Project asset protection
Comprehensive coverage for in-progress builds
From residential developments to large commercial structures, active jobsite risks can derail budgets and timelines. Our specialized policies absorb unexpected losses, keeping your project financially secure through every phase of construction.
Structure & physical project
Protect the physical structure and hard costs of your build against unexpected damage from fire, severe weather, vandalism, theft, and structural collapse. Extended protection is also available for optional perils like flood, earthquake, and sewer backup.
Materials in transit & off-site
Insure uninstalled fixtures and building materials against theft, loss, or damage while stored off-site or in transit. Uninstalled fixtures and building materials against theft, loss, or damage while stored off-site or in transit to your jobsite.
Testing & commissioning
Safeguard mechanical, electrical, and plumbing infrastructure against sudden damage during initial start-up testing, commissioning, or pressure checks.
Temporary structures & scaffolding
Cover physical damage to site trailers, scaffolding, staging equipment, formwork, and temporary fencing erected during the active build phase.
Soft costs & delay in opening
Offset mounting financial losses if a delay pushes back project completion. This includes coverage for extended loan interest, real estate taxes, permit fees, architectural costs, and lost income.
The Navacord advantage
Strategic risk support for project owners & contractors
We combine deep construction market access with site risk management to safeguard your capital investments and project timelines.
Multi-party policy alignment
We build flexible policy terms that properly align owners, general contractors, sub-trades, and lenders to ensure compliance and eliminate coverage gaps.
Phased & milestone coverage
Drawing on expertise across commercial, residential multi-family, and civil infrastructure, we help ensure your course of construction coverage aligns with your project's scope and timeline from the outset. Should project delays occur, our team supports you through securing the necessary policy extensions.
Site-level loss support
Our in-house claims advocacy team understands jobsite logistics, working directly with specialized construction underwriters to secure swift, fair property settlements.
FAQs for course of construction insurance
Yes, these terms are used interchangeably across the Canadian construction industry. Both refer to specialized property insurance designed to protect buildings and structures while currently under construction or renovation.
Either the property owner or the general contractor can secure the policy. However, the policy should properly list all project stakeholders (including owners, general contractors, sub-trades, and lenders) as insured parties to prevent coverage gaps.
No. Course of construction insurance covers the physical building and uninstalled project materials. Contractors’ portable tools, mobile equipment, and heavy machinery require a separate contractor’s equipment floater policy.
If your build experiences delays, you must notify your broker before the policy expires. Most insurers allow policy extensions, provided work hasn’t lapsed or sat abandoned for extended periods.
No. This is a property policy that covers physical damage to the project itself. Third-party bodily injuries or accidental property damage to neighboring buildings require commercial general liability (CGL) or wrap-up liability coverage.
