Why choose us?
Our specialized team understands the needs of the construction industry and will guide you to the best options for your business. If you're a contractor, we can help you manage your finances and grow your business, no matter what size it is. Thanks to our partner RenoAssistance external link, we can also help you expand your client base.
Construction insurance
Protect your business against costly accidents and other potential losses.
Our insurance can be customized for your construction business, but a typical policy includes the following coverages:
- Commercial general liability insurance can cover your business against claims or lawsuits from third parties who have suffered bodily injury, property damage or other harm.
- Equipment breakdown insurance can cover the repair or replacement of your equipment and tools if they suddenly and accidentally break down on the insured premises.
- Builder's risk insurance can cover the risk of loss or deterioration in buildings under construction (including the value of assets, risk of collapse and theft or vandalism).
- Commercial vehicle insurance can cover your commercial vehicle (such as a truck, delivery van, SUV or tool trailer) and the risks associated with its use.
You could save up to 15%
Construction financing and loans
Find the right financing for your projects so you have access to cash when you need it, whether you're in the start-up or growth stage.
Visa* Business Freedom Solutions package
If you're looking for under $100,000 in financing, this is a 3-in-1 solution that helps you cover day-to-day operating expenses.
Operating line of credit
If you need over $100,000 to meet day-to-day operating needs, this line of credit lets you finance your accounts receivable and protect your business against cash flow shortages.
Visa* Business Freedom Solutions package
If you're looking for under $100,000 in financing, this is a 3-in-1 solution that helps you cover day-to-day operating expenses.
Operating line of credit
This line of credit lets you finance your accounts receivable and protect your business against cash flow shortages.
Business savings account
Looking to put some money aside to grow while keeping easy access to it? The Enhanced Investment Business Account is a simple way to save with no monthly fee.
Solutions for employers
We have a team of advisors who specialize in payroll for construction companies and are available to answer questions and provide support.
Our payroll management solution is designed to comply with regulatory requirements for Canada and the Commission de la construction du Québec (CCQ). Its features include:
- CCQ rates management
- Report and remittance management
- Flexible time tracking
Deals from our partners
Our trusted partners offer services in various fields at preferential rates.
FAQ
Construction insurance is a type of business insurance that provides general and optional coverages to meet the needs of construction businesses. Common coverages include:
- Commercial general liability insurance
- Builder's risk insurance
- Installation floater insurance
- Commercial property insurance for tools and equipment
It depends. Many factors affect the cost of property and liability insurance. For example, the location of your job site, the size of your business and the type of work you do can all influence your premium.
Get a business insurance quote to find out how much it could cost.
As part of the Trade Expansion Lending Program (TELP) External link., we offer a line of credit at a special rate and share the risk with Export Development Canada. Contact your account manager for more information.
We offer two financing solutions for these types of one-time expenses:
- If you need $100,000 or less: Accord D Business financing has repayment terms of 1 to 7 years.
- If you need more than $100,000: a term loan has flexible repayment terms and the option to re-borrow all or a portion of the repaid principal amount.
A letter of guarantee is a commitment from a financial institution to ensure that your business partner will still get paid in the event that your business is unable to pay them. It might be required if you win a construction bid, for example. The amount and terms are based on the transaction requirements and the money is paid out at the beneficiary's request.
We can provide letters of guarantee upon request. Contact your account manager for more information.
Get this offer
Contact your account manager for personalized assistance.
If you don't have an account manager, contact our team.
Or we can call you when it's convenient.