Hub International Limited, a leading global insurance brokerage, has launched an exclusive HUB Wrap-Up Liability Insurance solution tailored for construction projects in Canada. This innovative offering consolidates coverage for commercial construction, real estate development, and renovation projects, addressing coverage gaps and liability risks across diverse sectors like real estate, education, healthcare, and agribusiness.
HUB launches Wrap-Up Liability Insurance for Canadian construction.
Consolidates coverage for contractors, owners, and developers.
Minimizes coverage gaps and administrative inefficiencies.
Offers comprehensive protection for bodily injury and property damage.
Includes coverage for existing structures in renovation projects.
Provides 24-hour application turnaround and expert support.
Coordinating liability coverage among general contractors, subcontractors, project owners, and developers often results in coverage gaps, delays, and inconsistent claims outcomes. HUB’s Wrap-Up Liability Insurance addresses these challenges by providing a centralized insurance solution. This approach streamlines policy management, reduces administrative burdens, and ensures consistent protection throughout the project lifecycle.
The HUB Wrap-Up Liability Insurance offers robust protection against third-party bodily injury, property damage, and completed operations during construction projects. For renovation projects, it includes critical coverage for damage to existing structures, mitigating risks associated with new exposures. Eligible projects span new builds, developments, and renovations in sectors such as real estate, education, healthcare, and agribusiness.
“HUB Wrap-Up Liability Insurance is designed to eliminate ambiguity by combining best-in-class terms and conditions, pricing, and tailored protection,” said Tyler Townsend, National Practice Leader for Construction in Canada. “Clients benefit from exclusive terms and competitive pricing, plus fast 24-hour application turnaround and expert support from HUB’s construction risk team.” This ensures clients receive swift, reliable service backed by specialized expertise.
By consolidating coverage, HUB’s solution minimizes the risks associated with relying on multiple individual policies. The centralized approach enhances clarity, reduces the potential for disputes, and supports smoother project execution. This offering reflects HUB’s commitment to delivering innovative insurance solutions that meet the evolving needs of the construction industry in Canada.
HUB International’s Wrap-Up Liability Insurance marks a significant advancement in construction risk management. By providing comprehensive, streamlined coverage, HUB empowers clients to focus on project success while minimizing liability risks and administrative complexities.
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 19,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.
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