Construction Insurance and Surety Bonds

Are you protected and confident in managing your company’s risk? Let the insurance and risk management experts help you gain a practical understanding of insurance and construction surety bonds.

In the first half of this session, you will get an overview of the insurance products needed to address the standard requirements found in the most common construction contracts used in Canada. You will learn how the annual package of insurance products maintained by most contractors applies to meet these requirements, and which other insurance policies must be arranged specifically for each job that a contractor undertakes.

The second half of this session focuses on construction surety bonds and how they are used to protect owners and contractors in construction contracts. By the end of this session, you will know what steps are involved in setting up a bond facility, how underwriters evaluate a contractor, and when the various bonds are used in the construction process.


  • Insurance:
    • Insurance requirements of the standard construction contract
    • Common variations of insurance coverage requirements that you may encounter
    • Course of construction property insurance
    • Course of construction exclusions
    • Delayed start-up coverage
    • General liability – what is covered and what is excluded
    • Wrap-up liability – what is the benefit of this coverage and who is insured
  • Surety Bonds:
    • Types of bonds – bid bond, performance bond, labour and material payment bond
    • Pricing of bonds
    • Underwriting contractors
    • Differences between bonds and letters of credit
    • Claims


This session is ideal for…  Anyone in the industry looking to enhance their knowledge of construction insurance and surety bonds.


Facilitators: Scott Fraser and Sel Tse, Aon Risk Services


Scott Fraser, Vice President, AON Risk Services

With 20 years of risk and finance experience in AON’s Winnipeg office, Scott Fraser BA, CAIB, CIP has devoted more than 10 years specializing in construction property and casualty insurance.

Scott has an advanced understanding of the insurance requirements and indemnity clauses in construction contracts used in Canada as well as the insurance products needed to address them. He has worked with contractors, specialty sub-trades, and design consultant firms both large and small to identify their risks and help protect themselves from fortuitous loss by transferring risk.

Scott has developed strong friendships with the clients he serves and is a regular WCA facilitator.


Sel Tse, Vice President, AON Reed Stenhouse Inc.

Sel Tse, CPA, CGA, CAIB, is professinal accountant and a specialist in construction surety bonds with over 14 years of experience in the insurance industry with Aon.  Sel has garnered extensive technical knowledge of the construction industry and the role surety bond plays in the industry through servicing various clients with revenues of $500,000 to over $1 billion. He is a regular contributor to courses hosted by the Winnipeg Construction Association and currently serves on the Board of Directors with Jobworks Adult Learning Centre.

  • January 18, 2018
    8:30 am - 11:00 am


Venue:   Winnipeg Construction Association - Burnell Room

1447 Waverley St., Winnipeg, Manitoba, Canada, R3T 0P7