Course of Construction

Course of Construction insurance is a specialty property policy that protects owners, contractors and subcontractors from the devastating impact of fires, floods, vandalism, theft, and other unexpected losses to a construction project.  TruStar’s solution can form part of Owner Controlled Insurance Programs (OCIPs) and Contractor Controlled Insurance Programs (CCIPs), and can be structured for an individual project or as a Master policy.

Available Capacity:

Up to $50,000,000 for new projects no larger than six storeys, including up to $10,000,000 limits for Wood Frame projects.

Minimum Premium:

$25,000

Target Projects:

  • Single structure condominiums or rental apartment buildings
  • Single structure health and senior care facilities (no larger than four storeys)
  • Multi-structure town home developments (no larger than three storeys)
  • Single family dwellings (both on a single structure and multi-structure basis, including new subdivisions)

Wrap Up Liability

Wrap Up Liability is a specialty policy type that protects the parties of a construction team from the general liability exposures that exist during the course of a construction project and into its completed-operations period. TruStar’s solution can form part of Owner Controlled Insurance Programs (OCIPs) and Contractor Controlled Insurance Programs (CCIPs), and can be structured as a primary or excess policy.

Available Capacity:

Up to $25,000,000, and up to $100,000,000 for excess policies.

Minimum Premium:

$5,000

Target Projects:

  • Single structure condominiums or rental apartment buildings (no larger than six storeys)
  • Single structure health and senior care facilities (no larger than four storeys)
  • Multi-structure town home developments (no larger than three storeys)
  • Single family dwellings (both on a single structure and multi-structure basis, including new subdivisions)
  • Commercial, industrial and institutional projects (including single and multi-tenant occupancies)
  • Civil projects (including infrastructure, highways and roads, sewers and watermains)

Commercial General Liability

Commercial General Liability is one of the most widely bought liability policy types in Canada.  Its coverage protects businesses from claims for bodily or personal injury, advertising injury, and property damage to third parties caused by the product it sells, the services it provides, or an incident that occurred on its premises.

Available Capacity:

Up to $5,000,000 for Canadian-domiciled policyholders, including those with international sales.

Minimum Premium:

$5,000

Target Classes:

  • Contractors (incl. blasting, concrete services, electrical services, excavation, mechanical services, paving and road construction, restoration and remediation services, sewer and watermain services, waterproofing, and welding)
  • Business and personal services
  • Manufacturing and wholesale (incl. construction materials, plastics, protective products, rubber products, and wood products)

Contractors Pollution Liability

Contractors Pollution Liability is a specialty policy type that protects contractors from the pollution conditions and environmental liabilities that may result from their operations and completed work. This policy provides coverage for third party bodily injury and third party property or environmental damage (including clean-up costs), which are often excluded from general liability products.

Available Capacity:

Up to $5,000,000 for Canadian-domiciled policyholders, with very limited to no exposure to the United States.

Minimum Premium:

$5,000

Target Classes:

  • Asbestos, lead and mould abatement
  • Demolition
  • Excavation
  • Fire and flood services
  • Mechanical services
  • Paving and road construction
  • Restoration and remediation services
  • Sewer and watermain services
  • Waterproofing
  • Welding

Excess and Umbrella Liability

Excess and Umbrella Liability policies provide additional protection from catastrophic commercial liability losses and can supplement any coverage gaps in an underlying policy. TruStar offers the flexibility of Claims-Made or Occurrence based coverage that can integrate seamlessly with the underlying policy, regardless of its insuring agreements.

Available Capacity:

Up to $25,000,000 for Canadian-domiciled policyholders, including those with international sales.

Minimum Premium:

$7,500

Target Classes:

  • Contractors (incl. blasting, concrete services, electrical services, excavation, mechanical services, paving and road construction, restoration and remediation services, sewer and watermain services, waterproofing, and welding)
  • Business and personal services
  • Manufacturing and wholesale (incl. construction materials, plastics, protective products, rubber products, and wood products)

Architects & Engineers Professional Liability

Architects & Engineers are held to a higher standard professional care, than a nonprofessional. Even with the best risk management practices in place, mistakes can happen. Our customized A&E form is designed to meet the varied needs of Architects & Engineers in the event that a third-party files a suit. Along with increasing settlements and defence costs, our A&E policy can protect you even when allegations are found to be groundless.

