Insurance designed for CHBA RenoMark Renovators

Our insurance solutions are designed to meet the unique risks that come with operating a residential homebuilding business in Canada.

Why we partnered with CHBA RenoMark

Members of the RenoMark program are focused on dealing honestly and fairly with homeowners, are committed to a high professional standard, and stand behind the quality of their work. That’s why we’ve partnered with the Canadian Home Builders’ Association (CHBA) to offer a 10% discount on business insurance to RenoMark renovators and trade contractor members of CHBA.*

Proudly recommended by:

We offer solutions for:

Custom Home Builders

Design-Build Firms

Interior or Exterior Remodeling

Renovators

Residential Contractors

Trade Contractors

Why work with Federated?

Since 2012, Federated Insurance has been pleased to partner with the Canadian Home Builders Association to create customized insurance solutions for members.

Federated Insurance is a 100% Canadian insurer backed by more than 100 years of experience. We believe that knowing your business matters, so whether you are a homebuilder, construction company or trade contractor, we’ll provide you with a tailored business insurance solution that helps cover your unique risks.

At Federated Insurance, we provide:

  • Customized insurance solutions designed for home building businesses
  • Dedicated advisors who work with you directly
  • Expanded coverage options
  • Flexible payment and deductible options
  • Quick, no-hassle renewals
  • A team of experts who are 100% based in Canada

What type of insurance do residential homebuilders need?

In addition to providing you with coverage for liability, property and employees, our toolbox is filled with options designed to ensure that your residential homebuilders business is properly protected:

Commercial general liability insurance

The right CGL coverage can help safeguard your small business if you’re found legally liable for property damage to a third party on your property or bodily injury, such as a slip and fall on a slippery warehouse floor.

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Commercial property insurance

This coverage can help you recover if your building, equipment, furnishings, inventory, and/or supplies are damaged or destroyed during a natural catastrophe such as a fire, flood, earthquake, or because of theft or vandalism.

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Business interruption insurance

If you’re forced to shut down operations following a covered loss — say, to repair your business after a fire — this coverage can help with your loss of net income so you can continue paying normal operating expenses and speed up your return to business as usual.

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Equipment breakdown insurance

This coverage can help protect you from costly repairs and production delays if there’s a sudden, accidental breakdown of vital equipment or machinery.

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Cyber insurance

If your business is the victim of a data breach or cyberattack, this coverage can help with expenses related to data recovery and communications to customers.

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Commercial auto insurance

Whether you have just one delivery truck or a whole fleet, commercial auto coverage can help with potential repair costs and provide replacement car coverage, if you need to rent a temporary car for day-to-day operations after an accident.

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Common risks that home builders can face

There are several scenarios that indicate what coverage your business may need. Whether you participate in tradeshows and events, need a commercial space, or use expensive equipment are all factors that help us identify the right coverages for you. A few of the common risks that businesses can face are:

Liability risks

No matter the precautions you take, it’s likely that you could incur a loss during your small business’ lifetime. Commercial general liability (CGL) insurance can provide a safety net when it comes to liability claims. This coverage can help cover damages that your business may be found legally liable for. These damages are typically caused by bodily injury or property damage to third parties, including when you and your staff are conducting business off-site.

Property risks

If you run your small business from a storefront, a workshop, or an office, there’s always risks associated with operating out of a commercial space. For example, a faulty outlet could cause a sudden electrical fire causing damage to inventory, furniture, or equipment. Repair and replacement costs can quickly pile up, leaving you in a tough situation. Commercial property insurance can help in these scenarios and help mitigate costs associated with a covered event.

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 home building businesses 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 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 business

Just like no two people are alike, no two businesses are alike. That’s why our business insurance policies are crafted based on your unique operations and risks. Our Field Risk Analysts are trained to identify and measure risk exposure, go over your insurance needs, and recommend the best coverages for your business.

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 business, including:

Superior claims handling

Because of our specialized insurance approach, our Claims Specialists are skilled in handling claims specific to the unique industries we serve. We’ve made it our mission to handle and resolve every claim in a way that is responsive, timely, and transparent. We’ll be there for you every step of the way, and available 24/7 to resolve your claim as quickly as possible — so you can get back to what you do best: running your small business and serving your customers.

Dedicated advisors

With a dedicated Commercial Insurance Specialist on your side, you always get personalized service, expertise, and advice to help you protect your business and keep it safe. Your agent will work directly with you and our Field Risk Analysts to build a customized business insurance solution designed specifically for your small business.

Loss prevention expertise

Loss prevention is at the heart of what we do, and our Risk Services Specialists deliver a host of value-added programs including on-site consultations, in-depth assessments, and insightful training solutions. They can also provide expert advice as your small business grows and evolves.

Safety programs

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

Trauma assistance

If you’ve experienced a traumatic loss, we provide confidential one-on-one counselling services to help you get through tough times.

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

*This discount is available for new business only and is not available in the province of Quebec. This discount is not available for automobile insurance, cyber insurance, or provincial bonding.