Construction & Bonding
From the developers and engineers to the builders and contractors, a construction project is a complicated endeavour.
For decades, McLean & Shaw has taken the worry out of risk assessment in Alberta’s thriving construction sector, helping businesses fully understand how to protect themselves and determining what construction insurance coverage they need, from conception to completion.
McLean & Shaw’s expert risk assessors are fully knowledgeable in the many aspects of construction insurance and will walk you through every potential hazard involved in the trade, covering more than general liability. Depending on the coverage you choose, we can help provide protection in situations such as fire, floods, work interruptions, vandalism, or forms of litigation that may arise throughout the course of the project.
Let McLean & Shaw provide the blueprint for a worry free construction site.
Areas of expertise include:
- Course of construction including residential and commercial
- Industrial facilities
- Road construction
- Wrap-up liability
With years of experience working as an independent company, McLean & Shaw recognizes the need to protect owners from liability and minimize the risk of operating a company using bonding insurance.
Bonding is based on the services a company performs and ensures a guarantee of payment for incidences like client property damage or employee fraud. Several types of businesses from travel agencies and transportation companies to contractors and security firms benefit from the reduced risk in having some form of bonding insurance. Bonding insurance not only lends credibility to your firm, it’s also required by law for some businesses. In fact, most government contracts are required to work exclusively with bonded businesses.
Our team of experts will work alongside you and carefully explain the options available, such as contract bonds (which cover client compensation if contractual obligations aren’t met), fidelity bonds (which cover such situations as theft, fraud and property damage), as well as a number of miscellaneous bonding options that might benefit your business.
McLean & Shaw recognizes the work a contractor puts into a job and the instability that may occur between construction projects, especially when trying to build a steady client base. That’s why we develop comprehensive insurance packages tailored to contractors, covering everything from protection for equipment, building and office, contents and liabilities associated with crime and legalities.
We can provide protection for a number of contractor positions including:
- electrical work
- door and window installation
- road paving
- concrete and cement work
- land grading
- finishing trades
- specialty contractors
We ensure that coverage extends to other factors that go with your specific job including installation, tools, and computer breakdowns. There’s also replacement cost valuation on contractors’ equipment up to 60 months and equipment rental reimbursement expense and contractors equipment loss of earnings coverage.
We’ll take into account liability extension policies covering building material replacement costs, crane and hoist operator liability, and limited coverage for the failure of work meeting written specifications.
Make sure you have the necessary liability insurance you need to limit the stress every time you take on a major project.
Contact us for more information.