TruStar’s Architects & Engineers Professional Liability solution can be structured on a primary or excess basis and be tailored to a variety of professional classes and sizes. Our bespoke wording generally covers:

  • Defined professional services specific to the insured’s operations
  • Bodily Injury and Property Damage coverage in addition to third party financial loss, arising from your Professional Services
  • Worldwide Territory, suit in Canada
  • $5mm capacity
  • Automatic 60-day ERP
  • Supplemental Payments & Additional Payments e.g.
    • Defense Costs for Disciplinary Action
    • Occupational Health & Safety Act proceedings
    • Loss of Documents
    • Reasonable Expenses incurred by the Insured

This policy can also include separate coverage modules for Cyber Liability, Commercial General Liability and Commercial Property. Certain supplementary underwriting information may be required.

Submission Essentials

To help our team provide the best possible underwriting experience, please include the following information as part of an Applicant’s submission:

  • Completed and Signed Application
  • Description of Professional Services (incl. Revenue Distribution)
  • Copy of the Applicant’s Resume(s)
  • Detailed Loss History
  • Coverage Requested
  • Details of Expiring Coverage (Incumbent Insurer and Expiring Premium)

Financial Agents Professional Liability

Financial Agents are facing increased regulatory scrutiny, heightened investor sensitivity, and more frequent accusations of professional negligence. TruStar’s Financial Agents Professional Liability programs are carefully designed to protect licensed financial professionals from the costly litigation and settlements that can result from these claims.

Available Capacity:

Up to $5,000,000 per Certificate.

Target Program Types:

  • Sponsored and Non-Sponsored structures for more than 50 agents
  • Registered agents who hold any combination of the LLQP, MFDA and IIROC licenses

Corporate Professional Liability

Financial services firms, including life insurance agencies and investment dealers, can be held directly or vicariously liable for a financial loss that resulted from an error or omission made by the firm or one of its agents or unlicensed employees. TruStar’s Corporate Professional Liability solutions can be purchased independently or to supplement an existing Financial Agents Professional Liability policy.

Available Capacity:

Up to $5,000,000 for Canadian-domiciled firms.

Minimum Premium:

$500

Target Firms:

  • LLQP licensed Life Insurance agencies, including those who sell Accident and Sickness Insurance
  • MFDA licensed Mutual Fund dealers
  • IIROC licensed Securities dealers

Miscellaneous Professional Liability

Professionals of all types can overlook critical information or make a misstep when performing their services. TruStar’s Miscellaneous Professional Liability solution is a flexible specialty policy that adapts to the unique risk exposures of many service providers. Its coverage responds to claims of negligence, errors or omissions in the performance of a covered professional service.

Available Capacity:

Up to $5,000,000 for Canadian-domiciled professionals.

Minimum Premium:

$1,000

Target Professional Services:

  • Paralegals
  • Commercial Printers
  • Safety Consultants
  • Event Planners
  • Bookkeepers
  • Quality Control Professionals and Quality Surveyors
  • Mediators (including ADR Professionals)
  • Career Counsellors
  • Court Reporters
  • Staffing Agencies
  • Property Managers

Management Liability

TruStar’s Management Liability policy is designed to protect directors and officers and the businesses they serve from a variety of management risks. Its modular structure includes coverage for Directors and Officers Liability, Employment Practices Liability and Fiduciary Liability, which can share an aggregate limit or be purchased separately. This policy can be underwritten on a primary or excess basis.

Available Capacity:

Up to $5,000,000 for Canadian-domiciled private corporations or not-for-profit organizations.

Minimum Premium:

$5,000

Target Classes:

  • Real estate developers
  • Technology companies
  • Business services
  • Professional services
  • Consumer products
  • Food and beverage
  • Industrial services
  • Manufacturing
  • Associations