Residential Bonding & Insurance
National Developer-focused Bonding & Insurance Solutions
Real Estate development is among one of the most high-risk, high-reward industries in Canada, characterized by numerous challenges and uncertainties at every stage of the development process. From the initial planning phase to project completion and delivery, developers face many factors that can impact the success and profitability of their projects.
Given the inherent risks associated with real estate development, effective risk management strategies are essential for developers, among which bonding and insurance play important roles. Deposit Protection Insurance (DPI) can lower lending costs by providing access to purchasers’ deposits for development use. Subdivision Bonds or Surety-Backed Letters of Credit can transfer security requirements of municipalities off balance-sheet. Insurance products like Course of Construction and Wrap-Up Liability provide assurances once a shovel is in the ground.
PLATFORM’s Residential Bonding and Insurance (RBI) group is developer-focused, servicing every risk need from project inception through construction to after-sales. Our A-to-Z approach offers comprehensive solutions tailored to the challenges faced by Canadian Real Estate Developers so you can focus on delivering high-quality projects that meet the demands of the market.
The RBI Team is the One-Stop Surety & Insurance Solution Centre for Developers
The RBI Group consists of skilled experts with decades of experience, many of whom were underwriters at Canada’s largest insurers and financial institutions. They have managed financing and insurance for major national projects and specialize in Cash Flow Optimization Strategies for developers. What sets the RBI Group apart:
Direct underwriting experience of Tarion Bonding & Warranty
Competitive-Bid Scenario for the best Deposit Protection Insurance offer
Creative solutions for early access to deposit monies
Access to in-house Risk Engineering for higher complexity projects
Significant market leverage for Builder’s Risk & Wrap-Up Liability
Close relationships to key decision-makers at all major insurance companies
Comprehensive Bonding & Insurance Solutions for Developers
We support builders and developers navigating Tarion Warranty Corporation requirements with deposit protection up to $20,000 per unit and bonds from $20,000 to $40,000+ per unit. Our RBI team offers competitive rates and comprehensive support, including Marketing Bonds and sales incentives. Our sales tools, like Purchaser Deposit Bonds and the Contractual Liability Insurance Policy (CLIP), help achieve presale targets and ensure smoother transactions. Deposit Protection Insurance (DPI) insures purchasers’ deposits, enabling their use for project development and saving interest costs compared to traditional loans. Our solutions streamline financial processes and maximize returns.
Key Coverages to Protect Your Business
At PLATFORM, we specialize in providing comprehensive insurance and bonding solutions tailored to the unique needs of builders and developers. Our expertise spans a wide range of services designed to protect your investments, optimize cash flow, and ensure smooth project execution. Discover our key coverages that safeguard your business at every stage of development.
Tarion Bonding & Sales Acceleration Products
Driving Sales Success
Residential & Commercial Deposit Insurance
Municipal, Subdivision & Back-to-Back Bonds
CMHC & Lien Bonds, ProTech & Other Risk Mitigation Tools
Builders’ Risk, Wrap-Up Liability & Operational Insurance
The PLATFORM Approach to Excellence Starts Here
The RBI Group provides complete insurance and bonding solutions for your project, no matter the size and complexity.
Acquisition
Secure your vacant land with comprehensive policies and safeguard your business operations with our operational liability coverage, protecting against unforeseen risks and ensuring peace of mind.
Entitlements
Fulfill municipal obligations with subdivision bonding and secure projects with back-to-back bonds or surety-backed letters of credit, ensuring compliance and financial stability and security.
Construction & Sales
Ensure seamless construction and sales with purchaser deposit bonds, contractual liability insurance, Tarion bonding, excess condominium deposit insurance, course of construction coverage, wrap-up liability, lien bonds, and Pro-Tech default insurance.
Operations
Protect operations with liability coverage for income-producing properties, developer-centric errors and omission insurance, and directors and officers’ liability insurance.