Acera Insurance’s David Green, Director, Construction, is featured in Construction Business magazine, discussing how wildfires are impacting insurance timelines for construction projects — both new builds and completed works.
“As the severity of wildfires continues to grow and encroach on populated areas, insurers are restricting when and where they’ll provide [insurance] coverage; meaning prime construction months are increasingly being considered uninsurable in parts of [Canada] at some point of the year.”
— David Green, Director, Construction
Most insurers will not attach coverage to a new or completed project if there is a wildfire within a 50-km radius, so David says builders and contractors will need to avoid peak wildfire months (typically July and August in Canada) when starting or finishing a construction project.
Insurance insights: How should the construction industry respond to wildfires?
The construction industry will need to pursue new timelines in order to navigate the escalating risks of wildfires across Canada, and the impact it’s having on insurance.
Learn more about David’s recommendations that can help the construction industry keep building and secure the insurance coverage they need.