contractor
Insurance
what is contractor
insurance?
Contractor insurance protects against the specific risks associated with contracting trades, such as third party injury or property damage and equipment theft.
Even a small mistake could result in a lawsuit or loss, so Tradition Mutual Insurance offers competitive rates and coverages that will give you peace of mind.
Get a quick and easy quote today!
what does contractor
insurance cover?
who needs contractor
insurance?
what is the cost of contractor
insurance?
The most common types of insurance policies for contractors are:
Commerical General Liability Insurance (CGL)
CGL provides liability protection in case of lawsuits arising from bodily injury or property damage.
Equipment and Tools Insurance:
Coverage for your tools and equipment, the property of others in your care, and transportable business tools from loss, damage and theft.
If you are a individual or business providing contracting services in the province of Ontario, you should get a comprehensive insurance policy that covers your tools, legal expenses, and liability for property damage and bodily injury coverage.
Not only will a CGL policy protect you in the case of a loss or legal battle, but it is also required by many clients and general contractors subcontracting out work.
Tradition Mutual Insurance offers competitive contractor packages to fit your needs and ensure that you and your business is adequately covered.
For a CGL policy with $2,000,000 liability coverage, our base premium starts at only $725/year.
what professions need contractor insurance?
Frequently asked questions
General Contractor Insurance Questions
What is contractor insurance?
If you are wondering what contractor insurance is- it can be simply described as commercial liability protection in case of lawsuits arising from bodily injury or property damage. A contractor insurance policy is a commercial liability insurance product that provides protection in the event of damages or losses resulting from negligence or faulty installation within a residential or commercial premises.
If you would like Kyle Wijnands to determine how our insurance products can meet your needs, give him a call at 519-393-3246.
If I am an independent contractor, do I still need insurance?
Many independent contractors such as framers, carpenters and drywallers mistakenly believe that they do not need insurance. However, as an independent contractor you still engages in a level of risk each and every time you do work in a client’s home. Something can always go wrong and a small mistake can cost thousands of dollars. With that being said, one shouldn't wait to get appliance repair and installation liability insurance. Get it as soon as you can.
What is business interruption insurance?
Business interruption insurance covers you the contractor for loss of income from the business as a result of an insured loss. There are several farm interruption insurance packages a farmer can chose from:
Actual loss sustained- This covers you for your business interruption losses for the actual lost income that you have incurred. This coverage does not cover your gross receipts, but takes those into account and removes variable expenses that you do not occur after a loss.
Earnings & extra expense- This covers you for gross earnings and extra expense as a result of an insured loss. Earnings means net profit plus payroll expense taxes interest rents and all other operating expenses earned by the insured
business.
Extra Expense is defined as the excess of the total cost of conducting business activities during the period of restoration over and above the cost of such activities during the same period had no loss occurred including necessary extra expense for repair or replacement of property for the purpose of reducing loss under this insurance.
Extended loss of income- This covers you for loss of profits from your business as a result of an insured loss.
Contingent farm earnings- This covers you for loss of income caused by a loss also at a supplier or purchaser. All suppliers and purchasers in the chain must be identified to be eligible for this specialized coverage.
Please contact Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com to determine which business interruption coverage best suites your business operation.
What is the best contractor insurance company?
The answer to this question is simple- Tradition Mutual Insurance in Sebringville, Ontario. We service farms all across Ontario. When considering the competitive coverage, rates and
customer service you will receive from Kyle Wijnands at Tradition Mutual Insurance the answer is abundantly clear.
Give Kyle a call today at 519-393-3246 and he will work around your schedule to arrange a visit to assess your farm and determine the coverage that best suites your needs.
What does a contractor insurance policy cover?
A contractor insurance policy covers legal lawsuits, bodily injury, slips and falls and property damage.
Where to get contractor insurance?
The answer to this question is simple- Tradition Mutual Insurance in Sebringville. We service farms all across Ontario. When considering the competitive coverage, rates and customer
How is Tradition Mutual Insurance is protecting Ontario contractors?
Tradition has been insuring contractors in Ontario for over 140 years. There is no other insurance company in Canada that can offer the level of insurance expertise and local knowledge of
business risks that Tradition Mutual Insurance and the Ontario Mutuals can provide. Between accidents and mother nature, managing your risk with the right coverage makes all the difference - the mutual difference. It’s simple- when you have a claim, Tradition Mutual Insurance will be there. Don’t let our small size fool you. Together, we represent one of the strongest, most secure financial networks in the world. The spirit of mutual insurance is woven into the fabric of every community. Contact Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com today to ensure that Tradition Mutual Insurance can protect your business as well!
