TORONTO — The Canadian Wood Council (CWC) and Woodsure, a division of Axis Insurance Managers Inc., recently launched a new partnership between the WoodWorks and Woodsure programs which aims to help support the increased adoption of wood construction in Canada.
The influences of design innovation, advanced materials, new building codes and the evolving priorities of society are driving change in the construction sector and the expanded use of advanced wood construction.
However, as with the adoption of any new technology, perceived unknowns can create barriers that need to be to overcome, states a release, adding one such barrier is access to insurance for this new class of technologically advanced wood buildings.
The partnership aims to empower architects, builders and developers to choose wood with confidence, knowing they have access to insurance solutions that understand the complexities of wood construction. The goal is to enhance the acceptance, safety and growth of mass timber construction, recognizing it as a strategically preferred material for sustainable building practices.
“Supporting the mass timber industry with specialized insurance products is crucial for accelerating the adoption of wood construction,” said Connie Rowley, senior vice-president with Woodsure, in a statement.
“By offering tailored insurance solutions, insurers can provide the necessary capacity and confidence for developers to invest in mass timber projects. This support not only mitigates financial risks, but also fosters innovation and sustainability in construction. Enhanced insurance products can address concerns related to fire safety, structural integrity, and long-term reliability, thereby reassuring stakeholders and encouraging broader acceptance of this eco-friendly building material. Consequently, this leads to a more sustainable construction industry and helps in reducing the carbon footprint.”
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