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CHES Special Risk shares a guide for Small Contractors Insurance

Contractors face numerous risks from construction sites, legal and regulatory laws and transferred liability from general contractors. Small businesses are especially susceptible to risk, and WITHOUT adequate insurance coverage, they may be exposed to bankruptcy and closure. Regardless of the size of the business, owning insurance is vital for the long-term survival of any business. CHES Special Risk is a leader in providing contractors insurance Canada since 18 years in Canada. CHES Special Risk’s expert underwriters can provide a tailored policy that gives realistic cover at the right price for: Carpenters Flooring gypsum like small contractors Highlights of CHES Special Risk Small Contractor Insurance in canada product offering: The replacement cost coverage for the tool floater is on items up to 3 years old Coverage limits of up to CAD$5,000,000 are available, and can offer through the Wrap-ups 12 or 24 months Completed Operations coverage CGL extensions for Faulty workmanship,...

The impact of MGAs getting more business

  It is taking longer to get insurance placed through managing general agents because MGAs are getting more business in the hard market, one Ontario broker suggests. Many commercial accounts, which previously would have been handled by retail brokers, are now going to the MGA market, said Greg Robertson, president of R. Robertson Insurance Brokers Ltd., in an interview last week. “The MGAs are inundated by work,” Robertson said. “It’s not an availability crunch, but there are time constraints now that were not present last year because of the massive strain that MGAs are feeling as it relates to the commercial portfolios.  Construction coverage insurance in canada  are looking at their appetites in classes of business in restaurant, realty and hospitality.” Robertson was asked about issues in the property and casualty  insurance for Contractors  and some vacant properties. As some vacant properties are also being placed through the MGA market, suggested Robertso...