Why trades need a specialist market
Many standard markets limit how much manual work they will write, or decline whole trades. This program is built to include installation, repair and other manual work, rated class by class, so the contractor gets a CGL that matches the work they do.
Trades the program rates
| Group | Examples |
|---|---|
| Electrical and mechanical | Electrical wiring, HVAC and heating installation, plumbing, sprinkler installation, alarm installation |
| Structure and finishing | Carpentry, masonry and stucco, concrete, drywall and plastering, tile and terrazzo, glazing, insulation |
| Painting | Interior and exterior painting, excluding spray painting and steel structures |
| Civil and heavy | Excavation, paving, sewer and water main, underground conduit: class by class, often underwriter-referred |
Payroll-rated contractor classes and higher-hazard classes are reviewed by an underwriter. A few classes, such as snow removal and tree removal, refer or sit outside the program.
How a contractor file is quoted
Each trade carries its own class rate and hazard grade, applied to revenue or payroll and adjusted by region. Class endorsements, where they apply, show on the quote. An underwriter reviews every contractor file and comes back with terms or questions.
Subcontractors and certificates
Underwriters look at how much work the contractor subcontracts and if the subs carry their own CGL. Collect certificates from subcontractors and keep them on file. It affects the rate and how claims are handled.
The rest of the contractor account
- Contractors legal expense for holdback disputes, employee claims and Bill C-45 defence.
- Builders risk and course of construction for the projects.
- Contract bonds and licence bonds from the surety desk.
