For contractors in Ontario—whether in Mississauga, Brampton, or elsewhere—Commercial General Liability (CGL) insurance is essential. Construction carries high risks where accidents often happen despite safety measures.
Here’s why contractors need CGL:
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Contract Requirements – Most clients, municipalities, and project owners demand proof of CGL before they award a job. Without insurance, you cannot sign the contract.
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On-Site Accidents – Job sites bring constant risks. For example, dropping a tool on a homeowner’s car can lead to expensive claims.
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Completed Operations – Even after you finish work, liability doesn’t end. Faulty wiring, plumbing leaks, or structural issues discovered months later can trigger lawsuits.
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Protection for Subcontractors – When you hire subcontractors, you often remain liable for their mistakes. With CGL, you transfer those risks to the insurer.
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Professional Credibility – Carrying insurance shows professionalism and responsibility, giving clients confidence in your services.
Moreover, for contractors, a single claim can cause financial ruin without proper coverage. For instance, a Brampton roofing contractor who damages neighboring property during a job could face costs far beyond personal savings. With CGL, the insurer pays for those damages instead of you.
Additionally, a Mississauga or Brampton insurance broker specializing in contractor’s insurance helps you meet client requirements, select adequate coverage limits, and add protection for completed operations. By consulting a broker, you gain guidance on the right policy structure and avoid gaps that could cost you thousands later.
