WBI Home Warranty

What WBI Home Warranty does

WBI Home Warranty Ltd. is a privately held Canadian insurance agency founded in 2011 and headquartered in Surrey, British Columbia. The company operates as an agent for new home warranty insurance, construction insurance, and deposit insurance, with underwriting capacity supplied by RSA Canada and Intact Financial Corporation (which acquired The Guarantee Company of North America in December 2019 and now underwrites all four provincial programs). WBI holds provincial licensing in British Columbia, Alberta, Saskatchewan, and Manitoba, and distributes its products through a combination of direct account management and channel partnerships — notably Wilson M. Beck Insurance Group for construction-insurance referrals and Blanket Insurance Ltd. as a licensed broker across all four Western provinces. The company's primary customers are licensed builders and developers of single-family and multi-family residential projects, with homeowners serving as the secondary beneficiary of the statutory warranty coverage.

The core product is statutory new home warranty insurance: BC 2/5/10 coverage, Alberta 1/2/5/10 or 1/5 coverage, and Saskatchewan/Manitoba 1/5 coverage, protecting against defects in materials and labour, building envelope, building systems, and structural defects. WBI complements this with construction insurance (Commercial General Liability, Wrap-Up CGL, Builders Risk), a Deposit Protection Insurance facility authorized under BC's Real Estate Development Marketing Act and underwritten by Intact that enables developers to access up to $200 million+ in pre-sale deposits per project as construction financing, and — through an affiliate, Advantage Capital Group — construction and land financing referrals for mid-market developers. The company also runs a BC Housing pre-approved CPD seminar program that helps general contractors satisfy the 40-credit continuing education requirement for residential builder licence renewal.

WBI's revenue model is commission-based on insurance premiums placed with carrier partners, supplemented by a non-refundable $750 + GST builder membership application fee, transaction-based fees on deposit insurance facilitation, professional services revenue from CPD seminars and courses, and construction-insurance commissions via its WMB partnership. Go-to-market combines direct sales through account managers with channel partner distribution and an event-driven component through the CPD seminar program. Technology is not explicitly disclosed; operations center on relationship management, site inspections, certificate-of-possession administration, and a document-based claims submission workflow.

Name

WBI Home Warranty

Legal name

WBI Home Warranty Ltd.

Website

https://wbihomewarranty.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

WBI Home Warranty is a privately held Canadian insurance agency providing new home warranty, construction insurance, deposit insurance, and construction-financing referrals to builders and developers across British Columbia, Alberta, Saskatchewan, and Manitoba.

Ownership category

akta.pro rank

Product category

Home Warranty Insurance

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Home Warranty / Residential Service Contracts (Systems & Appliances) (FSAJALAG)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

Keywords

• New home warranty
• Construction insurance
• Deposit protection insurance
• Construction financing
• Builder CPD seminars

Headquarters

HQ city

Surrey

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. New Home Warranty Premiums: WBI acts as an agent for RSA (Royal and Sun Alliance) and The Guarantee (GCNA/Intact) to issue new home warranty insurance policies to builders and developers. WBI collects premiums on behalf of the insurer.
2. Builder Membership Application Fees: Non-refundable application fee of $750 plus GST for builders seeking membership with WBI.
3. Deposit Insurance Facilitation: WBI facilitates deposit protection insurance underwritten by Intact Insurance, enabling developers to access deposits for construction financing.
4. Construction Insurance Commissions: WBI works with WMB Insurance to arrange construction insurance (Commercial General Liability, Wrap-Up CGL, Builders Risk) for builders and developers, earning commissions.
5. CPD Seminars and Courses: WBI offers BC Housing pre-approved continuing professional development (CPD) seminars and courses for general contractors to earn credits for licence renewal.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

WBI Home Warranty acts as an insurance agency issuing new home warranty coverage to builders and developers in British Columbia, Alberta, Saskatchewan, and Manitoba, with policies underwritten by RSA Canada and Intact Financial Corporation. Its offerings include multi-year statutory new home warranty (2/5/10 in BC, 1/2/5/10 in AB, 1/5 in SK/MB), construction insurance (CGL, Wrap-Up CGL, Builders Risk), Deposit Protection Insurance up to $200M+ per project, construction financing referrals, and BC Housing pre-approved CPD seminars.

Product overview

WBI Home Warranty is a multi-product provider of residential real estate risk management solutions in Western Canada. The core product is Home Warranty insurance (covering BC, Alberta, Saskatchewan, and Manitoba), which is complemented by Construction Insurance, Deposit Insurance, and Construction Financing services. The company also offers CPD Seminars as a BC Housing pre-approved provider for builder licensing compliance. All products are distributed through a network of insurance and builder partnerships, with The Guarantee Company of North America and RSA Canada serving as primary underwriters.