What areas in Ontario does Tradition Mutual Insurance provide contractor insurance to?
What is contractor equipment insurance?
As a contractor, it is likely that you own tools such as power drills, saws and other equipment that are quite expensive. Contractor equipment insurance is deisgned to protect this equipment in the event that it is damaged or stolen.
To discuss what’s covered and not covered under your contractor insurance policy, please reach out to Kyle Wijnands at 519-393-3246 to discuss.
How many months of business interruption coverage can I purchase?
There are three package options for business interruption coverage to choose from at Tradition Mutual Insurance: 12 months, 18 months and 24 months. Due to the demand of builders in Ontario and the extended period of time it can take to rebuild a barn following a serious loss, many farmers are electing to move from the 12 month business interruption package to 18 or 24months.
Please contact Kyle Wijnands at
519-393-3246 or kwijnands@traditionmutual.com should you have any questions about this important business coverage.
What factors are considered for a business insurance policy?
Like most insurance products, there are specific metrics and variables that are factored into a farm insurance policy. The territory in which you farm will determine the actuarial statistics that determine the amount of wind claims, hail damage, water or fire losses that
typically affect a certain postal code in Ontario. The years of experience a farmer has bearing on the rate an insurance company uses to determine the cost of insurance as well. Other factors such as loss history, past insurance experience, deductible amounts, coverage limits, property condition, age of buildings, upkeep of property, number of acres owned, gross receipts, number of staff, amount of quota and a variety of other factors can influence the cost of a farm insurance policy.
To get a free, no-obligation quote to determine the cost of your farm insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
How is my work truck, van or other vehicle insured?
Commercial Auto Insurance is not covered under your contractor liability insurance but is a separate insurance policy. Tradition Mutual Insurance offers very competitve auto insurance rates, call Kyle at 519-393-3246 to receive a easy estimate today!
Liability Questions
What is contractor liability insurance?
Contractor liability insurance is commercial liability protection in case of lawsuits arising from bodily injury or property damage. This contractor insurance policy is a commercial liability insurance product that provides protection in the event of damages or losses resulting from negligence or faulty installation or work done within a residential or commercial premises.
What does contractor liability insurance cover?
General Liability coverage provides insurance for bodily injury and property damage sustained by a third party. This coverage could include medical payments for an injured person or persons even if the farmer accidentally caused the incident or even if he or she isn’t legally responsible. Liability coverage falls under three primary categories:
- Public Liability: This provides protection for an insured for claims arising out of unintentional bodily injury of another person or loss or damage to the property of others as a result of the insured’s negligent activities arising from personal pursuits of the
insured or the insured’s farming operations. -
Tenant’s legal liability: This provides protection for property damage to residence premises, or their contents, which the insured is using or renting. -
Voluntary medical payments or property damage: This provides financial assistance for reasonable medical expenses if an insured unintentionally injures another person or if someone is accidentally injured on the insured premises or for unintentional direct damage the insured causes to property even though they are not legally liable. This coverage is subject to the terms and conditions of the policy wordings.
Farm liability insurance is designed to cover a farmer’s legal defense costs and liability for personal action/inaction deemed as negligent anywhere in the world not just on the farm premises. Premises liability provides coverage legal liability arising from use, ownership and occupancy of the farm or dwelling. All farming operations that have been presented to Tradition Mutual Insurance would also be covered under the policy.
Optional liability coverage could include:
-additional farm locations
-apiary/bee hive liability
- butchering liability
- custom spraying liability (excluding anhydrous ammonia pollution)
- pick your own ground/non ground produce liability
- public fishing on the farm liability
- horse boarding liability
- hay or sleigh rides liability
- machine tile laying liability
- liability for showing of animals at public events such as fairs or 4H
- liability for storage of vehicles/non-owned vehicles on the farm premises
- liability for showing of products at a farm show/plowing match
- private airstrip on the farm property liability
- on site machine and welding shop liability
- snow plowing and blowing liability (not on public roads)
-Wedding/special event liability
- agri-tourism liability for farm related tours
Please contact Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com should you have any questions about farm liability or the many farm liability extensions you can purchase as part of your insurance package.
