Calgary Construction Insurance
Build with confidence: Construction insurance made for Calgary businesses
If you own or operate a construction business in Calgary, Acera Insurance can help protect your company with tailored construction insurance solutions. From small to large-scale builders, we offer a wide range of coverage options designed to meet your unique risks and budget.
Our experienced construction insurance brokers will work with you to:
- Assess your risks and determine the coverage you need
- Shop multiple insurers to find competitive rates
- Provide expert guidance to keep your business protected as it develops
As an independent, employee-owned brokerage, we work for you – not the insurance companies. That means we have access to a wide network of insurers and can deliver competitive construction insurance quotes designed to fit your business.
Acera Insurance is a proud affiliate of the Calgary Construction Association, Alberta Roadbuilders & Heavy Construction Association, Surety Association of Canada, and Alberta Ready-Mixed Concrete Association. With deep ties to the construction industry, you can trust that we understand your challenges and have the expertise to protect your livelihood.
Contact us today for your free construction insurance quote and learn how we can help secure your business from the ground up.
Key construction insurance coverages for Calgary developers
Every construction business is different, and the type of work you do influences the coverage you need. Our experienced Calgary construction insurance brokers partner with you to create a protection plan that fits your projects, your risks, and your budget.
Recommended Calgary construction insurance coverages include:
- Commercial General Liability (CGL) – Protects you against accusations of third-party property damage or bodily injury on your office/shop premises, job sites or while visiting clients.
- Property Insurance – Protects your company’s physical assets, including buildings, equipment, tools, materials, inventory, and office contents, against risks like fire, theft, or vandalism.
- Builder’s Risk (Course of Construction) – Covers damage or loss to buildings and structures under construction, including labour, equipment, and materials, until the project is complete.
- Wrap-Up Liability – Ideal for large-scale construction projects, this blanket liability coverage protects the project owner, contractors, and subcontractors.
- Equipment & Tools Coverage – Protects important equipment and tools whether they are at your Calgary job site, in transit, or stored at your premises.
- Equipment Breakdown Insurance – Protects fixed, permanently installed equipment (such as boilers, pressure vessels, HVAC, or electrical systems) against sudden and accidental mechanical, electrical, or pressure breakdowns.
- Crime Coverage – Protects your business from financial losses caused by crimes such as employee theft, fraud, embezzlement, forgery, or other dishonest acts.
- Commercial Auto Insurance – Essential if you own or operate vehicles for work. Alberta requires third-party liability, accident benefits, and direct compensation property damage coverage at a minimum. Additional coverage can further protect your vehicles from physical damage, theft, hail, and vandalism.
- Environmental Liability Insurance – Protects your business against claims of pollution, contamination, or other environmental damage caused during or related to construction activities.
- Directors & Officers Liability (D&O) – This coverage protects directors and officers by helping with financial losses and defence costs in the event legal action is taken for alleged wrongful acts or a breach of duty.
- Employment Practices Liability (EPL) – Provides the necessary resources to defend your company against a suit or to pay a claim. It is used to mitigate risks of common employment-related lawsuits.
- Cyber Insurance & Privacy Breach – Protection against cyberattacks and data breaches, as well as coverage related to network recovery, extortion, fines and reputational harm.
- Surety & Bonds – Often required for large or government projects, bonds demonstrate your company’s financial stability and commitment to completing the work as promised.
At Acera Insurance, we’ll build a construction insurance program that supports your operations and protects your bottom line.
Who needs construction insurance in Calgary?
If you work in Calgary’s construction industry, having the right insurance coverage is essential. Whether you’re building homes, managing large-scale infrastructure projects, or providing specialized trade services, construction insurance helps protect your business, employees, equipment, and clients from costly risks.
We specialize in providing insurance and risk management solutions for major construction projects locally, nationally and globally. Whatever you’re building, we’ve got the coverage for you.
- Commercial, Industrial & Retail Developments
- Community Amenities
- Home Construction
- Hospitality & Gaming
- Multi-family Structures
- Office & Residential High-rises
- Public Infrastructure Works
- Renovations
Calgary construction insurance claims examples
Equipment theft from job site
Heavy machinery and multiple power tools are stolen overnight from a construction site in Seton. The theft delays the project and requires costly replacements. Construction equipment insurance allows rental of replacement of equipment to keep project going and replacement costs to acquire new equipment.
Environmental liability
During excavation at an industrial site, a crew accidentally ruptures an underground fuel tank, leading to soil contamination and cleanup costs. Environmental liability insurance helps cover remediation and related expenses.
Employment practices dispute
A former project foreman alleges wrongful termination and discrimination after dismissal from a Calgary warehouse build. Employment practices liability insurance helps cover defense costs, potential settlements, and related expenses.
How much does construction insurance cost in Calgary?
Projecting construction insurance costs can be challenging. Some coverages, like commercial general liability and commercial auto, are typically fixed annual policies. However, every construction project carries its own risks and requires additional, project-specific coverage.
For mid-sized Calgary construction companies, annual policy costs generally range from $2,500 to $15,000+. On top of that, individual project coverage may add anywhere from $2,500 to $50,000+, depending on the project’s size, scope, and risk factors.
The cost of construction insurance in Calgary depends on several factors, including:
- Your insurance and claims history
- The full scope of the construction services and work you perform
- The value of the construction project (or rebuilding cost)
- Location of where you’re working, which indicates the frequency of natural disasters as well as the crime and claim rates of the area and the distance from fire services
- The value of materials and tools that are mobile or stored on site
- Business size and annual revenue
- Number of employees and use of sub-contractors
- Risk management strategies
- Specific coverage needs and limits
There may be other influences on the price of construction insurance. When it comes to cost and coverage, our knowledgeable brokers can help you find the best value for your money.
Top three benefits of Calgary construction insurance for developers
Liability protection for construction developers
Large-scale projects in Calgary expose developers to serious risks, such as third-party property damage. Without coverage, even a single lawsuit could result thousands of dollars in legal expenses. Important coverages, such as commercial general liability, provides critical protection by covering costly defense costs in the event of a lawsuit.
Safeguarding project investments and timelines
Unexpected events, such as equipment losses, can delay a construction project and inflate costs. Having the right insurance in place can help provide the resources and support required to get up and running as quickly as possible. For developers, this means projects stay on schedule and budgets remain under control.
Meeting contract and lender requirements
Most commercial and residential developments in Calgary require proof of insurance before construction can begin. Comprehensive Calgary construction insurance not only ensures compliance with contractual obligations but also strengthens a developer’s credibility with partners and investors. Carrying the right coverage demonstrates professionalism and reduces risk for everyone involved.
Why trust Acera Insurance for your Calgary construction insurance?
For over 60 years, Acera Insurance has been protecting Calgary’s construction industry with expert advice, competitive rates, and hands-on service.
As an independent brokerage, we work for you – not for the insurance companies. That means we have access to a wide range of insurers and markets, giving you competitive quotes and coverage options tailored to your business.
Here’s why Calgary builders and construction businesses trust us:
- Decades of local expertise – We understand Calgary’s construction market and its unique risks, from residential renovations to major infrastructure projects.
- Choice and flexibility – With access to multiple insurers, we find coverage that fits your needs and your budget.
- Personalized service – Our brokers take the time to assess your risks, clarify your options, and help you make informed decisions.
- Claims advocacy – If you experience a loss, we act as your advocate, helping to navigate the claims process quickly and effectively.
- Risk management guidance – Beyond insurance, we help you identify risks and implement strategies to reduce them, protecting your business long-term.
Whether you’re building homes or managing commercial projects, Acera Insurance is a trusted partner for Calgary’s construction professionals.
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