How much does insurance cost for construction and contracting businesses?

| September 24, 2019

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Many variables contribute to the cost of construction business insurance, including your type of work and where you operate. Cost estimates are sourced from policies purchased by Insureon customers. Construction and contracting businesses pay a median premium of less than $70 per month, or $825 per year, for general liability insurance. This policy provides protection for third-party bodily injuries and property damage, along with advertising injuries.

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Workplace Safety and Insurance Board

With a vision to become the leading workplace compensation board, the Workplace Safety and Insurance Board (WSIB) provides no-fault insurance and compensation for Ontarians in the event of a workplace injury or illness. We are committed to delivering what matters: fast, accessible service and fair benefits at a fair price.

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Article | April 10, 2020

With the major impact of the COVID-19 outbreak, contractors appreciate the need for insurance coverage even more. You may be safely covered by Force Majeure and pandemic clauses in your policies. However, you may still be wondering how to deal with the associated costs related to the COVID-19 outbreak risks. In this article, let’s look at some of the steps you can take to handle your insurance position during the pandemic.

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Spotlight

Workplace Safety and Insurance Board

With a vision to become the leading workplace compensation board, the Workplace Safety and Insurance Board (WSIB) provides no-fault insurance and compensation for Ontarians in the event of a workplace injury or illness. We are committed to delivering what matters: fast, accessible service and fair benefits at a fair price.

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