What are liability extensions are offered for my farm?
Farm liability insurance is designed to cover a farmer’s legal defense costs and liability for personal action/inaction deemed as negligent anywhere in the world not just on the farm
premises. Premises liability provides coverage legal liability arising from use, ownership and occupancy of the farm or dwelling. All farming operations that have been presented to Tradition Mutual Insurance would also be covered under a typical farm risk can be added to the policy. Some of the optional liability coverages could include:
-additional farm locations
-apiary/bee hive liability
- butchering liability
- custom spraying liability (excluding anhydrous ammonia pollution)
- pick your own ground/non ground produce liability
- public fishing on the farm liability
- horse boarding liability
- hay or sleigh rides liability
- machine tile laying liability
- liability for showing of animals at public events such as fairs or 4H
- liability for storage of vehicles/non-owned vehicles on the farm premises
- liability for showing of products at a farm show/plowing match
- private airstrip on the farm property liability
- on site machine and welding shop liability
- snow plowing and blowing liability (not on public roads)
-Wedding/special event liability
- agri-tourism liability for farm related tours
Please contact Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com should you have any questions about farm liability or the many farm liability extensions you can purchase as part of your insurance package.
What liability limit should I have under my contractor insurance policy?
I
t is recommended that a farmer have a minimum limit $2,000,000 third party liability insurance policy with an aggregate limit of $3,000,000. Depending on the farm activities and farm’s gross receipts, it is recommended that these limits be increased to offset the risk accordingly. Please reach out to Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com to make sure that you are properly covered.
How do I know I have enough liability insurance for my contractor business?
It is recommended that a farmer have a minimum limit $2,000,000 third party liability insurance policy with an aggregate limit of $3,000,000. Depending on the farm activities 
and farm’s gross receipts, it is recommended that these limits be increased to offset the risk accordingly. To discuss whether this is enough liability insurance for your particular farming exposures, please reach out to Kyle Wijnands at 519-393-3246 or kwijnands@traditionmutual.com and he will ensure you are properly covered.
Payment & Deductible Questions
How does the deductible change the price of my contractor insurance?
How much does contractor insurance cost?
Like most insurance products, there are specific metrics and variables that can affect the price of your farm insurance. The territory in which you farm will determine the actuarial statistics that determine the amount of wind claims, hail damage, water or fire losses that
typically affect a certain postal code in Ontario. The years of experience a farmer has bearing on the rate an insurance company uses to determine the cost of insurance as well. Other factors such as loss history, past insurance experience, deductible amounts, coverage limits, property condition, age of buildings, upkeep of property, number of acres owned, gross receipts, number of staff, amount of quota and a variety of other factors can influence the cost of a farm insurance policy.
To get a free, no-obligation quote to determine the cost of your farm insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
What are my contractor insurance payment options?
At Tradition Mutual Insurance, we offer our commercial clients the following payment options for their convenience:
Annual Payment- Payment of your annual premium in full may be made by any one of the following methods without a service charge:
- Cash (in person)
- Debit (in person)
- Cheque
- Credit Card (by telephone or in person)
- Pay through your financial institution (at your branch or online)
Quarterly Payment
Your premium can also be divided into 4 equal installments and may be paid by the following methods:
- 4 Post-Dated Cheques – no service fee
- Quarterly Pre-Authorized payment from your bank account – no service fee
- Quarterly charge to your credit card – subject to a service fee of 3% of your premium for property policies and 1.8% for auto policies
- Pay through your financial institution (at your branch or online)
Monthly Payment
Your premium can also be divided into 12 monthly installments and may be paid by the following methods:
- Monthly Pre-Authorized payment from your bank account – no service fee
- Monthly charge to your credit card – subject to a service fee of 3% of your premium for property policies and 1.8% for auto policies
Fees
NSF Fee - $25.00
Reinstatement Fee - $50.00
How much does contractor liability insurance cost?
A farm underwriter uses specific metrics and variables to determine the price of your dairy farm liability insurance. The years of experience a farmer has a key part in the liability rate used on a farm. Other factors such as liability loss history, limits, past insurance
experience, deductible amounts, number of acres, number a horses, whethere there is custom crop spraying, gross receipts, number of staff and a variety of other factors can influence the cost of a farm liability insurance policy.
