Canada gets a lot of snow. So why is it difficult to find snow plow insurance in this country?
Publisher: Canadian Underwriter
An increase in slip-and-fall claims has put pressure on insurance premiums for snowplow operators, which has left some contractors struggling to remain in business.
Dave Fraser, owner of DHF Contracting in Oshawa, Ont., says his business, which employs up to 25 people, was a hair’s breadth away from closing down in November when his insurer said it would no longer underwrite the snowplow portion of his business, which accounts for 70% of the contractor’s revenue.