Insurance Business Canada has recognized the top construction insurance providers in the country through its 5-Star Construction report, compiled from broker feedback. Key criteria for evaluating insurers included coverage, claims processing speed, and underwriting experience, with a significant focus on environmental liabilities reflecting an evolving market landscape. Brokers emphasized the importance of timeliness and tailored solutions, as well as the need for ongoing education and expertise in handling construction risks. The report highlights a growing demand for effective insurance solutions amid challenges like economic uncertainty and labor shortages in the construction industry.
