We believe that insuring commercial risks requires extraordinary knowledge and is one of our strengths. We know that to serve our clients effectively, we have to develop a thorough understanding of their businesses. To that end, our professionals are continually educating themselves and attaining the highest designations available in our industry. Our knowledge extends to the marketplace and has fueled our tremendous growth in written premiums in the past few years. We want to be your service provider of choice – leverage our knowledge and let our expertise work for you.
Business Insurance
Property Insurance: Commercial Property Insurance provides protection for physical assets such as buildings and their contents, equipment and inventory, property in transit, as well as business interruption coverage.
The perils of Earthquake/Flood and complex exposures like Pollution risks for Real Estate risks are not insignificant. It is important you understand the coverage and deductibles you are carrying. Construction risks also present challenges and it is important you are working with a knowledgeable advisor.
Liability and Crime Insurance: Even a single accident or claim has the potential to put you out of business. The right liability insurance has you covered.
Commercial General Liability (CGL) insurance offers protection for your business against claims for bodily injury and property damage to third parties arising from your premises, operations, products and completed operations.
It also offers protection for advertising liability and personal injury to third parties, as well as defence costs.
Crime Insurance protects against losses from business-related crime. Protection can cover merchandise, money, or other property loss from embezzlement, forgery, robbery, securities theft, or another form of business-related crime. Also today Social Engineering Fraud is common and is a broad term to refer to scams used by criminals to trick, deceive and manipulate their victims into giving out confidential information and funds. Examples include email scams, wire transfer, and impersonation fraud. Policies should be endorsed to purchase this coverage.
Machinery Breakdown Insurance: An integral part of property package policies, Equipment Breakdown (EB) insurance provides coverage for equipment owned, leased, operated, or controlled by the insured which is normally excluded by property policies.
Environmental Insurance: Environmental liabilities are now very common. Remediation costs – both direct and indirect – can be substantial and every entity now has exposure. Almost all commercial policies exclude pollution risk, which means that environmental insurance is the only means for you to recover losses caused by environmental issues. Whether it is a Strata Corporation or an Apartment portfolio, the exposure is material and pollution insurance is a low-cost solution. It is not just for manufacturers or industrial businesses anymore and savvy property owners are actually using it to enhance their overall returns.
Management Liability
Professional Liability Insurance: If you work in professional services, you need the right business insurance to protect yourself against claims related to your delivery of professional services.Professionals in private practice and companies that provide professional services to clients are held to high standards of duty and accountability.
Your business may be liable if a client claims financial loss due to an error or omission on your part, or that of an employee. Errors and Omissions (E&O) liability insurance offers coverage beyond the scope of a general liability policy.
Directors and Officers Insurance: Directors and Officers (D&O) are accountable for the organizations they oversee. They are required to act in good faith and in the best interest of the organization – whether it’s a non-profit or for-profit enterprise.
There are many common claim scenarios such as:
- Employment Practices/Human Resource issues such as Wrongful Dismissal, Discrimination, Harassment and,
- Environmental Exposure
- Financial Reporting errors
- Failure to comply with regulations or laws (Statutory)
- Securities fraud
- Cyber Attacks
- Emerging Exposures: Drones are becoming an increasingly common feature of business. If your company uses a small drone for surveying purposes, aerial photography, inspection, farming, or any other commercial activity, talk to us about our insurance coverage for drones.
Our commercial drone insurance includes damage to and loss of the drone, ground station equipment, drone-mounted devices such as cameras, and spare parts. Our commercial drone product helps meet the evolving and future needs of your business.
Another area that is proving quite costly are legal expenses. With these costs on the rise, Legal Expense Coverage should be considered.