Regardless of your operations, if you work within the construction industry you will be subject to a multitude of unique and complex exposures.
At BFL CANADA, our team knows the importance of protecting our clients’ business and project returns. Our construction risk solutions have been carefully developed and tested to respond to the challenges of today’s diverse and changing construction industry.
With BFL CANADA’s leading experience, knowledge, and relationships you can be certain that you are protected as we strive to maximize the success of your business.
Discover your coverage solutions
We act as an extension of your organization and navigate the risk landscape unique to your business, project and overall construction industry.
Our team will provide you with in-depth knowledge to help you manage and control all aspects of your corporate risk management and insurance program.
BUSINESS RISK REVIEW
We analyze all aspects of the risk your business or project generates and establish a risk and insurance program to minimize your exposure and protect your balance sheet.
CONTRACT INSURANCE SPECIFICATIONS REVIEW AND ADVICE
We review and provide advice on all contracts to ensure your interests are protected and your insurance program is tailored accordingly.
INSURANCE PROGRAM INTERPRETATION AND GUIDANCE
We provide consultation services and support in development of a customized insurance program.
BUILDERS RISK (COURSE OF CONSTRUCTION)
Insures against “all risks” to a project during the period of construction from an insured peril. Losses can include the structure, materials, labour and any temporary structures that form part of the project. Finally, it insures parties including owners, contractors and/or subcontractors and all others engaged in the project.
Insures owners, contractors, and/or subcontractors under a single project-specific wrap-up liability insurance from third-party claims of bodily injury and/or property damage arising from construction activities of the project. Insured parties include owners, contractors and/or subcontractors and all others engaged in the project. It also covers post construction as part of the “Completed Operations” period for a specified amount of time.
REAL ESTATE ASSETS UNDER MANAGEMENT
We help our clients maximize their asset values, tailor insurance clauses on leases to ensure proper risk transfer methods are being utilized, help structure large scale insurance programs to take advantage of bulk buying power and ensure that policies are placed to protect the asset values for our clients.
ENVIRONMENTAL IMPAIRMENT AND POLLUTION LIABILITY
Insures against the risk of environmental impairment or a pollution event. The two main categories are contractor practice policies and location specific or premises policies, which respond to cleanup costs and third-party liability.
Insures against “all risks” from an insured peril to equipment and tools including physical damage and theft. This specific coverage is required as these are excluded on standard property and project specific builders’ risk policies.
COMMERCIAL GENERAL LIABILITY
Protects a business from third party lawsuits arising from bodily injury or property damage, both during and after works are complete at a location. We negotiate these policies to cover all past, present and future work performed against potential claims made by third parties.
PROFESSIONAL LIABILITY (ERRORS AND OMISSIONS)
Covers you and your business in the event of claims for physical or material damage to a third party or financial loss resulting from any allegations of negligence or failure to render professional services. It responds to provide your defence in case of possible legal proceedings and also covers the costs incurred.
SPECIALIZED MARINE COVERAGES
Protects against loss or damage to equipment, materials, products, or other goods needed for your project during transit by sea. Specialized coverage for construction projects involving a marine exposure can also be arranged.
Representatives available across Canada
The BFL CANADA advantage in a competitive market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
We are insurance brokers, we don’t work for an insurance company.
- We negotiate on your behalf to get the best protection, rate and deductibles.
- We work with you to develop tailor-made solutions adapted to your reality.
- We deal with all major insurers that specialize in your industry.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.