Fast, Flexible, and Fully Covered: What Brokers Need to Know About Construction Coverage

April 15, 2026

Canada’s construction industry is one of the most dynamic sectors in the national economy. From high-rise condominiums and commercial developments to civil infrastructure projects and large-scale renovations, every build carries a unique set of risks. Delays, property damage, third-party liability, and environmental hazards can derail even the most carefully planned projects.

For brokers placing construction risks, understanding available coverage is essential. This post explores the key components of SPG Canada’s Construction coverage and what makes it a strong fit for Canadian projects.

1- Built for the Full Spectrum of Canadian Projects

One of the defining features of SPG Canada’s Construction policy is its breadth. The coverage protects against loss or damage to both new and existing physical property during construction. Whether the project is a ground-up commercial build, a residential condominium development, a civil infrastructure initiative, or a renovation effort, the policy adapts to the scope of the work.

Ground-up projects also benefit from no minimum premium, making this an accessible option for a diverse portfolio of risks. Target classes include commercial projects across all occupancies, residential developments such as condos, townhomes, and high-value homes, civil infrastructure, renovation, remediation, in-progress projects, and builder’s blanket builder programs.

2- Builder’s Risk Coverage That Scales

At the core of the Construction policy is a robust builder’s risk (course of construction) form. Limits are available up to $100 million for large frame construction and $150 million or more for non-combustible and fire-resistive structures. The policy uses an all-risk comprehensive form with a broad named insured clause, ensuring the parties involved in a project are properly covered.

Additional highlights include transit and off-site coverage, soft costs and delay of opening, equipment breakdown coverage, and broad extensions for blanket by-laws, fees and expenses, and CCDC and DE4 compliance. These features give brokers the tools to structure protection for projects of virtually any scale.

3- Liability Solutions for Every Stage

Wrap-up and CGL liability coverage is equally flexible, with limits available up to $100 million. The policy includes a broad additional insured clause and completed operations coverage for up to 36 months, providing long-tail protection after project handover. Broad form completed operations, time element pollution coverage, forest fire fighting expense coverage, and a property damage only deductible option round out the liability offering. For projects with environmental exposure, environmental impairment liability coverage is also available, addressing risks related to pollution conditions that can arise during construction and remediation work.

The Final Thought

With comprehensive wordings, flexible terms, and an extensive array of coverage extensions, SPG Canada’s Construction coverage meets the demands of an industry that never stands still. Backed by Specialty Claims Canada for 24/7 claims support, brokers and their clients benefit from seamless service from inception through claims resolution.

Is your client’s construction coverage keeping pace with the complexity of their projects?

Ready to explore construction coverage options for your clients?
constructions@spgcanada.ca