To get a free, no-obligation quote to determine the cost of your contractor liability insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
How do I get cheap contractor insurance?
It is important to balance price of dairy insurance with the proper insurance coverage and a high level of customer service. If your farm insurance broker or agent doesn't show attention to detail setting up your farm coverage or ask the proper questions at your renewal, you may have saved some money but in the event of a loss you may not be covered properly and have to pay unwanted expenses out of pocket. The good news is, Tradition Mutual Insurance offers all three things you need when setting up a competitve dairy insurance policy: Competitve coverage, service and price.
1) Tradition Mutual Insurance offers coverage and comprehensive insurance products/ wordings that are very competitive in the Ontario insurance industry.
2.) Tradition is proud of offering customer service and knowledge that is personal and thorough. Kyle Wijnands is Tradition agent who has experience working and living in rural Ontario and knows what you as the farmer need and will ensure you are properly covered.
3.) Last but not least, Tradition's rates for dairy insurance are very competitive and affordable compared to the many other large insurance players in the industry.
To get a free, no-obligation quote to determine the cost of your farm insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
How do I choose the right contractor insurance policy?
The are various factors to weigh when it comes to choosing the right dairy insurance policy for your needs. When doing so, it is important to balance price of farm insurance with the proper insurance coverage and a high level of customer service. If your farm insurance broker or agent doesn't show attention to detail setting up your farm coverage or ask the proper questions at your renewal, you may have saved some money but in the event of a loss you may not be covered properly and have to pay unwanted expenses out of pocket. The good news is, Tradition Mutual Insurance offers all three things you need when setting up a competitve farm insurance policy: Competitve coverage, service and price.
1) Tradition Mutual Insurance offers coverage and comprehensive dairy insurance products/ wordings that are very competitive in the Ontario insurance industry.
2.) Tradition is proud of offering customer service and knowledge that is personal and thorough. Kyle Wijnands is Tradition agent who has experience working and living in rural Ontario and knows what you as the farmer need and will ensure you are properly covered.
3.) Last but not least, Tradition's rates for dairy insurance are very competitive and affordable compared to the many other large insurance players in the industry.
To get a free, no-obligation quote to determine the cost of your farm insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
How do I compare contractor insurance rates?
The are various factors to weigh when it comes to choosing the right contractor insurance quote for you. When doing so, it is important to balance price of your contractor insurance with the proper insurance coverage and a high level of customer service. If your insurance broker or agent doesn't show attention to detail setting up your contractor insurance coverage or ask the proper questions at your renewal, you may have saved some money but in the event of a loss you may not be covered properly and have to pay unwanted expenses out of pocket. The good news is, Tradition Mutual Insurance offers all three things you need when setting up a competitve contractor insurance policy: Competitve coverage, service and price.
1) Tradition Mutual Insurance offers coverage and comprehensive insurance products/ wordings that are very competitive in the Ontario insurance industry.
2.) Tradition is proud of offering customer service and knowledge that is personal and thorough. Kyle Wijnands is Tradition agent who has experience working and living in rural Ontario and knows what you as a contractor need and will ensure you are properly covered.
3.) Last but not least, Tradition's rates for contractor insurance are very competitive and affordable compared to the many other large insurance players in the industry.
To get a free, no-obligation quote to determine the cost of your farm insurance, give Kyle Wijnands at Tradition Mutual Insurance a call at 519-393-3246 today.
Farm Equipment Questions
What does farm machinery and equipment cover?
Farm machinery is covered under a farm equipment floater. This floater can cover scheduled items such as tractors, combines, field equipment, generators. For blanket items, a complete list is required on an annual basis. This coverage includes 48 months of waiver of depreciation coverage if the tractor or equipment was purchased new.
What insurance is available if my farm machinery breaks down?
What is machinery breakdown insurance?
Machinery breakdown insurance is a farm coverage designed to pay for
Do I need to insure my tractor?
A farmer is not required to insure a tractor for physical damage if they own the tractor 
outright. If there is financing on the tractor however, the financing company providing the loan may require proof of machinery insurance to ensure the financial interest in their part of the equipment is secured. Should you need proof of insurance on your tractor to give to a financing company, call Kyle Wijnands today to set up the necessary coverage. 519-393-3246.
Can you insure a tractor?
You can definately insure a tractor. A tractor would be insured under the machinery breakdown portion of an insurance policy. This coverage is designed to pay for