P&C Report: 2024 Q4 Outlook
Last quarter, we indicated the Property & Casualty (P&C) market had reached a relative level of equilibrium not seen in several years. We defined this as an environment where rates
Construction
Tailored Solutions for Canada’s Booming Construction Industry
Canada’s Construction industry is estimated to reach $300 billion in 2023. Unexpected costs arising from damages or accidents at a construction site can be severe. Whether a commercial project or residential, Burns & Wilcox has the capacity to offer large limits or small to meet the proper insurance needs for clients.
We also provide protection against damage to personal property during the course of construction. A tailored solution can put in place coverage while a property is under construction, along with property moved to off-site locations and in transit.
We also provide protection against damage to personal property during the course of construction. A tailored solution can put in place coverage while a property is under construction, along with property moved to off-site locations and in transit.
Recent Construction Wins |
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$53,400
SINGLE FAMILY RESIDENTIAL NEW BUILD
$44,800
BUILDER'S RISK - NEW BUILD
$43,800
BUILDER'S RISK - Large Cottage Renovation
$40,000
RETIREMENT HOME CONSTRUCTION
Areas Of Specialty
Builder’s Risk
- Contractors
- Project Owners
- Developers
- Construction Companies
- Building Owners
- Subcontractors
- Catered Project Terms
- Up to 3 Mortgagees
Course of Construction
- Dwellings
- Buildings
- Condos
- High-Value Homes
- Commercial Build
- Department of Defence
- Infrastructure
- Catered Project Terms
- Up to 3 Mortgagees
Projects Already Started
- Dwellings
- Buildings
- Condos
- High-Value Homes
- Catered Project Terms
- Infrastructure
- Commercial Build
- Up to 3 Mortgagees
Available Products
- Residential, Commercial and Infrastructure projects
- Ground-up Construction or Renovation
- Projects Already Started
- Theft of Building Materials On and Offsite
- Unprotected Locations including Island Properties Eligible
- Flexible Term Options on New Business and Extensions
- Owners Acting as the General Contractors Considered
- Renovations and Tail End Renovations
- Only licensed Insured Contractor
- Owner/builder – excludes Liability – must be Using Licensed Subcontractors Only
- Homes in Brush, Coastal Areas, and Earthquake Zones
- Dwellings with Losses
- Named Insured’s can be Trusts, Estates, LLC’s or Corporations
- Homeowners Form
- $5 Million Premises Liability Limit
- Medical Payment Coverage
- Theft of Building Materials
- Theft on Contents
- Catered Project Terms
Notice
Product Documents
Featured Expert
Steven Hrab
Director, Construction
- Construction
Steve has spent 20 years in the industry, 5 of which have been with Burns & Wilcox. Prior to joining the company, he headed up the Construction Program at Premier…
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Your Local Team |
Related Intel |
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Home at Risk After Contractor ‘Dug Too Deep’ at Neighboring Property
A three-generation family in Brooklyn, New York, was recently evacuated from their home after city officials determined the building next door was unstable and would need to be demolished. The
New York Construction Sites Show Spike in Work-Related Injuries
Work-related fatalities at New York City building construction sites reached their lowest point in almost 10 years in 2023, according to new data from the city, but work-related injuries jumped
Great underwriters, willing to find a solution as well a wide offering of coverages.
Recent Construction Wins
$53,400
SINGLE FAMILY RESIDENTIAL NEW BUILD
$44,800
BUILDER'S RISK - NEW BUILD
$43,800
BUILDER'S RISK - Large Cottage Renovation
$40,000
RETIREMENT HOME CONSTRUCTION
$26,500
CONSTRUCTION OF A 45+ UNIT BUILDING
$24,000
BUILDER'S RISK - Residential Multi-Unit New Build
$22,600
BUILDER'S RISK - FOUNDATION RENOVATION
$15,400
RESIDENTIAL APARTMENT BUILDING
$12,700
BUILDER'S RISK - Commercial Building New Build
Eligibility Guidelines
Below are the eligibility guidelines for online binding and issuing Cyber Liability:
– Revenue up to $15M accepted
– 138 Industries Accepted
– Excluded Industries include: adult content, auction sites, data processing, debt collection, direct marketing franchisees, healthcare aggregators, online gambling, payment processors, pos technology, search engines and social media.
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Product Guidelines
Honoring a True Pioneer
A BURNS 
WILCOX ASSESSMENT
Article Title
April 16, 2020
Written by
Denis Brady
PRESIDENT, BURNS & WILCOX BROKERAGE
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“Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?”
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State of the Construction Market
A BURNS WILCOX ASSESSMENT