Differentiator

Problem solved

Functional benefit

Products and services

• New Home Warranty Coverage Statutory new home warranty insurance for builders, developers, and homeowners in Western Canada. Coverage includes materials and labour, building systems, building envelope, and structural defects. Available as BC 2/5/10, AB 1/2/5/10 or 1/5, and SK/MB 1/5 coverage with provincial per-unit and per-building caps.
• Construction Insurance

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• Intact Insurance (Intact Financial Corporation)coreStrategic or Co-development Partner · 2 December 2019Intact Financial Corporation completed the acquisition of The Guarantee Company of North America on December 2, 2019. As of April 2021, Intact insures and underwrites New Home Warranty Insurance policies in all four provinces (BC, AB, SK, MB). Intact is one of Canada's oldest companies (roots dating to 1809) and a leader in specialty insurance and surety. Intact also underwrites the Deposit Protection Insurance product (as of the program's authorization in 2005).
• GCNA (Guarantee Company of North America)coreStrategic or Co-development Partner · 1 January 2012In early 2012, The Guarantee (GCNA) agreed to be the insurer and underwriter for WBI's Deposit Insurance Program. GCNA has been a surety industry leader since 1872. On April 15, 2019, GCNA agreed to insure and underwrite New Home Warranty Insurance policies in Alberta and British Columbia. On August 14, 2019, GCNA agreed to underwrite New Home Warranty policies in Saskatchewan and Manitoba.
• RSA Canada (Royal and Sun Alliance Insurance Company of Canada)coreStrategic or Co-development Partner · 1 April 2011WBI began operations in BC in spring 2011 with RSA underwriting New Home Warranty Insurance policies and Home Deposit Bonds. WBI acts as agent for RSA. RSA continues to underwrite and issue New Home Warranty policies and Home Deposit Bonds in each of the four provinces WBI is licensed in (BC, AB, SK, MB). RSA has over 300 years of heritage and is a leading property and casualty insurer in Canada.
• WMB (Wilson M Beck Insurance Group)coreChannel Partner/ Reseller/ DistributorWMB is a licensed insurance brokerage with over 35 years of experience providing insurance services to the construction industry. WBI works closely with WMB clients to provide construction insurance solutions. By partnering together, both teams provide a comprehensive level of service to every client, with WMB providing construction-related insurance and WBI providing home warranty.
• Blanket Insurance Ltd.majorChannel Partner/ Reseller/ DistributorBlanket Insurance Ltd. is a licensed insurance broker in BC, Alberta, Saskatchewan, and Manitoba. Through its business agreement with WBI, it is able to offer the New Home Warranty to its clients in each province, with RSA underwriting and issuing the policies.
• Advantage Capital GroupmajorStrategic or Co-development PartnerAdvantage Capital Group is an affiliate of Wilson M. Beck Insurance and WBI Home Warranty. They specialize in arranging competitive financing for mid-market real estate developers and investors in Western Canada. They offer land/acquisition financing, construction financing, deposit protection insurance, term financing, and interest-only/bridge financing. They have relationships with over 100 lenders including chartered banks, CMBS lenders, life insurance companies, credit unions, and private equity funds. WBI refers developers seeking construction financing to Advantage Capital Group.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• Marsh Canada: Marsh Canada is a global insurance broker and risk advisor serving large construction and real estate developer clients. While its primary focus is enterprise accounts, it competes with WBI's construction insurance placement services for mid-market developers.
• HUB International: HUB International is one of North America's largest insurance brokerages with deep Canadian operations, including construction and warranty products. As a broad incumbent broker, HUB competes with WBI for builder-developer insurance placements, especially in Western Canada.
• Intact Insurance (Intact Financial Corporation): Intact is both WBI's primary underwriting partner and one of Canada's largest P&C insurers offering home warranty, construction, and property products. As an underwriter, Intact could in theory bypass the agency model and compete directly with WBI's distribution layer.
• RSA Canada: RSA is WBI's founding underwriting partner and a leading global P&C insurer offering new home warranty and construction insurance across Canada. RSA competes in the same product categories WBI distributes and represents a potential vertical-integration risk.
• Aviva Canada: Aviva Canada is a major national P&C insurer offering construction, liability, and property products that overlap with WBI's construction insurance line. As a broader incumbent, Aviva competes indirectly for the same builder-developer insurance budgets.
• Travelers Canada: Travelers Canada underwrites surety and construction insurance products that overlap with WBI's construction and deposit insurance offerings. As a broad incumbent insurer, Travelers represents both a potential partner and competitive threat to WBI's agency model.

Emerging players

• Cinch Home Services: Cinch Home Services is a US-focused home warranty provider with a technology-driven distribution model. While geographically separate, Cinch represents the digital-first operating model WBI would face as a competitor if it expanded into US or broader North American markets.

Direct peers

• A-Win Insurance Group: A-Win Insurance Group is a BC-based insurance broker focused on the construction industry, overlapping with WBI's construction insurance and home warranty offerings in Western Canada. Both serve general contractors and developers with bundled construction risk products.
• National Home Warranty Group: National Home Warranty Group is one of Canada's licensed new home warranty providers, directly competing with WBI in the BC and Alberta markets for builder warranty registrations. Both serve the same legislated home warranty product and compete for the same builder-developer customer base.
• Pacific Home Warranty Services: Pacific Home Warranty Services operates in the BC new home warranty market alongside WBI, providing competing coverage for builders and developers under similar provincial regulatory frameworks. Both target single-family and multi-family builders requiring 2/5/10 warranty coverage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wbi-home-warranty
• Xx.com/wbihomewarranty

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WBI Home Warranty