Cantonese, Mandarin, French, Korean, or Hebrew. Get Free QuoteGet Free QuotePartnerships with over 50 leading Canadian insurance providers Pacific Insurance Reviews I was having trouble insuring my Muskoka cottage because my primary location was in the United States. I contacted Pacific Insurance and they were able to save me over 30% on my premium and get my cottage insured properly on very short notice.– Dimitri BToronto, ONHome InsuranceI have been with Pacific Insurance for over 27 years and we have a longstanding relationship. They always stay up to date with my family’s insurance needs and keep me informed.– Eva LMarkham, ONLife Insurance Pacific Insurance is amazing! Their service to get my home Insurance set up was extremely quick and efficient! Samantha helped me out and was very sweet. I highly recommend going to them for a no stress experience!– Chanakya UToronto, ONHome InsuranceWe’ve been using Pacific Insurance for years. They provide insurance for all our locations. They’re really great to deal with, even when we leave things to the last minute and need them to finalize same day coverage. Great people!– Natalie GToronto, ONOffice InsuranceFound Pacific Insurance searching for car insurance. I called in and spoke with Alice. She was very polite and knowledgeable. She provided me with professional advice on what types of coverages would best fit for me. I would highly recommend this brokerage. It was a pleasure to deal with their team. – Alex PToronto, ONAuto Insurance