Operating a construction company in Canada requires a comprehensive commercial insurance portfolio tailored to mitigate heavy industry risks. Essential coverages include Commercial General Liability (CGL) insurance to protect against third-party bodily injury and property damage claims on active job sites. Additionally, construction firms require commercial auto insurance for company work trucks, contractor's equipment floaters to cover expensive stolen or damaged tools, installation floaters, and builder's risk insurance to protect structures under construction against weather or fire losses.
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