Business Insurance for Trades Professionals

Who is this coverage for?

AMA Business Insurance for Trades Professionals is perfect for contractors and tradespeople from a wide variety of fields including:

  • Carpentry
  • Plumbing
  • HVAC
  • Landscaping
  • Electricians
  • Electronic Installation
  • Concrete and Masonry
  • Interior and Exterior Renovations and Repair
  • Appliance and Equipment Repair

What’s included in my coverage?

All AMA Business Insurance for Trades Professionals packages include the following coverages:

Property Coverage

  • Commercial Building and Contents – This is what you’re here for. This is the primary property coverage for your business, protecting your building, equipment and stock. In addition to basic protection, we’ve put together a package to take care of the specifics for your business.
  • Home Office Coverage – Working from home in addition to at the shop or on the job site? We’ve got your home office contents covered too!
  • Enhanced Water Endorsement – We all know the damage a spring thaw or summer storm in Alberta can do. This coverage insures you against water damage to your building, stock and equipment caused by a sewer backing up or by flooding caused by heavy rainfall, spring melting or a river or lake overflowing.

Liability Coverage

  • Commercial General Liability – • Alongside your commercial building and contents protection, this is the big one you need to protect your business if something goes wrong and you’re found responsible. This liability coverage provides insurance when you’re legally obligated to pay for injury and damage to others or their property. AMA will cover you for bodily injury, property damage, personal and advertising injury, medical expense payments and tenant’s legal liability.
  • Additional Insured – If your business is required to insure someone else on your coverage — for example a landlord for your building or a general contractor you’re doing work for – we can extend your coverage to that person or party as part of your package.
  • Broad Form Completed Operations Extension – • Typically, the work you do is excluded from your general liability coverage. But if something goes wrong with your work, this extension adds coverage for damages caused to other property as a result of that mishap.

Crime Coverage

  • This one’s pretty straightforward: it protects you against losses caused by theft, robbery, employee dishonesty or counterfeiting.

Business Interruption Coverage

  • If the worst happens and you suffer a loss that forces you to close the business while you recover, this coverage will replace the lost income.

Every Business Insurance package comes with a number of other coverages and safeguards in addition to those listed above. For full details, speak to one of our Business Insurance Advisors.

What other coverages are available?

What’s listed above are just some of the standard coverages included in our Business Insurance for Trades Professionals package. We know that every business is unique, and sometimes you’ll need to add coverage to fit your needs when you’re on the job. That’s why we offer a number of additional coverages that you can add on, including the following:

  • Miscellaneous Property Form — This coverage protects your property when it’s on the move. If you’re constantly taking your tools from job to job, this is what you need to cover it when it’s away from your work space or office.
  • Contractor’s Equipment Form – If you’re carrying around a lot of expensive equipment from job site to job site, this is the coverage you need. It offers higher limits to replace your equipment than the Miscellaneous Property Form and offers numerous additions should you need them, including replacement cost for newer equipment, coverage for equipment you’re renting or leasing, coverage for renting new equipment if yours has suffered a loss or coverage if you break through ice or muskeg.
  • Installation – This coverage protects property being installed on a job site while the property is away from your premises and waiting to be installed.

Ready to get down to business?

Give our agents a shout at 1-800-615-5897 and they'll be happy to give you a quick, no obligation quote. Or, you can visit us in centre - we love to mingle with our favorite business owners!