Preferred Contractors

Binks-Logo-RGB copyConstruction:

We have contractors covered

There’s no shortage of risks in today’s construction industry. To protect your company, you need specialists who truly understand your evolving exposures. At Binks, our insurance and surety specialists offer a deep knowledge of construction. So whether you’re bidding for a job, assessing your job site or poring over a big contract, we’ll help protect you from unintended risks.

Yes, we do that

Surety, P&C, ocean marine and more. If you’ve got a construction-related exposure, we’ve got a solution – or will work with you to develop customized coverage – that meets your needs.

Our total account solution is the Binks advantage. We provide uncompromised focus and dedication to deliver flexible and innovative solutions from bid to build, and beyond. We have a wide range of risk control services to reduce your risks and first-class claim handling to help keep your mind on your business and your operations moving even when the unexpected happens.

Products for contractors and construction companies

Insurance products:

  • Property and business interruption
  • Commercial general liability and umbrella, including sudden and accidental pollution
  • Fleet auto coverage on an account basis
  • Contractors equipment
  • Blanket or project-specific – construction/builder’s risk/installation floater coverage as well as delay in opening and soft cost coverage
  • Wrap-up
  • Equipment breakdown
  • Contractors pollution liability
  • Ocean marine coverage, including delay in start-up (DSU) coverage

Contract Surety products:

  • Bid bonds
  • Performance bonds
  • Payment bonds

Why choose Binks and Travelers Canada

  • Travelers is a leading provider of surety and commercial insurance in Canada
  • We support the construction and surety communities through membership and active involvement with many industry associations across Canada
  • We offer tailored coverage and plan structure to reflect customers’ unique requirements
  • We take a collaborative approach to risk management, partnering with our brokers and customers and working as a team with underwriting, claims and risk control

Large, small or something in between, we cover it

Small construction companies are different from midsize companies. And they’re both different from the big guys. That’s why we have dedicated account executives, risk control and claims specialists with an in-depth knowledge of construction companies of every size. So, whether we’re talking about one employee or one thousand, we’ll work together with you to build insurance and surety programs to meet your needs.

We don’t take on just any contractor. Our Preferred Contractor Program is for Preferred Contractors:

  • Established civil, electrical, mechanical, specialized trade and general contractors – minimum revenue of $5 million
  • Contractors whose owner/management/key on-site personnel have a minimum of 10 years of contracting experience
  • Stand-alone course of construction and/or wrap-up coverage for construction projects insured by either the owner (owner controlled insurance program) or the contractor (contractor controlled insurance program)
  • Insured projects including but not limited to:
    • Construction/erection work for
      • Buildings
      • Hospitals
      • Production facilities
      • Warehouses
      • Highways
      • Streets
      • Bridges
      • Tunnels
      • Structural steel erections
    • Installation work for:
      • Sewers, water mains and pipelines
      • Plumbing, heating and air conditioning
      • Mechanical and electrical infrastructure and systems