Construction insurance products

Construction projects can vary in form and size. A modular approach helps tailor a solution to your project’s specifications. Our risk managers can help assemble a plan for your project’s operations, materials and logistics.

  

Why Zurich?

Zurich specializes in a variety of construction domains: civil works projects, education, energy, federal, healthcare and infrastructure facilities. Our team of specialists study data analysis to better understand technical and operational aspects of construction. Zurich Canada has the capacity to help form coverage policies with our global partners on large-scale projects around the world.


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Construction insurance products

Commercial auto

Zurich will also provide coverage for your construction fleet including third-party liability (BI&PD), accident benefit, and physical damage in support of construction property and casualty insurance in all provinces.

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General liability

Commercial general liability provides coverage for negligent acts or omissions that result in bodily injury or property damage on your premises or completed construction projects. We offer specialized terms and conditions tailored to help meet the needs of the construction industry.

International

As major construction initiatives extend to regions of rapid economic growth, contractors need to be able to apply their risk management principles across borders. Zurich’s worldwide network lets us arrange admitted policies in 200 countries and territories, and includes local teams of risk engineering/management and claims professionals who understand the legal landscape of their respective territories. Our solutions are centrally managed so you have a single point of contact while overseeing your concurrent projects.

International solutions:

  • Zurich International Programs is designed for large, multinational companies and provides a single, consistent solution to property, casualty and marine exposures
  • Zurich Protect-Envoy™, our package policy program, is designed to help your mid-sized business operate and grow in international markets by ensuring consistent standards of coverage and service wherever you do business
  • Builders risk 
  • Contractors Professional Protective Indemnity (CPPI)
  • Supply chain
> Learn more about Zurich’s international solutions

Pollution liability

Zurich offers coverages such as:

  • Contractor’s pollution liability: Provides contractors with coverage for third-party claims caused by pollution events arising out of covered operations performed by or on behalf of the insured at project sites. Can be obtained as a stand-alone or combined form basis.
  • Environmental services package: Combines commercial general liability with contractor’s pollution liability and/or professional liability to provide one-stop coverage for environmental contractors and consultants.
  • Environmental professional coverage: Provides environmental consultants with coverage for third-party claims caused by errors and omissions, and strict liability from environmental law and pollution events arising out of covered operations performed by or on behalf of the insured. Can be combined with contractor’s pollution liability as a combined form basis. 
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Professional liability

Construction is a hands-on business. Help secure your workforce with liability coverage that provides insurance protection for oversight. Zurich’s broad range of insurance products are designed around your business’s potential exposures. 

Zurich offers coverages such as:

  • Architects & engineers E&O: Offers insurance protection that covers losses arising out of the omission or negligent performance, or both, of professional services for which the designer is liable, whether self-performed or subcontracted.
  • Contractor’s protective professional indemnity (CPPI): Offers insurance protection that covers losses arising out of the negligent performance of professional services for which the contractor is liable, whether self-performed or subcontracted. Provided on annual or project basis.
  • Owner’s protective professional indemnity (OPPI): Offers project-dedicated professional liability insurance that helps protect the project owner from losses arising out of the architect's or engineer’s (A/E’s) negligence. With OPPI, the A/E’s policies are supplemented instead of replaced, thereby helping improve an owner’s potential recovery.

Property

From acquiring to transporting to completing your project, ensure your materials and equipment are protected. Your investment in these elements is essential for your project. Other than your projects, making sure those premises or properties instrumental to your operations are covered is crucial. Zurich offers property solutions that allow our construction industry specialists to design coverage around your business’s specific exposures.

Zurich offers solutions such as:

  • Zurich Protect® - is our proprietary property policy, which features 35 of the most commonly requested extensions, including: crime, equipment breakdown, business interruption and general liability coverages. 
  • Civil works - helps protect against the many risk-facing operational civil works — both public and private. Our solutions cover direct physical loss, including loss of revenue and other risk-specific coverages such as floods and earthquakes.

Subguard®

Zurich offers subcontractor default insurance programs designed to help meet the needs of construction companies with annual subcontract volume of more than $75 million including: general contractors, at-risk construction managers and design build firms. 

Coverage includes the costs of completing unfulfilled subcontractor or supplier obligations, including costs related to subcontractor replacement, correcting non-conforming work, job acceleration, extended overhead, liquidated damages and claim preparation expenses. Additional features include:

  • Indemnification for direct and indirect costs resulting from a payment or performance default of any enrolled subcontractor or supplier
  • Broad coverage for all enrolled subcontractors and limits that are the lesser of policy limits or an option of 1.5, 2.0 or 3.0 times the subcontract value
  • Multi-year programs consisting of annual policies ensuring product cost is known for budgeting

Potential benefits:

  • Empowers the contractor to immediately evaluate and manage subcontractor default situations to help keep the project on schedule and within budget
  • Provides first-party coverage potentially reducing confrontational resolution of claims
  • Assists in identifying the root causes of construction operational and management issues
  • Offers more control over the pre-qualification and subcontractor selection processes
  • Provides broad and consistent coverage at a competitive cost to bonds

Program options:

  • Policy limits of up to $75 million per loss and $225 million aggregate
  • Flexible retentions to fit your risk profile. Varied risk-financing options available including: captive reinsurance, large deductibles, retrospective rating plans

Risk Management services:

  • Construction professionals with experience in risk assessment, program evaluation and exposure identification who have years of experience in the construction industry
  • Consultative solutions designed to help mitigate and reduce subcontractor default loss such as:
    • Implementation of Zurich’s Schedule Enhancement Solution (SES) to proactively address schedule changes
    • Subcontractor pre-qualification
    • Lessons learned
    • Quality assurance / quality control (QA / QC) management

Claims services:

  • Dedicated Subguard® claims team focused on providing responsive service and effective loss cost management while also expediting the claims process
  • Electronic claims notification system
  • Early claims involvement to help develop appropriate loss mitigation strategies
  • On-site claim documentation preparation assistance
  • 30-day response to proof of loss (POL) submission
  • Cooperative approach to subrogation

Umbrella

Commercial excess umbrella provides catastrophic liability insurance protection over general liability, auto liability and employers’ liability.

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Knowledge Hub: Construction