Broker Essentials Contractor Site Risks
Job sites are a major part of any contractor's exposures. This course reviews the property and surety risks that require attention. Risk Management basics guide these discussions.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Builder's Risk
Review Builders Risk coverage for property under construction, including replacement cost settlement, insured project property, occupancy and cessation triggers, key exclusions, offsite extensions, debris removal, and premium adjustment.
Surety Basics
Review contract surety basics, including the three-party bond relationship, principal, obligee, surety, penal sum, bond term, indemnity, prequalification, and why bonds are not insurance policies.
Risk Management Basics
Review risk management basics, pure risk, change-agent challenges, program advantages, loss control, financial stability, compliance, reputation protection, and the broker's advisory role.
About the course
This course provides brokers with a practical review of Builders Risk, contract surety, and risk management fundamentals. Participants begin with Builders Risk, including project property, replacement cost coverage, occupancy and cessation triggers, exclusions, and offsite extensions. The course then examines surety bonds, including the principal, obligee and surety relationship, penal sums, indemnity, and contractor prequalification. The course concludes with risk management, including pure risk, business exposures, risk controls, change management, and the broker’s advisory role.
Meet Your Instructor
For more than four decades, Todd Hochban has worked with Canadian insurance brokers, helping them better understand property and casualty insurance through practical, real-world education. As a seasoned educator, industry speaker, and course developer, he has trained thousands of brokers across Canada, translating complex insurance concepts into clear, actionable learning. Every BrokerBytes course is designed with one goal in mind: to provide practical knowledge that brokers can immediately apply in conversations with clients, underwriting submissions, and claims situations. Rather than focusing on theory alone, these lessons emphasize the issues brokers encounter every day. Whether you're new to the industry or building on years of experience, BrokerBytes delivers concise, focused learning designed for today's busy insurance professional.