Course of Construction
by Cansure
Construction Insurance
Property Insurance
CA$ 100M
CA$ 0
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Yes
- Commercial General Liability
- Property Damage
- construction projects (e.g. single-family homes, multi-family dwellings (up to 6 units), townhomes, office buildings, and warehouse buildings)
Product Overview
Course of Construction by Cansure is designed to protect building projects from start to finish. This product covers a wide range of construction types, including single-family homes, townhomes, and even small commercial buildings.
With availability across most provinces and territories in Canada and no deductible, the policy is flexible choice for many builders and developers.
This Cansure policy includes both commercial general liability and property damage coverage, offering protection against many risks that can happen during the building phase.
About Course of Construction by Cansure
This insurance is available for new builds and renovations, as long as the project fits within the target class. Brokers must have a contract with Cansure to access this product, ensuring a streamlined process for submissions and quotes.
Coverage can extend to soft costs, equipment, and materials, depending on the project’s needs and eligibility. Standard exclusions and submission requirements apply, as outlined in the product factsheet.
For more details or to start a quote, brokers can reach out to the underwriter via the ‘Contact Underwriter for Quote’ function or review the references and resources linked on this page.
Course of Construction by Cansure FAQs
What line of business does this insurance product fall under?
Course of Construction by Cansure is part of both construction insurance and property insurance. It is designed to protect building projects during the construction phase. For more on this line of business, visit the construction insurance category page.
What types of buildings can be insured through Course of Construction by Cansure?
This product covers a range of building types, including single-family homes, multi-family dwellings with up to six units, townhomes, office buildings, and warehouse buildings.
Eligibility includes builders, developers, and property owners with projects that fit within the target classes. The project must also meet the submission requirements set by Cansure.
Does Course of Construction by Cansure include coverage for materials and equipment?
The policy may include coverage for soft costs, equipment, and materials, depending on the project’s needs and eligibility. Details are outlined in the product factsheet.
Can this insurance be used for both new builds and renovations?
Yes, Cansure Course of Construction by Cansure is available for both new construction and eligible renovation projects. The project must fit within the target class and meet all requirements.
Coverage for temporary structures may also be available as an extension, depending on the policy details and project eligibility. Refer to the factsheet for specific terms and conditions.
How does Course of Construction by Cansure help manage project risk?
Course of Construction by Cansure protects against risks like property damage and third-party liability during the building phase. This helps builders and developers manage potential losses.
Is there a limit on the number of units for multi-family dwellings?
Yes, Course of Construction by Cansure insures multi-family dwellings with up to six units. Projects exceeding this limit may not be eligible.
What types of losses are typically excluded from Course of Construction by Cansure?
Typical exclusions include losses from faulty workmanship, normal wear and tear, and certain types of water damage. Full details are available in the product factsheet.
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