Business Insurance for HAVAN Members

Our residential home builder’s insurance can help protect you from the unique risks that come with building and renovating residential homes.

Why home builders and renovators trust us

Whether you’re building a detached home or an entire subdivision, working in the residential homebuilding industry comes with risks, including fire, theft, and jobsite injuries.

Since 2013, Federated Insurance has been pleased to partner with the Homebuilders Association Vancouver and creating customized insurance solutions for HAVAN members. So, whether you’re a homebuilder, construction company, or trade contractor, our insurance specialists have the knowledge, tools, and experience to design a customized solution that can help protect your business.

Proudly recommended by:

We offer solutions for:

Contractors

Custom Home Builders

Design-Build Firms

Interior or Exterior Remodelling

Prefabricated Construction

Renovators

Residential Home Builders

Residential Condo Builders

Why work with Federated?

Federated Insurance has been protecting Canadian businesses of all sizes for more than 100 years. We believe that knowing your business matters, so whether you’re a homebuilder, construction company or trade contractor, we’ll provide you with a tailored small business insurance solution that helps cover your unique risks.

At Federated Insurance, we provide:

  • Customized insurance solutions designed for home builders and renovators
  • Dedicated advisors who work with you directly
  • Expanded coverage options
  • Flexible payment and deductible options
  • Quick, no-hassle renewals

What type of insurance do residential homebuilders need?

In addition to providing you with coverage for liability, property, auto, and employee benefits, our toolbox is filled with customized options to ensure your residential homebuilders business is properly protected.

Business Interruption Insurance

Protects your business from a loss of income in the event of an insured loss.

Read more

Tools & Equipment

Helps to cover the costs of replacing tools and equipment as well as rental reimbursement if your tools or equipment are damaged or stolen.

Read more

Crime

Protects you from employee dishonesty, credit card forgery, and other types of theft.

Read more

Cyber Insurance

Helps to cover the costs for e-commerce threats, data recovery, and customer breach communications.

Read more

Company Vehicles

Protects your company vehicle or fleet of vehicles — including those used for construction — in the event of an accident or collision.

Read more

Pollution

Protects your business from the costs of environmental damage, which can hurt your project, your reputation, and your bottom line. Depending on your business, an additional policy may be required.

Read more

Common risks that small businesses can face

As a residential homebuilder, you have a lot of responsibility — and one of those responsibilities is being aware of the risks and possible losses your business could face.

Common causes for claims on jobsites include fire, vehicle accidents, heavy rainfall, and faulty work. Here are some common claims to be aware of:

Liability losses

Jobsites are full of potential hazards, and it’s your responsibility to keep people and property safe. If a visitor were to slip, trip, and injure themselves on your jobsite, your business could be held responsible, which could result in a costly liability claim.

Property losses

Your property includes any building, equipment, tools, machinery, or computers you own that help you run your business. If your building and/or the contents inside are damaged or destroyed by a natural disaster, theft, or vandalism, it could interrupt business and delay projects.

Builder's risk

When a structure is under construction, you face a number of risks: from natural hazards — such as high winds that blow down partially constructed walls — to theft of tools, equipment, or materials left on the jobsite overnight.

Fire

Fires can be a risk no matter what industry your business is in. Fires, whether accidental or intentional, can be caused by a variety of factors including smoking, hot work, and temporary heaters. They are costly to your bottom line — with the potential for injury or loss of life.

Errors & Omissions

Mistakes happen and how you handle them can make or break your relationship with a client. Having E&O coverage in place helps protect against a claim resulting from an error, omission, or negligence by you or one of your employees.

Vehicle losses

If you depend on the use of a vehicle to travel between jobsites or to transport equipment and materials, your personal auto coverage likely won’t cover you if you or your employed drivers are involved in a collision while using the vehicle for work.

Managing risk

Our insurance for residential homebuilders is designed to deal with a wide range of risks. So, whatever your needs, we’ll work to tailor an insurance solution that fits. Our Risk Service Specialists can work closely with you to provide the advice, support, and training you may need in order to analyze the potential risks to your operation. Knowing the exposures your residential homebuilders business could face can go a long way in helping you avoid future losses.

Our Risk Services Specialists are available to help you create a customized action plan that will address those issues and help you protect your bottom line. Whether it’s sharing our risk management observations on your current business or providing you with timely tools and resources, we’re here to help you be as successful as possible.

Value-added services for your residential homebuilder business

Once you become a customer, you’ll have access to an array of value-added services for your residential homebuilders business that include:

Superior claims handling

When it comes to handling claims in the residential homebuilders industry, our expert claims professionals are there for you. With 24/7 claims support, we can resolve your claim and get your business back up and running as quickly as possible.

Dedicated advisors

With industry training and experience, our Commercial Insurance Specialists can design tailored insurance programs to fit the unique needs of your residential homebuilders business, while also providing expert advice and support along the way.

Safety programs

We have the tools to help you create, implement and maintain safety programs, with a focus on identifying, communicating and mitigating risks.

Trauma assistance

We provide confidential one-on-one counselling services to help you through an insured traumatic loss.

Ready to learn more about how Federated Insurance can help your business?