Your Business Insurance
Fiction
“I don’t have enough risk in my business”
“I’m not big enough to need it”
“I‘m sufficiently covered by my personal insurance”
Facts
Business is risky.
You have more on the line than you might think.
Don’t risk your livelihood by not having the coverage you need.
You don’t need to be a millionaire to be sued like one.
Protect the income you and your employees rely on.
Your personal insurance is not enough! It does not cover your business.
Essential Business Insurance
PROPERTY
This covers your physical property including your buildings, your equipment, your materials or stock, tools, office furniture and more.
Not insuring to the full value can cost you! If you don’t have the right amount of insurance, your claim payment will be reduced. And remember, there is a difference between market value and rebuild/replacement cost.
BUSINESS INTERRUPTION
Could you go without income for weeks after a claim? This coverage can replace the income on which your family and your employees‘ families rely. Learn more about Business Interruption Insurance.
CRIME
35% of private companies in Canada experience a loss due to workplace crime. This covers those types of losses.
AUTO
If you rely on vehicles, getting back on the road means getting back to business!
GENERAL LIABILITY
Your personal liability is not enough! This covers your legal bills and settlements made against you and your business.
important extras for Business Insurance
EQUIPMENT BREAKDOWN
Keep your production line running! This covers sudden and accidental breakdown of electrical, mechanical and pressure equipment.
ENVIRONMENTAL IMPAIRMENT (POLLUTION LIABILITY)
Dirty deeds aren’t dirt cheap! This covers environmental remediation and clean-up expenses. Your General Liability alone won’t cover this.
ERRORS & OMISSIONS (PROFESSIONAL LIABILITY)
General Liability is not always enough! This provides coverage for your errors in your professional service and advice, resulting in financial loss for your customer.
CYBER (PRIVACY LIABILITY)
Access Denied! Your business is responsible for any private information you keep on file. You’ll need this coverage. Learn more about Cyber Insurance and Requirements.
DIRECTORS & OFFICERS (MANAGEMENT LIABILITY)
Your personal liability is not enough! This covers your legal bills and settlements made against you and your business.
Bonding (Surety)
CONTRACT BONDING
More and more, contractors are being required to provide bonding when bidding on or completing projects.
MISCELLANEOUS BONDING:
Lots of other businesses require bonding such as:
• Court Bonds
• Customs & Excise Bonds
• License & Permit Bonds
• Lost Document Bonds
Additional Perks for Our Clients
Insurance Premium Financing
We offer premium financing for commercial clients.
Please visit Commercial Premium Financing to learn more
Prestige Insurance Program
A dedicated and experienced Prestige Broker for your personal insurance. Receive superior service to handle your unique or complex personal insurance needs.
Learn more: Prestige Insurance Program
Group Rate Insurance
Group Rate Insurance provides discounts to help your employees save money on their car and home insurance, and it’s free to you!
Get started at Group Insurance Plan
Related Blog Posts
Why AI is a Cyber Security Threat to Businesses
As artificial intelligence (AI) progresses and more businesses choose to use the technology, its impact on cybersecurity becomes even more prevalent. October is Cyber Security Awareness Month in Canada and we’re looking into this emerging threat that businesses and...
Construction Site Claim: A Minor Leak Can Lead to Major Damage
In construction, every detail matters. A construction company faced a significant water claim that highlighted the importance of oversight and risk management on job sites. What Happened? As the general contractor neared completion of a new two-story business...
Transport Truck Trailer Brake Inspections: Critical Safety Measure
When it comes to hauling a 36,000-kilogram tractor-trailer down the road, the braking system is a major safety feature. The trailer's brakes, located more than 12 metres behind the driver, are crucial for stopping the entire rig safely. Ensuring these brakes are in...
Does Your Commercial Building Have a Fire Impairment Procedure?
For any commercial property management plan, ensuring the safety and security of occupants and assets is a top priority. One crucial aspect of this responsibility is having a comprehensive fire safety plan, including alarms and fire protection services like automatic...
Ontario Storm: Rainfall Claims and Basement Flooding Subsidies
Rapid rainfall over a short period last week led to disastrous conditions and flooding in many parts of southern Ontario, including Waterloo Region and the Greater Toronto Area. Insurance Claim Responses are Delayed In response, insurance companies have received...
Trucking Insurance: Navigating the Roads of Risk
The trucking industry serves as a lifeline of commerce – transporting goods across the continent with efficiency. However, each day presents an infinite number of risks that could disrupt operations and affect financial stability. In this ever-changing industry, a...
How do Insurance Policy Premium Payment Plans Work?
Setting up a new insurance policy can feel like a lot of work and at times a bit daunting. Using an insurance broker helps, but there are still things that can be confusing sometimes even if you’ve had insurance for years. Choosing between the various premium payment...
Cross-Border Trucking: CBSA’s Assessment and Revenue Management (CARM) Portal
The Canadian Border Services Agency (CBSA) is prepared to launch a new portal to streamline the commercial border process with the CBSA Assessment and Revenue Management (CARM) digital initiative. Scheduled for internal deployment at the CBSA in early May, followed by...
NOW AVAILABLE: Cannabis Event Liability Insurance
In the landscape of event planning and hosting, the legalization of cannabis in Canada has introduced a new element of risk. From small gatherings to large-scale festivals, the potential for cannabis exposure at events is now a reality for hosts. In response, a new...