Course of Construction Insurance for Projects Across Canada
Protect Your Build From Groundbreaking to Final Inspection
Course of Construction Insurance — also known as Builder’s Risk Insurance — protects your project site from unexpected damage during construction. Whether you’re building a custom home, commercial structure, or multi-phase development, this specialized coverage keeps your investment secure while it’s still in progress.
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What Is Course of Construction Insurance?
Course of Construction Insurance (also called Builder’s Risk) is short-term property insurance designed to cover buildings under construction or renovation. It protects physical assets like:
Top risks include:
Materials and supplies on site
Equipment and tools in transit
Partially completed structures
Temporary installations like scaffolding or fencing
Whether you’re a general contractor, developer, or property owner, Course of Construction Insurance helps avoid major financial loss from theft, fire, or severe weather events.
What Does Course of Construction Insurance Cover?
Typical coverage includes:
Fire & Smoke Damage
Protection for active job sites
Theft of Materials & Tools
Covers jobsite losses
Vandalism
Including damage to signage or equipment
Wind, Hail & Storm Damage
Especially important in exposed areas
Building Materials
On-site, in storage, or in transit
Debris Removal & Cleanup
After a covered event
Testing Coverage
Optional coverage during commissioning phases
Note: Course of Construction Insurance does not cover liability claims or worker injuries. You’ll need separate Contractor Liability and Workers’ Comp for that.
Who Needs Course of Construction Insurance?
If you're responsible for a construction or renovation project in Canada, this coverage likely applies to you.
Common policyholders include:
General Contractors
Subcontractors
Developers
Property Owners
Project Managers
House Builders
Commercial Real Estate Firms
Many municipalities, lenders, and private owners require proof of Course of Construction Insurance before permits are issued or financing is approved.
Why Builders Across Canada Trust Ai Insurance Organization
Tailored Course of Construction Policies
Aligned to Canadian building codes and climate zones
Top-Rated Insurers
Access competitive premiums from leading carriers
Flexible Terms
Coverage for 3, 6, 9, or 12-month builds
Risk Expertise
Add-ons for flood, soft costs, testing, and earthquake available
What Our
Customers Are Saying
Real reviews from real clients — across commercial lines, personal insurance, and surety bonding. Discover why business owners, families, and professionals across Canada trust Ai Insurance Organization to protect what matters most.
Ready to protect your build before the first nail goes in?
Frequently Asked Questions (FAQ)
Is Course of Construction Insurance mandatory in Canada?
Not by law, but most lenders and municipalities require it before work begins.
What’s the difference between Builder’s Risk and Course of Construction Insurance?
They are two names for the same coverage. Both protect active construction sites from physical damage.
How much does Course of Construction Insurance cost in Canada?
Typically 1%–5% of your total construction budget. A $2 million build might see premiums from $20,000–$40,000 depending on scope, location, and risk.
Can the policy be extended if my project is delayed?
Yes. Most Canadian insurers allow extensions, though an additional premium may apply.
Does it cover employee theft or on-site accidents?
No. For that, you’ll need separate coverage for Employee Dishonesty and Contractor Liability.
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