Insurance Support for Ontario Home Builders Association

As a home builder, you’ll have to repair, renovate, and oversee the construction of homes or commercial buildings. This career entails working long hours and with heavy materials, which means you’ll face a slew of risks and hazards while on the job.

As you build your portfolio, you’ll need the support of other contractors to be able to expand your network of clients. This is where being a part of the Ontario Home Builder’s Association (OHBA) comes in. As members of the OHBA, you’ll gain access to multiple connections and vital information to succeed in your chosen trade.

On top of that, teaming up with a reputable insurance broker to take care of your business’s insurance needs will also be essential.

So what are the other benefits of being part of OHBA? What type of insurance support do OHBA members need? Keep reading to find out.

What Can the Ontario Home Builders’ Association Do for You?

This association is the home of some of the biggest home builders in Ontario. That’s because the OHBA works as the voice of the building, land development, and renovation industry in Ontario and currently represents over 4,000 member companies that are split into 27 local associations.

Since 2007, this network of home builders has aimed to positively impact the legislative, regulatory, and tax policies that affect the construction industry.

Not only that, but the OHBA provides its members and the general public with relevant information about the construction industry, promotes innovation and professionalism within its organization, and encourages group benefit plans to ensure everyone takes the right step toward success as contractors.

The Ontario Home Builders’ Association also offers both in-class and online training to its network of volunteers. By providing competency courses, the OHBA is helping its members fulfill necessary licensing requirements, further their professional development, and sharpen their skills.

But as great as this is, home builders aren’t immune to the hazards their jobs entail. Having a good understanding of what contractors should look out for will save them from financial worry and ensure the success of their careers in the skilled trades industry.

Get Customized Insurance for OHBA Contractors

OHBA contractors will likely face risks of injury, slip-and-fall accidents, third-party property damage, loss or stolen tools and equipment, or even vehicular accidents while working. This is why home builders need to purchase insurance coverage to ensure protection. With an already competitive market, it’s important to stay ahead of the competition and secure your finances early on.

As a proud partner of OHBA, KASE Insurance promises to deliver customizable insurance packages that cover your business’s unique needs. Whether you’re an independent contractor or your company employs home builders, we offer various types of insurance solutions to help keep you, your team, and your projects protected from start to finish.

Some of our insurance packages include:

    1. Commercial General Liability (CGL) Insurance

Also known as general liability insurance, this policy protects OHBA members from a variety of liabilities that may result in claims or a lawsuit. This is also one of the most basic forms of business insurance you can have, so it is advisable to purchase this as early as possible.

CGL insurance covers the following:

• Employee injuries: If your staff gets injured while on the job, CGL helps pay for the medical bills and lost wages of the employee.
• Property damage: If your employee causes third-party property damage, CGL can cover the costs arising from the incident.
• Advertising liability: CGL also provides coverage if your business is subjected to libel or slander cases that impact your business’s reputation.

    2. Builder’s Risk Insurance

What an OHBA contractor needs is a policy that caters specifically to the construction process. This is where builder’s risk insurance comes in. This policy will cover not only the building that’s being constructed but also the tools and equipment used in the process. Both property owners and contractors can purchase builder’s risk insurance for their ongoing projects.

    3. Commercial Auto Insurance

This type of insurance support is also available to OHBA volunteers. Commercial auto insurance helps pay for costs in the event that your company-owned car is involved in a vehicular accident or a collision. The extent of your coverage will depend on your policy type, but it can include:

• Bodily injury: If one of your vehicles is responsible for an accident that causes injuries or death, commercial auto insurance can help pay for some of the medical or legal costs.
• Property damage: Commercial auto insurance can also cover costs of third-party property damage and could potentially provide assistance in case of a lawsuit.

    4. Contractors Insurance

Contractors insurance is also a must if you’re an OHBA member who’s starting out in the skilled trades sector. This is often used to protect companies, individual contractors, and subcontractors against costs arising from unfortunate accidents and covers expenses related to damage to third-party property, bodily injuries of a third-party individual, and completed work that causes injuries to an individual or someone else’s property.

Additionally, contractors insurance also provides protection in case you or your company is sued for reputational injuries like slander or libel.

Discover the Best Insurance Solutions with KASE Insurance

KASE Insurance is an award-winning, specialty commercial insurance brokerage in Canada and the trusted choice by a wide range of clients—from solo contractors to companies with revenues exceeding $50 million.

Because of our customer-centric services led by a team of expert brokers, we are also the top-choice insurance provider of Ontario Home Builders Association members.

As your trusted partner, we’ll provide you with insurance policies that are tailored specifically to your business’s needs—and we guarantee that you’ll never have to deal with hidden fees or unnecessary riders.

Our team is ready to assist you with any questions you might have, so feel free to contact us today for more information on our services. You may also call us now to get a quick quote!