The right carpenter insurance for your business
Whether you do trim, cabinets or framing, we have excellent coverages for carpentry businesses of all types and sizes. Talk to one of our commercial insurance experts for a free assessment and no-obligation quote.
Save on carpenter insurance in Ontario
As an outlet for over 70 of Canada’s top insurance companies, we have access to great coverage for your carpentry business at some of the best prices around. We’ll take care of all the details, while you focus on your company and clients. You’ll never need to shop anywhere else. Call us for a free quote.
What’s covered by carpenter insurance?
Our insurance packages for carpenters in Ontario can be built to meet your unique needs. Here are the basics.
Commercial general liability
A necessity for all businesses, this protects you if your work causes property damage or leads to an injury. It includes legal fees, court-awarded payments and more.
Coverage if your work vehicle is in an accident, stolen or if you hurt someone or damage their property. We can also cover personal vehicles used for work purposes.
Tools and equipment
Protects tools like table and circular saws, hammers, nail guns and other equipment if they are damaged, stolen or destroyed. It also pays for short-term rentals to help you keep working after a claim.
Protection for your office, shop or warehouse along with inventory and more against fire, storms, burst pipes, vandalism and theft. We have plans for home-based businesses too.
Good to know: Common questions about carpenter insurance
What is carpenter insurance?
Carpenter insurance is a specific type of contractor insurance that usually includes:
- Commercial general liability coverage
- Tools and equipment coverage
- Commercial auto insurance coverage
It can also include commercial property coverage if your business has an office or workshop.
How much is carpenter insurance?
Carpenter insurance can start from as little as $1,000 a year for a small carpentry business with no physical office or company vehicles. The actual cost of your policy will depend on a number of factors, including:
- Where your company is based
- The annual revenues of the business
- How many employees you have
- How many years experience you and your employees have in carpentry
- Whether you have past claims
Why do I need carpenter insurance?
You and your crew take all possible precautions to make sure every job goes off without a hitch. But the smallest mistakes can sometimes lead to huge costs for your business. A stray nail that hits a pipe can lead to tens of thousands of dollars in water damage. Even if it wasn’t your fault, legal fees alone can be very costly. Carpenters insurance lets you focus on the work, not the worry.
Your clients may also insist to see a certificate of insurance before you start a job. Having the right coverage in place ensures you’re protecting both you and them.
Isn’t my carpentry business covered under the general contractor?
No. Even if you work exclusively under a general contractor, your carpentry business still could be found liable for injuries or damage to property related to the work that you do, potentially leading to tens of thousands of dollars in losses for your company.
What are the most common types of losses covered by carpentry insurance?
The most common claims for carpenters are tools stolen from job sites and stray nails or screws that hit a pipe and lead to water damage. Learn more about common claims for carpenters.
Your business is unique, so are your insurance options.
Being an outlet for over 70 of Canada’s top insurance companies means our commercial experts have access to a wide range of coverage options as unique as your business – at some of the best rates in Ontario. We sweat the details so you can focus on your business. Want to learn more about the coverage options available to you? Here’s a few of them.