For customer service and all business enquiries, call +1 441 295 5566  |  For website support or to set up an online account, call +1 441 298 0301

The application process for the one-time Pension Withdrawal of up to $6,000 per the COVID-19 Pension Act Amendment is open. Click here for details or to apply
For questions regarding the pension withdrawal, call +1 441 298 0358 or email

Back to FAQs

Do I need Contractors' All Risk insurance if I already have Property or Liability Coverage?

Standard coverage on Home and Commercial Property insurance policies does not extend to include contract work, renovations, extensions, demolition, and other work that is taking place on your premises.

As such, Contractors' All Risk insurance is necessary to cover the property under construction, as well as the original structure while it is in the contractor’s control. It can also provide Public Liability insurance cover specific to the job. So, if a member of the public is killed or injured, or their property is damaged as a result of your negligence, including that of your employees, the damages awarded against you by a court of law plus the legal costs of your defense will be covered up to the policy limit.

More Construction FAQs

Didn't find what you were looking for?

Call a BF&M representative for more information.