Waterproofing contractors play a critical role in protecting buildings from water damage, but their work comes with high-risk exposures that standard insurance policies often overlook. From excavation for exterior waterproofing and damage to existing structures, conduits, power lines or watermains, to protection building owners’ properties for exterior waterproofing.
SWG Specialty’s customized Commercial general liability provides solutions designed to safeguard waterproofing businesses and help them thrive in a competitive market.
Top Risks Faced by Waterproofing Contractors
Understanding the risks is the first step toward effective protection. Here are the most common exposures:
- Faulty Workmanship and Product
Improper installation or faulty membranes can cause water intrusion and structural damage, leading to costly repairs or even litigation.
- Equipment
Specialized tools and Contractor’s Equipment are essential for waterproofing jobs, making theft and breakdowns a major concern.
- Environmental and Weather-Related Damage
Heavy rains, flooding, and freeze-thaw cycles can disrupt projects and damage materials.
Why Standard Insurance Isn’t Enough
Generic policies often leave gaps in coverage for niche contractors. Common exclusions include project delays and contractual penalties as well as specialized equipment breakdown.
Without tailored coverage, contractors risk financial instability and reputational harm.
Discover SWG Specialty’s Comprehensive Insurance Solutions
SWG Specialty has over 30 years of experience underwriting hard-to-place risks for Canadian contractors. Our portfolio includes:
- Commercial General Liability (CGL)
Protection against bodily injury and property damage claims.
- Commercial Property Coverage
Safeguards tools, equipment, and job sites from theft or damage.
- Professional Liability (E&O)
Protects against errors and omissions for faulty design or advice.
- Excess/Umbrella Liability
Additional coverage limits for high-value projects.
- Inland Marine
Covers equipment in transit or on-site.
These solutions are designed to meet contractual requirements, mitigate unforeseen risks, and ensure business continuity, even during project delays.
Partner With SWG Specialty!
Insurance brokers: Connect with our dedicated underwriting team to explore tailored solutions for waterproofing contractors.
