Construction Insurance

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the construction industry. Our specialized Construction Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on building and growing your projects.

Coverage is available for:

  • Small Residential Projects
  • Large Commercial Developments
  • New Builds and Renovation Projects
  • Multi-Story & Multi-Family Residential Projects
  • Mixed-Use Projects
  • Civil Infrastructure Projects

Construction Insurance

At Waypoint Insurance, we understand the unique challenges and risks faced by businesses in the construction industry. Our specialized Construction Insurance solutions are designed to provide comprehensive coverage and peace of mind, allowing you to focus on building and growing your projects.

Coverage is available for:

  • Small Residential Projects
  • Large Commercial Developments
  • New Builds and Renovation Projects
  • Multi-Story & Multi-Family Residential Projects
  • Mixed-Use Projects
  • Civil Infrastructure Projects

Coverage is available for:

  • Small Residential Projects
  • Large Commercial Developments
  • New Builds and Renovation Projects

  • Multi-Story & Multi-Family Residential Projects

  • Mixed-Use Projects
  • Civil Infrastructure Projects

Why Choose Waypoint Insurance?

Local Touch, National Strength™: Founded in British Columbia over 150 years ago, Waypoint Insurance has deep roots in the communities we serve. As part of the Navacord group, we leverage our national relationships with key insurance carriers to offer the best value for your investment.

Expertise in Construction: Our in-house experts specialize in the construction industry, providing tailored solutions that address the specific risks and exposures faced by businesses in this sector. From small residential projects to large commercial developments, we have the experience and knowledge to protect your business.

Comprehensive Coverage Options:

This policy is also known as Course of Construction Insurance. This insures buildings and structures under construction, protecting them against risks such as fire, water damage, theft, vandalism, and optional perils like earthquake, flood, and sewer back-up. A typical Builders’ Risk policy insures not only the hard costs of the project (labour and materials), but also materials and supplies on site or in transit, temporary structures, soft costs (costs not directly related to construction), and loss of income due to delay. 

Provides comprehensive liability coverage for all parties involved in a large construction project such as owners, contractors and subcontractors.   It protects these parties against third-party claims for bodily injury and property damage and may extend to cover pollution liability exposures.  

These policies provide insurance coverage for movable business properties that can be damaged or stolen.  This coverage is useful for contractors that frequently transport equipment to different locations such as construction sites.  Common risks covered are fire, theft, vandalism and water damage and can also include the perils of earthquake, flood and sewer back–up.  

Overs protection to contractors and subcontractors against third-party bodily injury or property damage claims arising out of the company’s activities.  Also provides coverage against personal injury claims such as libel, slander and defamation, and advertising injury claims such as copyright infringement or false advertising.  This coverage pays the legal fees, court costs, and settlements or judgements related to covered claims. For work done under wrap up, this coverage can typically be amended to include liability for the wrap up deductible.

Helps pay for additional costs incurred while a business is unable to operate temporarily due to a covered loss, such as fire or theft.  For a contractor, this could include the cost to temporarily relocate officers or a storage facility.

Protects contractors against data breaches, cyber-attacks, and other cyber-related incidents.  Coverage can include expenses related to responding to a data breach, lost income, cyber extortion, funds transfer fraud and reputational management.

Protects contractors against losses caused by employee theft, robbery and burglary, forgery and alterations, computer fraud, and social engineering fraud.  Crime insurance helps non-profit organizations mitigate the financial impact of criminal activities and maintain operational stability.

Protects contractors against unexpected failures of essential equipment.  This includes the cost of repairing or replacing equipment damaged by mechanical or electrical failures and resulting loss of business income.  It can also pay for necessary expenses to expedite repairs or temporary equipment to minimize downtime.  With respect to a building under construction, equipment breakdown insurance can significantly enhance a builder’s risk policy by providing coverage for unexpected failures of essential equipment during construction including during the testing and commissioning phase. 

Directors & Officers Insurance protects the personal assets of directors and officers, as well as the financial well-being, against claims alleging wrongful acts in their management of the company.

Sometimes included as part of a D&O policy or a standalone policy, EPLI covers employee claims against the company for various employment-related issues such as wrongful termination, discrimination, sexual harassment, and retaliation.

E&O insurance is an essential part of a comprehensive risk management strategy for developers and contractors, ensuring they are protected against potential legal and financial repercussions from professional mistakes.  Common claims against developers and contractors are for design errors, installation issues or material defects.

Installation floater is a type of insurance coverage that protects materials, equipment, machinery and supplies while they are being transported, stored, or installed at a job site or other temporary location.

Pollution Liability Insurance helps businesses manage the financial impact of environmental damage. It covers costs related to contamination cleanup, third party bodily injury, and property damage caused by pollutants. This insurance is essential for businesses that handle hazardous materials or operate in industries with environmental risks.

The Waypoint Advantage

Solid Insurer Relationships: Our strong relationships with insurers allow us to secure optimal coverage for your business, ensuring you receive the best products and customer service the insurance industry offers

In-House Risk Management Team: Our dedicated risk management team will help you evaluate your operations and prevent losses, providing proactive advice and support to keep your business running smoothly.

Exceptional Client Service: We pride ourselves on delivering exceptional client service. Our dedicated advisors are committed to servicing your account and providing personalized support every step of the way.

Commitment to Excellence

As a leading insurance brokerage in Canada, Waypoint Insurance & Navacord are uniquely positioned
to offer industry-specific coverage and tailored benefits solutions for your business. Whether you
operate a small manufacturing unit or a large-scale plant, we have the expertise and resources to
protect your business from a wide range of risks.