VanPlex Plexperts · BC Multiplex Money
BFL CANADA
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Construction Insurance Brokerage, BFL CANADA Insurance Services Inc.
Construction insurance: builders risk, wrap-up liability, contractor coverage.
BFL CANADA is an employee-owned brokerage started in Montreal in 1987. Its construction team places builders risk, wrap-up liability, and contractor insurance for projects across the country.
1987
Year founded
1,500+
Employees in Canada
27
Cities across Canada
Meet BFL CANADA
BFL CANADA Insurance Services started in Montreal in 1987. Barry F. Lorenzetti founded the firm, and it grew into one of the largest employee-owned commercial insurance brokerages in Canada.
The firm now runs more than 1,500 employees across 27 cities, with a Vancouver office at 1177 West Hastings Street. Its specialists are split by sector, and construction is one of them.
For a multiplex build, the construction team places builders risk (course of construction), wrap-up liability that covers the owner and the trades on one project policy, commercial general liability, contractor's equipment, and surety bonds. They also review the insurance language in construction contracts before you sign.
BFL is a broker, not an insurer. They shop the policy across carriers and structure the coverage to match the project, which matters on a four- or six-unit build where one wrap-up policy can cover everyone on site.
Credentials
Why work with BFL
01
One wrap-up policy for the whole site
Wrap-up liability puts the owner, the general contractor, and the subtrades on a single project policy. On a multiplex with several trades working at once, that closes the gaps between separate per-trade policies.
02
Builders risk during construction
Course-of-construction coverage protects the building, the materials on site, and work in progress against fire, theft, and weather while the multiplex is going up — before any homeowner policy applies.
03
They read the contract before you sign
BFL reviews the insurance requirements written into construction contracts and advises on what coverage the deal actually demands, so you are not over- or under-insured against the wording.
Frequently asked questions
What insurance does a multiplex build need during construction?
What is wrap-up liability and why use it on a multiplex?
Is BFL CANADA an insurer or a broker?
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Manning Elliott LLP
BC CPA firm founded in 1952, now 200+ accountants across four offices, with a Real Estate Practice Group for developers, landlords, and investors.
Vancity Credit Union
First BC lender with a retail mortgage built for multiplex construction. Up to 80% of project cost, 18 months interest-only, qualify in your own name with no company needed.
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