BuilderSURE (COC and Wrap-Up)
by Cansure
Construction Insurance
CA$ 1K /year
CA$ 100M
CA$ 2,500
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
BuilderSURE (COC and Wrap-Up) - Blanket Residential
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BuilderSURE (COC and Wrap-Up) - Builders Risk
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BuilderSURE (COC and Wrap-Up) - Builders Risk - Residential
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BuilderSURE (COC and Wrap-Up) - Builders Risk Project Value Worksheet
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BuilderSURE (COC and Wrap-Up) - Builders Risk Extension Request
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BuilderSURE (COC and Wrap-Up) - Builders Risk - Wrap Up
- Builders Risk
- Casualty
- Equipment Breakdown
- Commercial Projects (All Occupancies)
- Residential Projects (Condos, Townhomes, High-Value Dwellings)
- Mixed Use Projects (Commercial and Residential)
- Civil Infrastructure Projects (Including: Roads, Utilities)
- Remediation and Renovation Projects
- Projects Already Started
- Builders Programs (Blanket Coverage)
Product Overview
BuilderSURE (COC and Wrap-Up) by Cansure is designed for the Canadian construction industry. It offers broad protection for new and existing property during construction projects
This product is available for commercial, residential, mixed-use, and civil infrastructure projects. Builders can also insure remediation, renovation, and projects that have already started.
About BuilderSURE (COC and Wrap-Up) by Cansure
This policy provides builders risk, casualty, and equipment breakdown coverage. There is no minimum premium for ground-up projects, making it accessible for many builders. It serves a wide range of clients, from single-site projects to builders needing blanket coverage. It is available in most provinces and territories across Canada.
A $2,500 deductible applies to each claim. Insurance brokers must have a contract to offer BuilderSURE (COC and Wrap-Up) by Cansure.
Cansure’s experience in construction insurance ensures reliable support and fast quoting for brokers. For more details or to start an application, brokers can check the forms and ‘Contact Underwriter for Quote’ option on this page.
BuilderSURE (COC and Wrap-Up) by Cansure FAQs
What types of projects can be insured under the policy?
BuilderSURE (COC and Wrap-Up) by Cansure covers a wide range of project types. Eligible projects include commercial, residential, mixed-use, civil infrastructure, remediation, renovation, and blanket programs for builders with multiple sites. This flexibility makes it suitable for both new builds and ongoing developments.
Who provides the BuilderSURE policy for construction projects?
The BuilderSURE policy is provided by Cansure, a part of Specialty Program Group Canada (SPGC). Cansure is recognized for its expertise in construction insurance and offers tailored solutions for Canadian projects.
Which provinces and territories are eligible for BuilderSURE (COC and Wrap-Up) by Cansure coverage?
The policy is available in all Canadian provinces and territories. Coverage extends to Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, and Yukon.
Can the BuilderSURE program insure projects that have already started?
Yes, the BuilderSURE program can insure projects that are already underway. This feature allows builders and developers to secure coverage even if construction has begun before applying.
Is there a minimum premium required for this policy?
There is no minimum premium for ground-up construction projects under BuilderSURE (COC and Wrap-Up) by Cansure. This helps keep insurance costs manageable for builders starting new developments.
What residential developments are eligible for the BuilderSURE policy?
The BuilderSURE policy insures a variety of residential projects. Eligible developments include condos, townhomes, high-value dwellings, and mixed-use buildings with residential units, making it suitable for many housing projects.
Does Cansure’s BuilderSURE (COC and Wrap-Up) solution cover commercial construction?
Yes, this construction insurance solution covers all types of commercial projects, including offices, retail spaces, and industrial buildings. To learn more about construction insurance, visit the Construction Insurance category page.
Are insurance brokers required to have a contract to offer this product?
Yes, insurance brokers must have a contract in place to offer BuilderSURE (COC and Wrap-Up) by Cansure. This ensures proper access to the product and support for their clients.
What is the deductible for claims under BuilderSURE (COC and Wrap-Up) by Cansure?
The deductible for claims under BuilderSURE (COC and Wrap-Up) by Cansure is $2,500. This amount applies to covered losses and is clearly stated in the policy documents.
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