Contractors operating in Ontario should carry a comprehensive commercial insurance portfolio tailored to their trade, most notably Commercial General Liability (CGL) insurance to protect against third-party bodily injury and property damage claims. Additionally, contractors frequently require commercial vehicle insurance for work trucks, tools and equipment floaters to cover stolen or damaged gear on job sites, installation floaters, and builder's risk insurance for active construction projects. Subcontractors and independent tradespeople should also verify if Workers' Safety and Insurance Board (WSIB) coverage is mandatory for their specific trade operations.
1 votes
Marked as accepted