Skilled trades and Contractors Insurance
Shielding Your Projects, Supporting Your Growth
Western Financial Group is an award-winning brokerage. We work with Canada’s leading insurance partners to get you the right coverage and value. We know how important it is to protect what you’re building.
What is a general surety bond?
When you accept a job, you are obligated to complete it. A surety bond, or contractor bond, will pay your customer if your business does not complete a job. You can obtain a surety bond for a specified amount from your Western insurance business expert.
Our insurance expertise will benefit your business
Small business contractors and tradespeople can face a wide range of risks. An on-the-job accident can result in a costly liability lawsuit that your business may not be able to recover from
financially.
The most important type of insurance you need as an independent contractor is Commercial General Liability. If you were sued, commercial general liability insurance would cover the legal
costs to defend the claim against your business in court, as well as costs to cover damages to compensate third parties.
Who needs Contractor Insurance?
What kind of risks does commercial general liability cover?
- Injury to another person who is not your employee
- Damage to someone’s property
- Damage to rented property
- Medical bills if someone is injured
- Legal and settlement costs of liability lawsuits filed against you
- Liability lawsuits related to slander and libel
What other insurance coverages can I get as a contractor?
- Commercial Auto Insurance
- Tools & Equipment Insurance
- Commercial Property Insurance
- Builder's Risk Insurance
Why Choose Western?
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We shop across trusted providers to find you the best coverage.
Serving Canadians Since 1905
Over a century of experience delivering trusted insurance solutions.
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Our local insurance experts understand your specific needs.
Convenient Same-Day Service
Get covered fast with hassle-free, same-day insurance solutions.
Giving Back
Through the Western Communities Foundation.
Over $9M donated since 2001 to strengthen communities.
FAQ's
What is Contractors Insurance in Canada?
Contractors’ insurance is a collection of coverage types designed to protect independent contractors and construction businesses from financial loss due to injuries, property damage, legal claims, or equipment loss during the course of their work.
Is Contractors Insurance required in Canada?
Yes, in many cases. While not always required by law, most clients and general contractors require proof of insurance before work begins. Commercial auto insurance may be legally required depending on your province and operations.
Do I need insurance if I’m a sole proprietor or freelancer?
Yes. Even solo contractors face liability risks. Without insurance, you are personally responsible for claims, lawsuits, or property damage that arise from your work.
Are subcontractors covered under my policy?
Not automatically. Subcontractors should carry their own insurance. You may also need to provide proof that they’re covered when working under your supervision.
What happens if my tools are stolen from a job site or truck?
Tools & Equipment Insurance covers theft or damage to tools and gear, whether they’re stored on-site, in transit, or in a locked vehicle.
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